Installment Loans

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Installment Loan Rates
Effective December 19, 2024

Automobile/Motorcycles

Max Term

700 & Higher

641 - 699

640 & Lower

New Vehicles

60 mos.
72 mos.

Rate          APR *
6.50%      6.92%
6.75%      7.11%
‍

Rate          APR *
7.75%      8.18%
8.25%     8.62%
‍

Rate          APR *
11.50%     11.95%
12.00%    12.39%
‍

Used Vehicles
(2022 - 2017)

48 mos.
60 mos.

7.25% 7.77%
7.50% 7.93%
‍

8.50% 9.03%
9.00% 9.43%
‍

‍12.50% 13.05%
13.00% 13.46%

Used Vehicles
(2016 - 2012)

36 mos.
48 mos.

7.75% 8.44%
8.00% 8.53%
‍

9.50% 10.20%
9.75% 10.29%
‍

13.25% 13.97%
13.50% 14.06%

Used Vehicles
(2011 & Older)

36 mos.

9.25% 9.95%

11.75% 12.46%

14.50% 15.23%

Campers, RV, Boats

700 & Higher

699 - 641

New - 48 Months

Rate APR
8.00% 8.53%

Rate APR
10.45% 10.99%

New - 60 Months

‍8.75% 9.18%

‍10.75% 11.19%

New - 72 Months

9.25% 9.62%

11.50% 11.88%

Used - (Max 60 Months)

10.75% 11.19%

‍12.25% 12.70%

Certificate of Deposit/Savings Account

Central Bancshares Inc. Stock

2.00% over the rate earned with floor of 4.00%

Current Rate = 4.00%

Personal/Debt Consolidation

Home Improvement

36 months

Rate APR *
15.00% 15.72%

36 Months

Rate APR *
10.50% 11.20%

48 months

16.00% 16.57%

48 Months

11.00% 11.54%

60 months

16.50% 16.97%

Farm/Business Loans
Preferred: Prime ** + 1.00%
Farm Machinery purchases at a rate of 7.00% with a maximum term of 5 years and amortized up to 10 years.
Considerations: Current paperwork ( i.e. tax returns, credit report, application) Credit Score & Established Customer

* Subject to application and credit approval. Your rate may be different depending on your credit score. APR based on $25,000 financed, at the maximum term, including a $250 processing fee. Other rates, terms, payments and loan amounts are available by contacting any loan officer.
Loan payment example: New car loan for $25,000 for 72 months at 6.75% (7.11% APR) payments would be $427.57.
** Prime is Wall Street Journal Prime = 7.50%

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Installment Loans

See our Rates

Installment Loan RatesEffective December 19, 2024

Have Questions?

Installment Loan Rates
Effective December 19, 2024