Finance your new or used vehicle with us and you'll get affordable rates, flexible terms, and fast, friendly service. And no matter what you drive - car, truck, van, or SUV we've got financing to fit your budget.
Burbank City offers two services which can help ease the burden of unexpected expenses.
Guaranteed Asset Protection (GAP) helps cover the difference between your primary insurer's settlement and the balance of your vehicle loan - potentially saving you from a high residual balance the insurance company did not cover.
(Approximate cost $479. See Credit Union for details.)
As your car ages and racks up the miles, it could also rack up some big repair bills. Mechanical Repair Coverage (MRC) pays for covered mechanical repairs. It also protects you from the potential cost and inconvenience of covered breakdowns. Compare our coverage and cost to the dealers warranty and you could potentially save hundreds of dollars for the same coverage.
Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens. You're betting you can pay back your loan and you won't lose your job (to no fault of your own), or become disabled (due to injury or illness), or pass away, leaving your family responsible for your loan balance. Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.
Protection that matters.
If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Debt Protection will cancel or reduce repayment of your loan debt-helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include:
Help play it safe.
Debt Protection* is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. And, simple eligibility requirements ease the enrollment process.
For more information call us at (818) 846-1710.
*Debt Protection is a product offered by Burbank City Federal Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact a Burbank City loan officer for additional information on benefit maximums, eligibility, limitations, and a copy of your contract.
Online Skip-A-Pay offers you the flexibility of choosing the month you want to skip your loan payment.
For example: Expecting to owe Uncle Sam some money around tax time? After making the March payment on your qualifying consumer loan, go to Online Skip-A-Pay and elect to skip your April payment. Taking a grand summer vacation where you'll need some extra cash? After making your June payments, skip your July payments and enjoy your extended holiday.
Just login to Online Banking, click on "Skip-A-Pay" at the top and with just a few clicks you can skip your upcoming loan payment. You can skip each qualifying loan once during a 12-month period and there is a $25 fee per skipped loan.*
Find out if your loan qualifies today! Login to Online Banking and click on Skip A Pay.
Not an Online Banking user?
Sign up today and you'll have easy and convenient access to your accounts and you can take advantage of our online Skip-A-Pay program. If you need assistance setting up your online banking access give us a call at (818) 846-1710.
* There is a fee of $25.00 per skipped loan. If the account you designate to pay the $25 fee per skipped loan does not have enough funds available to cover the fee(s), your Skip-A-Pay will not be processed. FINANCE CHARGES will continue to accrue at the agreed rate on the unpaid balance. The payment you make on your loan following the skipped payment will include interest due for both the skipped and current month. If your loan is protected by GAP (Guaranteed Asset Protection) insurance, skipping a payment may affect the amount of your GAP insurance benefit. Refer to your GAP insurance policy for details. To take advantage of this offer, your loan(s) must have been opened for at least 6 months and you must have made at least one month of regularly scheduled payments. If any loans on your account are delinquent, or if any of your share accounts have a negative balance at the time the skip-a-payment is received, this offer will not be honored. Loans paid on bi-weekly or weekly payment schedules, qualify to skip the first two payments of the month. Click here for a printable Skip-A-Pay disclosure.