Graduate Auto Loan Program
Recent Graduate?
FORUM offers a special loan program for recent graduates. If you have graduated within three years from a 4-year undergraduate or postgraduate program, FORUM can help you start your future with a new car. Recent graduates are typically younger borrowers who may have limited or no credit, and we’d like to help them get started.
Features:
- Loan amounts up to $40,000
- "A" tier pricing
- Higher LTV options
Already have an existing auto loan? We can help you refinance your existing loan.
A person who has graduated within the past three years from a four-year undergraduate program or a post-graduate program (must provide copy of diploma for proof).
- Pay stub from employer verifying full-time employment or letter of employment (must begin employment within 60 days of contract date)
- No previous loan delinquencies
- $2,000 minimum gross monthly income
- Maximum LTV (Loan-to-Value) 100% of MSRP or NADA Retail
- Maximum DTI (Debt-to-Income) 45%
- Maximum PTI (Payment-to-Income) 20%
- Maximum loan amount $40,000
- Loans receive “A” tier pricing
Visit any branch or contact us to learn more about the Graduate Auto Loan Program. Please bring the documents listed above for required proof.