At Metco Credit Union, we know life doesn’t always go as planned. That’s why we offer Loan Debt Protection to help cover your payments during unexpected events like illness or job loss—so your loan doesn’t become a burden.
Our Loan Debt Protection options are affordable and competitive. Even if another lender claims a slightly lower rate, be sure to calculate the total cost of their coverage—many charge 2–3 times more than Metco.
Talk with a Metco lender to learn how Loan Debt Protection can give you peace of mind.
GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan
Contact one of our Lending Professionals for more details or to see if you can add this coverage to your vehicle loan today!
Depreciation is essentially the opposite of GAP (and a great complement to GAP!).
While GAP protects your loan balance, it does not account for any down payments you made or established equity in the vehicle. Our Depreciation Protection ensures you are reimbursed for down payments, trade-in equity, dealer rebates, and established equity.
This protection could cancel your loan balance or payments up to the contract maximums in the event of:
In addition, Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent. Protect your loan balance or loan payments today so your family can worry a little bit less about tomorrow. Purchasing Loan Debt Protection is voluntary and won’t affect your loan approval. It’s simple to apply.
