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BMO Harris Bank

in Auto Loans

Unaffiliated Visit Site Find My Best Rate

BMO Harris Bank

Unaffiliated

in Auto Loans

SuperMoney Net Recommendation Score -80% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

1 user recommends
0 users are unsure
9 users don't recommend
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Overview

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 has a variable APR that ranges from 4.8% up to 7.11%.

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.

 

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Availability

Available in 10 states
  • Arizona
  • Florida
  • Illinois
  • Indiana
  • Kansas
  • Minnesota
  • Missouri
  • Nevada
  • Washington
  • Wisconsin

Feature Breakdown

No Prepayment Fee
Application Fee
$0
Origination Fee
Up to 1%
Minimum Age
18
Credit Score Range
700 - 850
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Maximum Vehicle Age
12
Military Status
  • Active Duty Military
  • Non-Military
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Only Individual Applications
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount
$5K - $30K
$12 $100K+
Loan Term (Months)
Up to
72
APR
4.8% - 7.11%
0% 36%+

Reviews

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