Auto Loans

Auto Loans

A loan is available for Ho-Chunk Tribal Members and Ho-Chunk Nation Employees to contribute towards a reliable vehicle to get you to where you need to be. The car must be purchased from a dealership not a private seller. The vehicle must reside primarily in the state of Wisconsin. Refinances may be allowed on a case by case basis. The maximum lending amount is $20,000.00 or up to the amount allowable by your debt to income and varies based on the year of the car. To qualify, your debt-to-income ratio must be 40% or under and you may not have more than $5,000.00 in judgments or collections on your credit report. Payback period is 3-5 years depending on the year of the vehicle. Interest rates are 6.5 – 10% and depend on the year of the vehicle and debt-to-income ratio. Ineligible if you have had a vehicle repossessed in last (4) years. Must have at least 1 year of employment with no gaps, breaks, or transfers.