The car you want. The rate you'll love.
Financing made easy with YNCU.

For a limited time, CUMIS Insurance members will receive a 0.50%* discount on their rate.

Trusted by over 65,000 members and growing.

List of rates for Vehicle Loans
Vehicle Loans	Rate
EV Loan	5.05%
RV Loan	6.95%
Vehicle Loan	5.45%

CUMIS incentive: Get 0.50%* discount on your rate

For a limited time, existing CUMIS memers can benefit from a 0.50%* discount off the promotional rate. To qualify for this offer, members must also have CUMIS Life and Disability Protection.

CUMIS is a leading insurance solutions provider to credit unions across Canada, delivering financial peace of mind by providing competitive insurance products that help you thrive every day. Learn more about CUMIS insurance products here.

Get started on your loan application today to get 0.50%* off your rate.
If you’d like to take advantage of this offer book an appointment online or simply call us at 1-888-263-2225.

Good to know: How are mortgage rates calculated?

Mortgage rates are influenced by many different factors, including the Bank of Canada’s policy interest rate, bond yields, market conditions, your personal credit history, the term and type of mortgage like fixed or variable, as well as other things like internal costs and assessments. At YNCU, we’ll absorb more costs than our much larger competitors to give our members competitive rates.

Get started on your mortgage today.
If you’d like to take advantage of this offer fill out the form below and we’ll get back to you quickly or simply call us at 1-844-444-0411.

Limited Time Offer

Get 0.50%* off your rate with CUMIS

Claim This Offer

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How getting car financing with YNCU works.

When you contact us we’ll connect you with a YNCU Lending Specialist to discuss your car loan needs
We'll start your application and send off to be reviewed and approved
Depending on the time you reach out, we can have your loan approved and ready on the same day
Enjoy ongoing personal support and a tailored banking experience designed around you.

All terms and conditions are outlined clearly before you commit, because trust starts with transparency.

How getting a mortgage at YNCU works.

We’ll contact you by phone to start your application and discuss you mortgage and financial needs.
Your application will then be sent for a quick review for approval.
We’ll assign your dedicated advisor who’ll let you know if you’ve been approved.
Receive your mortgage and financial care package bundle (if applicable).
Once your mortgage closes, your cash back incentive will be deposited into your Home Free Chequing Account (if applicable).
Enjoy ongoing personal support and a tailored banking experience designed around you.

All terms and conditions are outlined clearly before you commit, because trust starts with transparency.

Take advantage of our competitive loan rates today.

Schedule your in-person meeting here or call us at 1-888-263-2225 to speak with an advisor now.

Why choose YNCU?

While it sounds cliché, here at YNCU our members come first. As a credit union we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit. Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our members require investments at both individual and collective levels.

When you apply for a vehicle, we’ll get you financing with only the amount you need, for the car you want, and within your budget. We have competitive rates, flexible terms and payment options.

At YNCU, you can expect:

Competitive rates on cars, trucks, RVs, trailers, and powersport vehicles like ATVs, snowmobiles, and boats
Payment extensions when you need the flexibility
Lump sum payment option to pay off your loan early without penalty

Here are some commonly asked questions about vehicle loans

What types of vehicles can I finance with YNCU?

You can finance new and used cars, trucks, SUVs, motorcycles, RVs, trailers, and powersport vehicles like ATVs, snowmobiles, and boats with a YNCU vehicle loan. Whether it’s your first car or an upgrade, we have flexible options to fit your needs.

What are the terms of a car loan in Ontario with YNCU?

Our terms range from 1 to 8 years. You can make weekly, biweekly, semi-monthly or monthly payments. Our rates are generally better than those you’ll find at used car dealerships.

Can I pay off my car loan earlier with YNCU?

Yes, in most cases, you can pay off a car loan early. As a credit union, we want what’s best for our members - that’s why we allow you to make extra payments to pay off the remaining balance before the end of your loan term.

Should I get a loan or a line of credit to buy a car?

We don’t recommend a personal line of credit to finance your car purchase. Car loans are better as they offer lower interest rates and more predictable payment terms. Lines of credit may offer flexibility, but the typically higher interest rates and lack of structured repayment can make them a more expensive option for financing.

Do I pay less interest if I pay off my car loan early?

Yes, you can save on interest overall by paying your loan off early.

How much mortgage can I afford?

To determine how much mortgage you can afford in Ontario, you'll need to factor in your income, expenses, as well as your debt-to-income ratio. A general guideline is to calculate the percentage of your gross income that is allocated to housing-related expenses. You can use online mortgage affordability calculator here.

What's the best type of mortgage?

Most people prefer fixed-rate mortgages because the monthly principal and interest payments remain the same. They are ideal if you are on a fixed income, or you simply prefer fixed repayments for easier budgeting.

What's the difference between a fixed and variable rate mortgage?

A fixed-rate mortgage locks in your interest rate for a predetermined amount of time, offering predictable monthly payments. A variable-rate mortgage may fluctuate based on market conditions, which could mean lower interest costs if rates go down.

Both options are available through YNCU and can be tailored to your financial plan. Speak with a Mortgage Specialist to find the mortgage that works best for you.

What is the cash back mortgage incentive?

A cash back mortgage incentive includes a lump sum of money that you receive when your loan is finalized. It’s typically used to help with home closing costs like legal expenses, renovations, furniture, or just about anything else. It’s also a great starting point for your savings, nest egg, or emergency fund.

Mortgage Amount	Mortgage Only	Mortgage +4 Products	Mortgage +5 Products
$100,000–$499,999.99	$1,500	$1,750	$2,000
$500,000–$749,999.99	$2,500	$3,000	$3,250
$750,000–$999,999.99	$3,500	$4,000	$4,250
$1,000,000–$1,500,000	$4,500	$5,250	$5,500

What is a high-ratio mortgage?

A is a home loan where the down payment is less than 20% of the purchase price, making it a higher risk by lenders and requires mortgage default insurance. The insurance protects the lender and allows more Canadians, like first-time homebuyers or those with limited savings, to qualify for homeownership with a smaller down payment.

Looking for a mortgage that fits your needs? Explore our current mortgage rates here.

What is a conventional mortgage?

A conventional mortgage is a type of home loan where the borrower provides a down payment of at least 20% of the property’s purchase price. Because the loan amount is 80% or less of the home’s value, it is considered lower risk by lenders.

Conventional mortgages are a good fit for:

Buyers with strong savings or equity
Homeowners looking to renew or refinance
People purchasing homes over $1 million, which are not eligible for mortgage insurance

What is mortgage default insurance?

Mortgage default insurance is required for high-ratio mortgages in Canada. It protects the lender in the event the borrower defaults on the loan. The cost, known as the insurance premium, is usually added to your mortgage amount and paid over the life of the loan.

*Available on approved credit. Additional terms and conditions may apply. Rates are available on auto loans of $10,000 or more for 2023–2025 vehicles and electric vehicles (terms 1–5 years) and on RV loans of $25,000 or more for 2021–2025 recreational vehicles (5-year term, amortization up to 15 years). Not all members will qualify for the rate special, but they may still qualify for the loan at regular pricing. For loans under $10,000 regular pricing applies.

Promotional rates include a 0.50% discount for CUMIS auto insurance holders. Life and disability protection is required to receive the discounted rate. Other rates and terms are available without this condition. Speak with a YNCU representative or visit your local branch for complete details.

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