Wherever you're going, we'll help you get there.
Whether it’s new, used, refinanced, or from a dealer or individual, we make it quick, easy, and straightforward.
Give Your Budget Some Breathing Room
Refinance your auto or recreational loan with Magnifi Financial Credit Union and we'll beat your current rate* to save you money.
$100 Bonus when we refinance your loan with a lower rate
$50 Bonus if your current rate is already unbeatable
Shift Into Affordable
Auto Loans Built For Your Journey
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Welcome All
New, used, or refinanced auto loans are available. Get started by completing an application in less than 5 minutes.
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Here for You
Local service and expertise with Magnifi's friendly and knowledgeable team. We'll team up with you to get you pre-qualified for the right loan amount.
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Local Financing
We'll be ready when you find the perfect vehicle that fits your budget.
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Drive Home Happy
Ride easy knowing you got the best loan available from your local credit union, with flexible options to fit your budget and lifestyle.
Get Ready to Go
Use our payment calculator to determine your budget and apply in as little as 5 minutes. We make it easy to take advantage of our great rates and flexible terms.
| Loan Type | Rate (as low as) | APR (as low as) | ||
|---|---|---|---|---|
| 2023 & Newer | 4.04% | 4.239% | ||
| 2018 - 2022 | 5.49% | 5.691% | ||
| 2016 - 2017 | 6.24% | 6.442% | ||
| 2015 & older | 7.24% | 7.443% | ||
| Loan Type 2023 & Newer | Rate (as low as) | 4.04% | APR (as low as) | 4.239% |
| Loan Type 2018 - 2022 | Rate (as low as) | 5.49% | APR (as low as) | 5.691% |
| Loan Type 2016 - 2017 | Rate (as low as) | 6.24% | APR (as low as) | 6.442% |
| Loan Type 2015 & older | Rate (as low as) | 7.24% | APR (as low as) | 7.443% |
Membership qualification is required. Loan fees apply. Rates are subject to change at any time and are based on creditworthiness. Loan payment and Annual Percentage Rate (APR) will vary based on the loan amount, term, collateral, and any fees. Rates include a 0.75% discount for automatic loan payment from a Magnifi account. Minimum APR loan payment example: $25,000 for 36 months including a $75 doc prep fee, 3.989% APR and a $735.75 monthly payment. Maximum term varies based on credit score and loan amount.
Your Money Does Good Here
Providing the 3 Essentials
For every new auto loan, Magnifi will donate 100 pounds of food back to your local communities.
We provide food, shelter and clothing to those in need, through our 3 Essentials program.
Frequently Asked Questions
Do I need a pre-qualification letter to shop for vehicles?
Do I need a pre-qualification letter to shop for vehicles?
Sometimes, sometimes not. If you have already found your vehicle to purchase, we can set up financing right away, and you won't need a pre-qualification letter. However, if you get pre-qualified and then shop around for vehicles, we'll send you a pre-qualification letter to bring to dealerships. Some dealerships may also contact us to obtain confirmation. Your pre-qualification offer is typically valid for 30 days.
What if I've found my vehicle before I apply?
What if I've found my vehicle before I apply?
That's great! Go ahead and fill out an application and we'll help you get the financing together as quickly as possible. If you are working with a dealership, we'll just need the Purchase Agreement and Insurance Card. Our lending staff will help walk through everything with you to get you on the road faster.
How do I make loan payments?
How do I make loan payments?
We have several methods for you to make your loan payments:
- Magnifi Digital Services or Mobile App: Transfer funds from your Magnifi or external checking/savings account into your loan account.
- Online: Use our online loan payment system to set up a single or recurring payment with your debit/credit card or routing/account number.
- Mail: Send a check to PO Box 325, Sartell, MN 56377. Please include your Account Number and Loan ID. You will not receive a payment receipt by mail, but you can verify the transaction within your Digital Services account.
- Branch: Visit any Magnifi location to make a payment.
How can I pay off my loan faster?
How can I pay off my loan faster?
If you make larger or additional payments on your vehicle loan, you'll pay down the principal, so you pay less interest over the life of the loan and can pay off your loan faster. However, this does not advance your due dates. Meaning, if you make twice the payment amount in one month, you will still need to make a payment on the same due date the following month.
Get Started
Choose the next step that's right for you. We offer options to fit your every day.
Apply Online
It's quick and easy to apply online.
Visit in Person
Apply locally at a branch near you.
Call Us
Speak directly with a Magnifi team member.
Meet With Us
A Magnifi team member can help you open a new account.
Recreational Vehicle Loans
Low-rate financing on new and used recreational vehicles.
Personal Loans
Loans for any type of purchase, wherever life takes you.
Credit Cards
Deal yourself a better card with rates that start low and stay low.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.
Membership qualification is required. Loan fees apply. Rates are subject to change at any time and are based on creditworthiness. Loan payment and Annual Percentage Rate (APR) will vary based on the loan amount, term, collateral, and any fees. Rates include a 0.75% discount for automatic loan payment from a Magnifi account. Minimum APR loan payment example: $25,000 for 36 months including a $75 doc prep fee, 3.989% APR and a $735.75 monthly payment. Maximum term varies based on credit score and loan amount.