Credit-union bike loans in New York
In New York City, Spring Bank’s GoGreen Cycle Loan is one of the only bike loans in the country that needs no credit score. It’s 10% APR with autopay (14% without), up to $2,500 over 12 months, for a UL 2849 e-bike bought from a partner shop — you need to be 18 and earn at least $20,000. Outside the city, the national credit unions below are open to any New Yorker.
Verified Jun 2, 2026 Spring Bank page ↗
New York lenders we can verify
Local lenders plus the national ones anyone can join. Sort by rate or loan size.
Rates come from each lender’s own page — these are directory listings, not affiliate links. Regional lenders need you to live or work in their area.
| Loan type | From | ||||||
|---|---|---|---|---|---|---|---|
| Open to anyonePenFed Credit Union | Personal loan (bike-eligible) | Nationwide | From 6.09% (with autopay) | Up to $50,000 | Up to 60 mo | ✓ | Their loan page |
| First Tech Federal Credit Union | Personal loan (bike-eligible) | Nationwide | 6.99–18.00% | $500–$50,000 | 6–84 mo | ✓ | Their loan page |
| Open to all 50 statesClean Energy Credit Union | Dedicated e-bike loan | Nationwide (online) | From 8.24% (with autopay) | $500–$15,000 | 36–84 mo | ✓ | Their loan page |
| Alliant Credit Union | Personal loan (bike-eligible) | Nationwide | From 8.74% (with autopay) | $1,000–$100,000 | 12–60 mo | ✓ | Their loan page |
| Connexus Credit Union | Personal loan (bike-eligible) | Nationwide | 9.49–18.49% | $1,000–$50,000 | 24–84 mo | ✓ | Their loan page |
| No credit scoreSpring Bank — GoGreen Cycle Loan | CDFI community loan | New York City | 10% (autopay) / 14% without | $1,000–$2,500 | 12 mo | ✓ | Their loan page |
“As low as” rates assume strong credit, usually with autopay — yours may be higher. “Personal loan” rows are general loans you can spend on a bike, not bike-specific products. Confirm eligibility and terms on the lender’s page before applying. Last checked 2 June 2026.
Spring Bank is a New York CDFI, not a typical bank — it funds up to 80% of the price, requires bike insurance, and charges a $30 fee on approval. NYC also caps e-bikes at 15 mph, so make sure the bike you finance is street-legal.
Borrow less, pay less. A rebate shrinks the loan.
A credit union sets the rate; a rebate sets the amount. Claim any New York e-bike rebate you qualify for first, then finance what’s left — you’ll pay interest on a smaller number, sometimes small enough that you barely need a loan at all.
What New York riders ask
Can I get an e-bike loan in NYC with no credit score?
Yes. Spring Bank’s GoGreen Cycle Loan requires no credit score — you need to be at least 18, earn $20,000 or more, and buy a UL 2849-certified e-bike from a partner shop. It’s 10% APR with autopay, up to $2,500 over 12 months.
How much does the Spring Bank bike loan cover?
Up to $2,500, and up to 80% of the bike’s price — so you cover the rest. There’s a $30 fee on approval and bike insurance is required. It’s aimed at delivery riders and commuters buying a certified e-bike.
Are there other credit unions a New Yorker can use?
Yes. PenFed (from 6.09%), First Tech, Alliant and Connexus all let anyone in the US join, and Clean Energy Credit Union’s e-bike loan (from 8.24%) is open in every state — useful if you’re outside NYC or want a longer term.
Does the bike have to be street-legal in New York?
Yes. New York City limits e-bikes to 15 mph and requires UL 2849 certification; faster throttle bikes are treated as mopeds. Spring Bank’s loan already requires a UL 2849 bike, which keeps you on the right side of the rule.
Looking beyond New York? See every credit-union bike loan we can verify, or compare all the ways to finance a bike.