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  BMO Harris Bank Auto Loan

BMO Harris Bank Auto Loan

in Auto Loans from BMO Harris Bank

Unaffiliated

BMO Harris Bank Auto Loan

Unaffiliated

in Auto Loans from BMO Harris Bank

SuperMoney Net Recommendation Score -71% 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
12 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $5,000 - $30,000
APR  (Fixed APR) 4.8% - 7.11%
Credit Score Range 700 - 850
Loan Term Up to 72 months
Number of Reviews 14

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 offered in 10 states across the USA.

How much can you borrow via BMO Harris Bank Auto Loan?

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

What APR does BMO Harris Bank Auto Loan offer on its auto loans?

BMO Harris Bank Auto Loan offers a fixed APR 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 Auto Loan?

BMO Harris Bank Auto Loan 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 Auto Loan charge an origination fee?

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

Does BMO Harris Bank Auto Loan charge a late fee?

Yes, BMO Harris Bank Auto Loan charges borrowers with a late payment penatly fee

Does BMO Harris Bank Auto Loan charge prepayment fees?

No, BMO Harris Bank Auto Loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like BMO Harris Bank 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 Bank Auto Loan loan?

Yes, you can. BMO Harris Bank Auto Loan does not charge a prepayment fee, so you can save money by paying your auto 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 are 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 an auto loan via BMO Harris Bank Auto Loan?

BMO Harris Bank Auto Loan 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

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
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
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $5K - $30K
APR (Fixed APR) 4.8% - 7.11%
Loan Term Up to 72

BMO Harris Bank Auto Loan Community Reviews

 

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