Automobile Loans
First Bank of Highland Park is pleased to offer competitive rates on Automobile Loans for qualified customers. You will receive a discounted rate for payments automatically deducted from your First Bank of Highland Park checking or savings account.
Automobile Fixed Rates
| Categroy | Term in Months | Rate | Annual % Rate |
|---|---|---|---|
| New Auto Loan | 24 | 6.75% | 8.211% |
| 2008 | 36 | 6.75% | 7.750% |
| 48 | 6.99% | 7.756% | |
| 60 | 6.99% | 7.613% |
- RATES MAY BE REDUCED BY ONE QUARTER OF ONE PERCENT WITH AUTO DEBIT FROM CHECKING AND SAVINGS ACCOUNT.
- $150 documentation fee applies
- A new automobile is defined as one that has not been titled.
- New car advance should not exceed 80% of the purchase price, excluding taxes.
Used Auto Loans
Category |
Terms in Months |
Rate |
Annual % Rate |
|---|---|---|---|
2007 |
12 |
7.00% |
9.775% |
24 |
7.00% |
8.464% |
|
36 |
7.25% |
8.252% |
|
42 |
7.25% |
8.118% |
|
2005/2006 |
12 |
7.25% |
10.025% |
24 |
7.25% |
8.715% |
|
36 |
7.75% |
8.756% |
|
2004 |
12 |
8.00% |
10.779% |
24 |
8.00% |
9.468% |
- Vehicles older than 2004, rate = 9.75%. Maximum term is 18 months.
- $150 documentation fee applies.
- Checking or savings account must be established at time of disbursement.
- Rate quoted is for auto debit to checking or savings account
* APR's are based on loan amount of $10,000.00, with $150.00 document fee being financed.
Please contact a Personal Banker for more information on applying for an automobile loan.
