The Lending Process

Discover How to Get a Loan That Works for Your Needs and Financial Goals

Getting a loan can feel overwhelming, but it doesn’t have to be. With the right approach, you can secure a loan that fits your financial goals and makes life easier. Here’s everything you need to know to navigate the loan process with confidence.


STEP 1: Assess Your Financial Goals

Before you start applying, it’s important to know exactly why you need a loan and how much you plan to borrow. Whether it’s for a car, home, personal expense, or consolidating debt, having a clear purpose helps you choose the right loan type. Take time to evaluate your budget, income, and expenses to determine what you can comfortably afford to repay each month.


STEP 2: Understand Your Loan Options


Not all loans are created equal. Here’s a quick overview of common types:


  • Personal Loans: Versatile loans you can use for almost anything, from medical bills to vacations.
  • Auto Loans: Specifically for purchasing a new or used vehicle.
  • Home Loans: Designed for buying or refinancing a home, including fixed and variable-rate options.
  • Credit Cards: For ongoing expenses and building credit, though typically with higher interest rates than traditional loans.

Choosing the right loan depends on your specific needs and financial situation.




STEP 3



Check Your CREDIT REPORT

Your credit score plays a big role in determining the loan options available to you.


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STEP 4: Gather Necessary Documents


Lenders will typically ask for documents to verify your identity, income, and financial stability. Be prepared to provide:


  • Proof of identity, like a driver’s license or passport..
  • Proof of income, such as pay stubs or tax returns..
  • Bank statements and possibly proof of residence.s.

Having these ready can speed up the process.


VIDEO RESOURCES: THE LENDING PROCESS

 

Calculate Your Loan Needs


See what your loan could look like with our easy-to-use calculator. Estimate payments, compare options, and find the loan that works for you.



HOW TO GET A LOAN FAQS

How can I Apply for a Credit Card?  +

Want to open your first credit card?

Getting your first credit card is a great way to start building credit and managing your finances. The process is simple, whether you're applying online or visiting a branch. We’ll guide you through every step, so you can get your card quickly and start using it right away.

You can apply for a credit card online or at one of our branches.


To apply online:


  1. Visit our credit card page on the website.
  2. Select the card that best fits your needs.
  3. Complete the online application form.
  4. Make sure to have your personal information, income details, and social security number ready.
  5. Submit your application for approval.

To apply in-branch:


  1. Visit your nearest branch.
  2. Bring a valid ID, proof of income, and your social security number.
  3. Our staff will help you complete the application.

 

 

How can I Apply for a Vehicle Loan?  +

Ready to get your first vehicle loan?

Financing your next vehicle is easier than you think! Whether you’re looking to buy a new car or refinance your current loan, we make the process smooth and hassle-free. You can apply online or in-person, and we’ll guide you through each step, so you can hit the road in no time.


To apply online:


  1. Visit our vehicle loan page on the website.
  2. Select the loan option that fits your needs.
  3. Complete the online application form.
  4. Have your personal information, employment details, and vehicle information ready.
  5. Submit your application and get ready to finalize your loan.

To apply in-branch:


  1. Visit your nearest branch.
  2. Bring a valid ID, proof of income, and details about the vehicle you're purchasing or refinancing.
  3. Our loan specialists will assist you in completing the application and discuss the best loan options for you.

 

What Do I Need to Do to Get a Mortgage?  +

Getting a mortgage is a big step, but we’re here to make it as easy as possible. Whether you're buying a new home or refinancing, our mortgage options are designed to fit your needs. With online and in-branch application options, you’ll be on your way to securing your dream home in no time.

With Nuvision, you have a credit union that is dedicated to building your life!


To apply online:


  1. Visit our mortgage loan page on the website.
  2. Choose the mortgage type that best suits your needs.
  3. Complete the online application with your personal, employment, and financial details.
  4. Have information about the property you’re purchasing or refinancing ready.
  5. Submit your application and we’ll help guide you through the next steps.

To apply in-branch:


  1. Visit one of our branches.
  2. Bring your ID, proof of income, and any property details or purchase agreements.
  3. Our mortgage specialists will help you complete the application and explain your loan options.