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—AS LOW AS 1.49% APR*

Save 0.50% off Tower’s used vehicle rates by refinancing your loan at Tower’s new vehicle rates.

* Annual Percentage (APR) shown is as of Aug. 1, 2020 and is subject to change. 1.49% APR applies to 36 month term new vehicle rate and includes a 0.25% discount for enrollment in automatic monthly loan payments. Not all applicants will qualify for the lowest rate. All applications subject to verification of current employment. Rates, terms and conditions vary based on creditworthiness and program requirements. Other conditions including acceptable collateral apply. Minimum loan amount of $7,500. Does not apply to the refinance of an existing Tower loan.

New and Used Car Financing or Refinancing

Looking for a new or used car? Get a loan that puts you in the driver’s seat.

Or, if you’re looking to move your loan from another lender to lower your interest rate, and/or to lower your monthly payment, Tower can help.

We offer:

Contact us to see how much you could save each month or if you need help deciding if refinancing is right for you.

You can also use tools like our Vehicle Loan Calculators to help you understand the difference between payment costs and terms and see how much you could save by choosing to refinance.

Interested in financing a different type of vehicle? We also offer other types of secured loans.

Apply for a Loan

Auto Express Loan Check

Tower has you covered for everything you need to buy your car with ease. Once you find the car you want, at the price you want, you can get pre-approved for a Tower car loan before you purchase. Then, you can negotiate with the dealer for the exact amount – and pay for your purchase on the spot just like a cash buyer. It’s that simple.

  • Save time. Get easy pre-approval before you go to the dealer.
  • Add convenience. Checks are valid for 30 days, so you can take your time finding the right vehicle.
  • Protect your credit. Eliminates the need for additional credit inquiries that can lower your credit score. Auto Express Loan Checks can be used at franchise dealers in MD, DC, PA, DE & VA. Certain restrictions apply.

Insurance Requirement

According to the “Property Insurance” terms of your Credit Agreement, you are required to maintain insurance for any vehicle used as collateral to secure a loan with the credit union. Coverage must include fire, theft, comprehensive loss-by-collision (with maximum deductibles of $500.00 for Collision and $500.00 for Comprehensive), and liability protection.

Tower Federal Credit Union must be listed as “loss payee” on the insurance policy for any vehicle used as collateral to secure a loan with the credit union. You must supply the credit union with your auto insurance company name and policy number.

Please provide the following to your insurance provider for listing as the “loss payee”:

Tower Federal Credit Union
PO Box 123
Annapolis Junction, MD 20701-0123

Tower Federal Credit Union must be listed as the “lien holder” on the title for any vehicle used as collateral to secure a loan with the credit union.

Please record the lien in favor of the following:

Tower Federal Credit Union
P.O. Box 660426
Sacramento, CA 95866-0426



Not a member of Tower Federal Credit Union yet? See if you are eligible to join!

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.

For all auto loans, vehicle must be titled in U.S. Refinancing not available for existing Tower loans. Minimum loan amount is $5,000. Minimum loan amount for 72-mo. financing is $15,000. Minimum loan amount for 84-mo. financing is $25,000.