NMLS#514553

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!

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