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Navigant Credit Union Review

Navigant Credit Union has been providing financial services to families across Rhode Island since 1915. It's grown from its small beginnings to become one of the largest credit unions in the state, with more than $2 billion in assets under management.

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    How do Navigant auto refinance loans work?

    If you’d like to refinance a car less than one-year-old, you can expect rates to start from 2.79%.

    Interest rates will increase steadily the older your car is, and might be as much as 4.49% for cars more than 7 years old.

    Rates will be reduced by 0.25% for anyone repaying their loan via auto-pay from a Navigant account.

    You can refinance cars less than one-year-old for up to 72 months, and all other cars for 60 months.

    Credit score

    Credit score requirements aren’t disclosed by Navigant prior to your application.

    However, many credit unions can work with members with poor credit, so it’s worth contacting Navigant before you apply if you’re worried about your credit score.

    How much can you borrow?

    Navigant doesn’t say what it’s minimum and maximum borrowing amounts are.

    Credit unions will usually let you borrow at least 100% of the car’s market value, though.

    What types of vehicles are eligible for refinancing?

    Any car can be refinanced.

    How do I qualify?

    You’ll need to be signed up as a member of the credit union before you can access the auto refinance loans on offer.

    Membership is open to anyone living or working in Rhode Island.

    What documents do I need?

    • Your social security number
    • Proof of address - such as a utility bill
    • One form of government-issued ID - for example, a driver’s license or state ID

    What are the fees?

    Navigant’s loan fee schedule can’t be found on the website.

    We’d recommend you get in touch with customer services to check what fees might be applicable before you apply.

    How long does the refinancing process take?

    Members can log in and apply for auto loan refinancing quickly online, and the application form can be completed in a few minutes.

    Credit unions typically take between one and five days on average to approve your loan.

    How to apply for an auto refinance loan?

    You can visit any of Navigant’s branches in person, or apply online.

    What payment methods are supported?

    The various methods you can use to repay your loan aren’t listed on the Navigant website.

    However, many lenders will take payments from your bank account automatically each month.

    Navigant Credit Union Pros And Cons

    Pros

    • Low interest rates
    • Easy-to-use online application form

    Cons

    • Membership is limited to residents of Rhode Island
    • No fee information is provided before you apply

    Is Navigant Credit Union right for you?

    If you live in Rhode Island, you might want to check out Navigant to see if you’ll be eligible for low rates.

    For those living out of state, you’ll have to try a different lender. Consumer Credit Union is a good place to start.

    It offers interest rates comparable to Navigant but is open to applications from across the country.

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