Auto Loan Transfer

You can transfer your auto financing with another financial institution to VAPR Federal Credit Union that offers a lower interest rate and up to 84 months to pay. To make the transfer you must know that:

  • The refinancing of the car will be subject to the value of the vehicle.
  • In the case of transferring a new car loan financed by another financial institution, the applicable annual interest rate will be the lesser of the annual interest rate established in our new car policy or any current special offer.
  • In case of transferring a used car loan financed by another financial institution, the applicable annual interest rate will be the one established in our used car loan policy.

To make this transfer you must meet the following requirements​ in the auto loan policy​ and provide the following documents:

  • A cancellation letter for the amount of the existing debt of the car to be transferred, valid for ten (10) days.
  • Car license, which must be registered in the name of the applicant member.
  • Original financing conditional sales contract
  • Insurance Policy
  • Certification of no fines by the Department of Transportation and Public Works (DTOP) with a date close to the final approval of the loan.
  • Current driver's license

​Any incidental costs, including contract registration or recording fees or any other necessary expenses will be the responsibility of the applicant. 

You have questions, we have answers


Each of our branches has its schedule:

VAPR Plaza Branch

Monday to Friday

7:30 a.m. – 3:45 p.m.



8:00 a.m. – 1:00 p.m.

Veterans Hospital Branch

Monday to Friday

7:30 a.m. – 3:30 p.m.

Guayama Branch

Monday to Friday

8:00 a.m. – 4:00 p.m


Auto Coop

8:00 a.m. – 4:15 p.m.



9:00 a.m. – 1:00 p.m.

To join our credit union you must bring the following documents:

  1. Photo identification (License or Passport)
  2. $50.00 for initial deposit

Regular share (savings) accounts carry no monthly fee. In the checking account there will be no monthly charges as long as you maintain a minimum balance of five hundred dollars ($500.00). If you do not have this balance then a charge of four dollars ($4.00) will be applied monthly.