Best rates shown based on credit score. Published rates assume monthly payments automatically deducted from a Monroe Bank & Trust deposit account. Rates above may be changed at any time and without advance notice. It is the readers 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 4.699%, the APR would be 5.06%, the monthly payment will be $378.00.
Qualifying collateral may be amortized up to 15 years. Minimum down payment on boats & RV's 10% of value or purchase price, whichever results in a larger down payment. Minimum down payment on all other collateral 20% of value or purchase price, whichever results in a larger down payment.
Loans up to $9,999.99 will have a $100.00 loan processing fee. Loans $10,000.00 or greater will have a $150.00 loan processing fee. The minimum monthly payment on all loan types is $100.00. The minimum loan amount is $1000 for Home Improvement Loans, $2000 for all other loans. Will not finance RV's older than 10 years old.