NMLS#514553

Installment Loans


See our Rates

Installment Loan Rates
Effective December 19, 2023

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

60 mos.
72 mos.
Rate          APR *
6.00%      6.42%
6.25%      6.60%
Rate          APR *
7.25%      7.67%
7.75%      8.11%
Rate          APR *
11.00%   11.44%
11.50%    11.88%
Used Vehicles
(2021 - 2016)
48 mos.
60 mos.
6.75%      7.27%
7.00%      7.42%
8.00%      8.52%
8.50%      8.93%
12.00%    12.54%
12.50%   12.95%
Used Vehicles
(2015 - 2011)
36 mos.
48 mos.
7.25%      7.93%
7.50%       8.02%
9.00%      9.69%
9.25%     9.78%
12.75%     13.46%
13.00%     13.55%
Used Vehicles
(2010 & Older)
36 mos.
8.75%       9.44%
11.25%   11.95%
14.00%     14.72%
Campers, RV, Boats
700 & Higher
699 - 641

New - 48 Months
Rate             APR
7.50%         8.02%
Rate             APR
9.95%         10.48%
New - 60 Months
8.25%         8.68%
10.25%         10.69%
New - 72 Months
8.75%         9.12%
11.00%        11.38%
Used - (Max 60 Months)
10.25%         10.69%
11.75%         12.20%
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 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 $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 6.25% (6.43% APR) payments would be $422.19.
** 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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