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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 April 18, 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.
