Auto Loans
Are you looking to purchase a new or pre-owned vehicle or refinance your existing vehicle? Midwest BankCentre has competitive rates, and we want to help you get behind the wheel of a new or pre-owned vehicle today.
Our Rates
Rates are effective as of 05/04/2025
LOAN TYPE
TYPICAL APR* RANGE
MINIMUM LOAN AMOUNT
6.25% – 9.25%
$5,000
7.25% – 10.50%
$5,000
*Annual Percentage Rates (APR) are effective as of 05/04/2025 and subject to change without notice. Your APR will be determined based on creditworthiness, loan term, loan amount, and age of collateral. Higher rates may apply to older collateral. Must be 18 years or older to apply. Subject to final credit approval.
Why apply for a personal auto loan at Midwest BankCentre?
Competitive Interest Rates
At Midwest BankCentre, we offer personal auto loans with lower interest rates, making it more affordable to finance your vehicle.
Fixed Monthly Payments
Enjoy predictable monthly payments with our fixed interest rates, helping you budget and manage your finances with ease.
Flexible Loan Terms
Choose from a variety of loan terms that suit your financial situation, allowing you to select the repayment period that works best for you.
Fast Approval Process
Our streamlined approval process ensures you get the financing you need quickly, so you can drive away in your new car sooner.
Build Credit History
Making regular, on-time payments on your Midwest BankCentre auto loan can help improve your credit score and build a positive credit history.
Ownership of the Vehicle
With a personal auto loan from Midwest BankCentre, you own the vehicle outright once the loan is paid off, giving you full control over your asset.
No Mileage Restrictions
Unlike leasing, our auto loans come with no mileage limitations, allowing you to drive as much as you want without worrying about penalties.
Tailored Financing Options
We offer customized financing solutions based on your individual needs and financial situation, providing you with the best possible terms and conditions.
How to apply for an auto loan with MBC.
FAQs
Whether you’re purchasing a new or used car, our FAQs cover essential topics such as application processes, credit requirements, loan terms, and more. Our goal is to provide you with the information you need to make informed decisions and secure the best loan for your needs. If you have additional questions or need further assistance, our dedicated loan specialists are here to help.
What credit score do I need to qualify for an auto loan?
While credit score requirements vary, a higher score typically results in better loan terms and interest rates. However, we work with borrowers of all credit backgrounds to find the best financing options available.
How long does the approval process take?
The approval process for an auto loan with Midwest BankCentre typically takes a few business days, depending on factors like application completeness and credit evaluation. Some applications may be processed more quickly, especially if submitted with all required documentation.
What documents do I need to apply for an auto loan?
To apply for an auto loan, you typically need documents such as proof of income (pay stubs or tax returns), proof of identity (driver’s license), proof of residence (utility bills), and vehicle information (purchase agreement or title) if buying a car.
Can I refinance my existing auto loan?
Yes, you can refinance your existing auto loan to potentially lower your interest rate, reduce monthly payments, or adjust the loan term. Refinancing depends on factors like your credit score, the vehicle’s value, and your current loan terms.
Have questions? We’re here to help!
Our loan specialists are ready to assist you with any questions or concerns about your personal auto loan. Reach out today to get the support you need.