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Auto & Light Truck Loans

Whether new or used, mini-van or American muscle, SUV or farm pickup, four wheels or two - MBT can help you purchase what moves you.

Features and Benefits

  • Expert MBTeam loan professionals can help you simplify your financing. 
  • Competitive rates.

Current Rates

 
  Auto & Light Truck Loans
 
Type Term Best Rate APR
2012 & 2013 60 Months 1.99% 2.62%
2010 & 2011 60 Months 2.49% 3.13%
2008 & 2009
48 Months 2.99% 3.79%
2007 & Older 42 Months 4.26% 5.18%
       
       
Term on vehicles with 100,000 miles or more is 24 months. 15% minimum downpayment on used vehicles based on "clean" retail category in current NADA Guide, or purchase price, whichever results in a larger down payment. MBT may require larger down payment based upon borrower's credit score, vehicle history and age.   Read important disclosures.

 

 

*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 $10,000 for 60 months at 2.62% APR, the monthly payment will be $177.99.

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. 

 

 

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