Automobile Loans
Automobile Loans

Automobile Loan

Whether new or used vehicles, Wayne Bank's low rates and generous term of up to 60 months, help keep your payments affordable.

Automobile Loans Rates

New / Used1 Term (Months) Interest Rate Annual
Percentage Rate2
Monthly Payment
per $1000 Borrowed
New 72 Months 8.49% 8.68% $17.78
Used  60 Months 8.74% 9.29% $20.64

1 A new automobile has not been titled and only has a manufactured statement of origin, while a used vehicle has a title.

2 The Annual Percentage Rates (APRs) are effective as of November 21st, 2024. The APRs assume a $25,000.00 loan amount for new autos and a $10,000.00 loan amount for used autos, a minimum credit score of 720, that the monthly payment is automatically deducted from a Wayne Bank checking account and includes a $125 loan documentation fee. The APR will increase by .25% if the automatic payment deduction is not selected or is terminated.

Higher interest rates and APRs are in effect for lower credit scores.

APRs and interest rates are subject to change without notice. Other terms and interest rates are available. Minimum and maximum loan amounts and additional fees and restrictions may apply. Please contact any local Community Office for additional information. All loans are subject to credit approval.

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Personal Loans Image

Loans for a variety of consumer needs including vehicles and lines-of-credit

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Cash Reserve provides an extra “cushion”.