NMLS#514553

Installment Loans


See our Rates

Installment Loan Rates
Effective September 28, 2022

Automobile/Motorcycles
Max Term
700 & Higher
641 - 699
640 & Lower
New Vehicles

60 mos.
72 mos.
Rate          APR *
4.75%      4.96%
5.00%      5.18%
Rate          APR *
6.00%      6.21%
6.50%     6.68%
Rate          APR *
9.75%      9.97%
10.25%   10.44%
Used Vehicles
(2020 - 2016)
48 mos.
60 mos.
5.50%      5.76%
5.75%      5.96%
6.75%      7.01%
7.25%      7.46%
10.75%    11.02%
11.25%     11.47%
Used Vehicles
(2015 - 2011)
36 mos.
48 mos.
6.00%      6.34%
6.25%       6.51%
7.75%      8.09%
8.00%     8.26%
11.50%     11.85%
11.75%     12.02%
Used Vehicles
(2010 & Older)
36 mos.
7.50%       7.84%
10.00%   10.34%
12.75%     13.10%
Campers, RV, Boats
700 & Higher
699 - 641

New - 48 Months
Rate             APR
6.00%        6.26%
Rate             APR
8.45%         8.71%
New - 60 Months
6.75%        6.96%
8.75%         8.97%
New - 72 Months
7.25%         7.43%
9.50%         9.69%
Used - (Max 60 Months)
8.75%        8.97%
10.25%        10.47%
Certificate of Deposit/Savings Account
Central Bancshares Inc. Stock
2.00% over the rate earned with floor of 3.00%
Current Rate = 3.00%
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 5.50% with a maximum term of 5 years and amortized up to 10 years 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 5.000% (5.18% APR) payments would be $404.66.
** Prime is Wall Street Journal Prime = 7.00%

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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