Offering great rates for all your lending needs!

APR = Annual Percentage Rate

All APR's reflect a $150 Loan Origination Fee

Rates Subject to Change Without Notice

Rates Current as of July 22, 2016

New Auto's 2016 & 2017

Term     Loan to Value Ratio APR
72 Months* Up to 110% of Purchase Price 3.50%
66 Months* Up to 110% of Purchase Price 3.30%
60 Months* Up to 110% of Purchase Price 3.10% 
48 Months* Up to 110% of Purchase Price 2.99%
36 Months* Up to 110% of Purchase Price 2.98%

*Subject to Credit Approval.  Your Rate may be higher.  Additional terms may apply.

Example 1:  If you borrow with no down payment at 3.50% APR for 72 months the monthly payment will be $151.89 per $10,000 borrowed.

Example 2:  If you borrow with no down payment at 3.30% APR for 66 months the monthly payment will be $163.39 per $10,000 borrowed.

Example 3:  If you borrow with no down payment at 3.10% APR for 60 months the monthly payment will be $177.43 per $10,000 borrowed.

Example 4:  if you borrow with no down payment at 2.99% APR for 48 months the monthly payment will be $218.00 per $10,000 borrowed.

Example 5:  If you borrow with no down payment at 2.98% APR for 36 months the monthly payment will be $286.38 per $10,000 borrowed.

Used Auto's

Year Max Term Max Loan Amount APR
2015-2016* 60 Months Lesser of Purchase Price or N.A.D.A. Value 3.60%
2014* 60 Months Lesser of Purchase Price or N.A.D.A. Value 4.10%
2013* 54 Months Lesser of Purchase Price or N.A.D.A. Value 4.42%
2012* 48 Months Lesser of Purchase Price or N.A.D.A. Value 5.25%
2011* 36 Months Lesser of Purchase Price or N.A.D.A. Value 6.00%

*Subject to Credit and Collateral Approval.  Your Rate may be higher.  Additional terms may apply.             

Example 1:  If you borrow the maximum on a 2015-2016 vehicle at 3.60% APR for 60 months the monthly payment will be $179.64 for a $10,000 loan.

Example 2:  If you borrow the maximum on a 2014 vehicle at 4.10% APR for 60 months the monthly payment will be $181.87 for a $10,000 loan.

Example 3:  If you borrow the maximum on a 2013 vehicle at 4.42% APR for 54 months the monthly payment will be $201.49 for a $10,000 loan.

Example 4:  If you borrow the maximum on a 2012 vehicle at 5.25% APR for 48 months the monthly payment will be $227.98 for a $10,000 loan.

Example 5:  If you borrow the maximum on a 2011 vehicle at 6.00% APR for 36 months the monthly payment will be $299.64 for a $10,000 loan.

*Please contact your nearest Andover Banking Center location for current rates on auto refinances.

 

For more rates, terms, and additional products, please contact us at (440) 293-7256 or complete this form.

Receive an additional 0.25% rate discount if you enroll in automatic payments and continue to have your monthly loan payments automatically deducted from your Andover Bank checking account. 

Interest rate and annual percentage rate (APR) are subject to change without notice. Interest rate, APR and terms may vary based on the creditworthiness of the borrower, loan-to-value ratio and loan purpose. Subject to credit and property approval. Additional terms apply.