Installment Loans

See our Rates

Installment Loan Rates
Effective May 4, 2023

Automobile/Motorcycles

Max Term

700 & Higher

641 - 699

640 & Lower

New Vehicles

60 mos.
72 mos.

Rate          APR *
5.50%      5.70%
5.75%      5.92%
‍

Rate          APR *
6.75%      6.95%
7.25%      7.42%
‍

Rate          APR *
10.50%   10.71%
11.00%    11.18%
‍

Used Vehicles
(2021 - 2016)

48 mos.
60 mos.

6.25% 6.50%
6.50% 6.70%
‍

7.50% 7.75%
8.00% 8.21%
‍

‍11.50% 11.76%
12.00% 12.21%

Used Vehicles
(2015 - 2011)

36 mos.
48 mos.

6.75% 7.08%
7.00% 7.25%
‍

8.50% 8.83%
8.75% 9.01%
‍

12.25% 12.59%
12.50% 12.76%

Used Vehicles
(2010 & Older)

36 mos.

8.25% 8.58%

10.75% 11.09%

13.50% 13.84%

Campers, RV, Boats

700 & Higher

699 - 641

New - 48 Months

Rate APR
7.00% 7.25%

Rate APR
9.45% 9.71%

New - 60 Months

‍7.75% 7.96%

‍9.75% 9.96%

New - 72 Months

8.25% 8.43%

10.50% 10.68%

Used - (Max 60 Months)

9.75% 9.96%

‍11.25% 11.46%

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% 15.42%

36 Months

Rate APR *
10.50% 10.92%

48 months

16.00% 16.33%

48 Months

11.00% 11.32%

60 months

16.50% 16.78%

Farm/Business Loans
Preferred: Prime ** + 1.00%
Farm Machinery purchases at a rate of 6.00% 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 $125 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 5.75% (5.92% APR) payments would be $413.44.
** Prime is Wall Street Journal Prime = 8.25%

Have Questions?

Our loans officers are ready to answer any questions you may have regarding loans, don't hesitate to give your local branch a call today!

Installment Loans

See our Rates

Installment Loan RatesEffective May 4, 2023

Have Questions?

Installment Loan Rates
Effective May 4, 2023