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Auto Loan Rates

Auto Loan Rates – Annual Percentage Rate (APR)

New Auto Used Auto
24 Months APR 6.50% Fixed 24 Months APR 7.00% Fixed
36 Months APR 6.75% Fixed 36 Months APR 7.25% Fixed
48 Months APR 7.00% Fixed 48 Months APR 7.50% Fixed
60 Months APR 7.25% Fixed    

NOTES:

Add .50% to the interest rate if payments are not deducted from a ParkeBank Deposit Account.

New autos are 90% financing.

Used autos are 80% financing for vehicles 2012 or newer.

Full insurance required on all types of auto loans, collision, comprehensive, etc.

Use our Loan Payment Calculator to determine the monthly loan payment.

Payments do not include the amounts for taxes and insurance premiums.  The actual payment will be greater.

Loan information is provided to assist in evaluating alternatives only and does not constitute an offer to extend credit.

Rates are subject to change without notice.  Rates effective as of  June 15, 2018.

Loans subject to credit approval.

 

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The Federal Deposit Insurance Corporation (FDIC) has permanently increased deposit insurance on all accounts to $250,000 per depositor.

Parke Bank Routing Number: 031207814