Auto & Personal Loans
Local loans for the road ahead.
Finance a vehicle, cover an expense, or consolidate debt with help from a local credit union that understands Massachusetts and Rhode Island. Alltrust Credit Union offers flexible auto and personal loan options for its members.
Borrow with confidence from Alltrust.
Whether you’re buying a new car, refinancing a vehicle, handling an unexpected expense, or planning a larger purchase, Alltrust makes borrowing simple. Our team can help you compare options, understand payments, and choose a loan that fits your budget.
Finance new or used vehicles. Get low rates on cars, trucks, SUVs and more.
Choose flexible terms up to 84 months and up to 100% financing for new vehicles.
Apply online with a quick preapproval or in person with great local service.
Explore our personal loan options.
Unsecured Personal Loan
Hassle-free financing. This simple unsecured personal loan can provide the funds you need with no collateral requirement.
Savings-Secured Personal Loan
Lower your rate. Get the funds you need and the low rate you want by using Alltrust Credit Union savings as collateral.
Features |
Unsecured Personal Loan |
Savings-Secured Personal Loan |
|---|---|---|
| Collateral required | No collateral | Uses savings as collateral |
| Great for home improvements |
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| Great for vacations |
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| Great for debt consolidation |
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| Good for building credit |
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| Rate type | Competitive fixed rate | Lower secured rate |
| Predictable monthly payments |
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| Terms up to 84 months |
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| Apply online |
Apply Now
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Apply Now
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| Collateral required No collateral |
| Great for home improvements |
| Great for vacations |
| Great for debt consolidation |
| Good for building credit |
| Rate type Competitive fixed rate |
| Predictable monthly payments |
| Terms up to 84 months |
| Apply online |
| Collateral required Uses savings as collateral |
| Great for home improvements |
| Great for vacations |
| Great for debt consolidation |
| Good for building credit |
| Rate type Lower secured rate |
| Predictable monthly payments |
| Terms up to 84 months |
| Apply online |
See what you could drive away in.
Apply online or connect with our team to find the auto loan that’s right for you.
Gap Coverage
Protect your ride.
Enjoy more peace of mind on the road with Guaranteed Asset Protection (GAP). If you have an auto loan, take advantage of this low-cost coverage to stay financially protected if your vehicle is ever stolen or damaged beyond repair.
How it works.
Because vehicles lose value over time, your insurance company may not cover the full amount that you paid for the vehicle that was lost, leaving you responsible for the unpaid auto loan balance. With GAP, your coverage can be used to pay off the “gap” between your insurance payout and your loan balance, so you won’t have to make loan payments on a car you no longer own.
You can also choose GAP Plus for additional coverage of up to $1,000 toward your down payment on a replacement vehicle (where allowed by law) when financed with Alltrust Credit Union.
Speak with your auto loan specialist to take advantage of this valuable option.
Loan Payments
Make a loan payment in seconds.
- Avoid cash advance fees and snail-mail slowdowns
- Earn loyalty and rewards points on eligible debit cards
- Make payments anytime, anywhere for a small
fee of $6.95
ProPay is designed to give you the option to pay your Alltrust loan with funds from another financial institution. It’s still free and easy to pay from your Alltrust account online or at any branch.
Skip-A-Payment
Need a break from loan payments?
Our special Skip-A-Payment Program* may be able to help. Members in good standing can defer one payment on their qualifying Alltrust Credit Union consumer loan(s) once per calendar year. This is a great benefit for teachers who need to stretch their cash over summer months or anyone else who needs a little help to make ends meet.
How to skip a loan payment.
- Fill out the Skip-A-Payment form (PDF).
- Return the form by mail, fax it to 508.990.1125, or bring it to a branch. A $35 processing fee** is required for each deferred payment.
- Skip your next loan payment.
* Some restrictions apply. The form and payment must be received prior to your consumer loan payment due date. One consumer loan payment may be skipped per consumer loan per calendar year. For installment loans, your skipped payment will be added to the end of your loan term. Interest will continue to accrue but all other items and conditions of the loan will remain the same. Any Credit Union Credit Card, First Mortgage loans, Home Equity Loans and Lines of Credit, Fixed Equity Lines of Credit, Leases, Business Loans, or Mass Save Heat Loans do not qualify for this program. Loan must be current.
** The $35 finance charge is a processing fee that must be received in a separate check or deducted from an Alltrust Credit Union account and is nonrefundable. Other restrictions may apply. Please call for details.
Frequently asked questions
You can use a personal loan for many everyday borrowing needs, including debt consolidation, home improvements, unexpected expenses, repairs, travel, or other planned purchases.
An unsecured personal loan does not require savings as collateral. A savings-secured loan uses funds in your Alltrust savings account as collateral, which may help you qualify for a lower secured rate while keeping your savings in place.
Yes. A personal loan may be used to combine multiple debts into one predictable monthly payment. The right option depends on your balance, rate, term, and overall budget.
GAP, or Guaranteed Asset Protection, may help cover the difference between your vehicle insurance settlement and the remaining balance on your auto loan if your vehicle is stolen or totaled.
Yes. Alltrust offers online loan payment options using an external debit card or e-check from another financial institution.
Alltrust loan options are available to eligible members. If you are not already a member, Alltrust can help you understand membership requirements and next steps.
