BMO Harris Bank Auto Loan
in Auto Loans from BMO Harris BankUnaffiliated
BMO Harris Bank Auto LoanUnaffiliated
in Auto Loans from BMO Harris Bank
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BMO Harris Bank Auto Loan Review
BMO Harris Bank Auto Loan is an auto purchase finance offering by BMO Harris Bank, a bank based in Chicago, IL. Founded in 1882, BMO Harris Bank offers auto loans 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.
What do you need to qualify for a loan with BMO Harris Bank Auto Loan?
Applicants with a credit score of at least 700 can apply for a loan via BMO Harris Bank Auto Loan. 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 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.
|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 (Fixed APR)||4.8% - 7.11%|