Loan Reprice

Loan Reprice Program

You might qualify for a lower rate on your BECU loan.

Improved Credit Scores May Lower Your Loan's Interest Rates

Ever dream of getting a lower loan rate based on your improving credit score? At BECU, we reward members making strides toward financial health.

BECU periodically evaluates the credit rating of each member who has an auto, boat, RV, credit card, personal, or home improvement loan with BECU. If your score has improved sufficiently and your account is in good standing, we will look at reducing your rate.*

It's just the right thing to do. As a member-owned cooperative, we're all working together to lift each other toward financial health. When you improve your credit score and payment history, you contribute to the credit union. In return, you have the chance to earn a better a rate.

What do you have to do? Just keep working toward financial health. If you have a qualifying product and meet our criteria, we'll update your APR automatically and send you a notification.

Understanding Credit

We want all of our members to be able to do more with their money. Part of being able to do more is a good credit score. Credit worthiness is based on your payment, loan, account and balance history. While not perfect, a credit score is a good assessment of financial behavior. More importantly, it's used to help determine loan borrowing rates. Read article Understanding Your Credit Report.

*With a reprice, your rate cannot drop below the lowest current published rate. Loan products available for this benefit may change at any time, the reprice program may end at any time, and we may not be able to lower your rate with each evaluation.