BMO Harris BankUnaffiliated
in Auto Loans from BMO Harris Bank
Strongly not recommended
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Where does BMO Harris Bank do business?
BMO Harris Bank is a bank based in Chicago, IL. It was founded in 1882 and offers auto loans in 10 states across the USA.
How much can you borrow via BMO Harris Bank?
BMO Harris Bank auto loan amounts start at $5,000 and go up to $30,000.
What APR does BMO Harris Bank offer on its auto loans?
BMO Harris Bank offers an auto loan product that ranges from 4.8% APR up to 7.11% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum loan term you can get with BMO Harris Bank?
BMO Harris Bank has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does BMO Harris Bank charge an origination fee?
Yes, BMO Harris Bank may charge a loan origination fee up to 1% of the loan amount.
Does BMO Harris Bank charge a late fee?
Yes, BMO Harris Bank charges borrowers with a late payment penatly fee
Does BMO Harris Bank charge prepayment fees?
No, BMO Harris Bank will not charge you a fee for paying your loan early. Whenever possible choose lenders like BMO Harris Bank that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with BMO Harris Bank?
Applicants with a credit score of at least 700 can apply for a loan via BMO Harris Bank. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan via BMO Harris Bank?
BMO Harris Bank will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.
|No Prepayment Fee|
|Origination Fee||Up to 1%|
|Credit Score Range||
700 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||12|
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $30K|
|Loan Term (Months)||Up to 72|
|APR||4.8% - 7.11%|