NMLS#514553

Installment Loans


See our Rates

Installment Loan Rates
Effective September 28, 2023

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

60 mos.
72 mos.
Rate          APR *
6.00%      6.21%
6.25%      6.43%
Rate          APR *
7.25%      7.46%
7.75%      7.93%
Rate          APR *
11.00%   11.22%
11.50%    11.69%
Used Vehicles
(2021 - 2016)
48 mos.
60 mos.
6.75%      7.01%
7.00%      7.21%
8.00%      8.26%
8.50%      8.71%
12.00%    12.27%
12.50%   12.72%
Used Vehicles
(2015 - 2011)
36 mos.
48 mos.
7.25%      7.59%
7.50%       7.76%
9.00%      9.34%
9.25%     9.51%
12.75%     13.10%
13.00%     13.27%
Used Vehicles
(2010 & Older)
36 mos.
8.75%       9.09%
11.25%   11.60%
14.00%     14.36%
Campers, RV, Boats
700 & Higher
699 - 641

New - 48 Months
Rate             APR
7.50%         7.76%
Rate             APR
9.95%         10.21%
New - 60 Months
8.25%         8.46%
10.25%         10.47%
New - 72 Months
8.75%         8.93%
11.00%        11.19%
Used - (Max 60 Months)
10.25%         10.47%
11.75%         11.97%
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 6.50% 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 6.25% (6.43% APR) payments would be $419.41.
** Prime is Wall Street Journal Prime = 8.50%

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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