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  BMO Harris Bank Auto Loan

BMO Harris Bank Auto Loan

in Auto Loans from BMO Harris Bank

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BMO Harris Bank Auto Loan

Unaffiliated

in Auto Loans from BMO Harris Bank

SuperMoney Net Recommendation Score -75

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -75, equating to 1.5 on a 5 point rating scale.

-75

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

2 users recommend
0 users are unsure
14 users don't recommend
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Highlights
Community Rating Strongly not recommended
Credit Score Range 700 - 850
Loan Amount $5,000 - $30,000
APR  (Fixed APR) 5.3% - 7.61%
Loan Term (Months) 60 - 72 months
Number of Reviews 16

BMO Harris Bank Auto Loan Review

BMO Harris Bank Auto Loan is offered by BMO Harris Bank, a bank founded in 1882 and based in Chicago, IL. BMO Harris Bank Auto Loan is available in 10 states across the USA.

BMO Harris auto loan FAQ

How much can you borrow via BMO Harris auto loan?

BMO Harris auto loan loan amounts start at $5,000 and go up to $30,000.

What APR does BMO Harris auto loan offer on its car loans?

BMO Harris auto loan offers a fixed APR car loan product that ranges from 5.3% APR up to 7.61% 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 auto loan term you can get with BMO Harris auto loan?

BMO Harris auto loan has car loans with terms ranging from 60 to 72 months. Having the option of longer terms allows borrowers to take on larger auto 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 auto loan charge an origination fee?

Yes, BMO Harris auto loan may charge a loan origination fee up to 1% of the auto loan amount.

Does BMO Harris auto loan charge a late fee?

Yes, BMO Harris auto loan charges borrowers with a late payment penatly fee

Does BMO Harris auto loan charge prepayment fees?

No, BMO Harris auto loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like BMO Harris auto loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my BMO Harris auto loan loan?

Yes, you can. BMO Harris auto loan does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for BMO Harris Bank Auto Loan?

Applicants with a credit score of at least 700 and up to 850 may be eligible for BMO Harris Bank Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

BMO Harris Bank Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. BMO Harris Bank Auto Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via BMO Harris Bank Auto Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by BMO Harris Bank Auto Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via BMO Harris auto loan?

BMO Harris auto loan will typically approve (or deny) a car loan application within 48 hours and fund the car loan within 7 business days of approval.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From BMO Harris Bank

North America's eighth-largest bank by assets, BMO serves more than 12 million customers through three integrated operating groups providing personal and commercial banking, wealth management, and investment services. Building on 203 years of experience (and counting), we're globally-minded and socially conscious, with a strong brand, distinctive capabilities, and a clear, well-defined strategy. We're proud of our bank's highly engaged workforce and award-winning collaborative culture. BMO employees are dedicated to transparency, sound governance, and the highest standards of ethical conduct – values that form the foundation of trust and cement the lasting connections we create with our customers, our communities, and each other.

No matter what kind of car or truck you need, for whatever reason you need it, we can help put you in it! Choose from a variety of car loan rates and terms for every budget and timeline. Let’s get you some money for those wheels. Car loans made just for you. Choose from a variety of terms and competitive rates to get a monthly payment that works for you. Our easy application process lets you get your funds in just a few days. Loans for what moves you. We also have loans for motorcycles, boats, snowmobiles, and RVs.

Availability

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

Feature Breakdown

Application Fee $0
No Prepayment Fee
Origination Fee (%) Up to 1%
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Maximum Vehicle Age 12
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Credit Score Range 700 - 850
Loan Amount $5,000 - $30,000
APR (Fixed APR) 5.3% - 7.61%
Loan Term 60 - 72 months

BMO Harris Bank Auto Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -75, equating to 1.5 on a 5 point rating scale.

-75

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.

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