*Best rate shown based on credit score. Published rates assume monthly payments automatically deducted from a Monroe Bank & Trust deposit account. Rates displayed above may change at any time and without advance notice. It is the reader’s responsibility to verify rates with an MBT loan officer. All products and services are subject to Bank and credit approval.
The Annual Percentage Rate (APR) and payment amount will vary, and is determined by your collateral, term, loan amount and credit qualifications. For example if you borrow $20,000 for 60 months at 2.99%, the APR would be 3.33%, the monthly payment will be $362.35.
The minimum monthly payment on all loan types is $100.00. There is a minimum loan amount of $2,000 for all vehicle loans. Loans up to $9,999.99 will have a $100 loan processing fee. Loans $10,000.00 or greater will have $150 loan processing fee.