Auto Loans
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score -78
Strongly not recommended18 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$5,000 - $30,000
APR (Fixed APR)
5.3% - 7.61%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
700 - 850
Loan Term (Months)
60 - 72
Number of Reviews
BMO Harris Bank Auto Loan Review
BMO Harris Bank Auto Loan is offered by BMO, a bank founded in 1882 and based in Chicago, IL. BMO Harris auto loan are available in 10 states.
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 -- some lenders offer terms that range up to 144 months -- 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 penalty 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.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by BMO Harris Bank Auto Loan.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- 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 fund the car loan within 7 business days.Does BMO perform a hard credit pull?
Yes, BMO Harris auto loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is BMO a legit company?
BMO was founded in 1882, it is a well-established company that has been in business for 144 years. BMO Harris Bank Auto Loan is strongly not recommended by SuperMoney community users.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 auto loan
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -78, or 1.4 on a 5-point rating scale.
-78
-1000+100
No one recommends
Everyone recommends
BMO Harris Bank Auto Loan Community Reviews
Would you recommend BMO Harris Bank Auto Loan to your friends?
Cheryl R.
Dec 4, 2023
May or may not recommend
Late fees are more than the payment!! What is wrong with companies these days!?
U
Anonymous
May 8, 2023
May or may not recommend
Bought a truck in Illinois then I moved to missouri a year later now I can't get license on my truck without paying it off because the title has to be switched to missouri and bmo won't let it
WD
William D.
Feb 9, 2021
May or may not recommend
My initial dealings with BMO were very positive. However, over the past year, they have introduced onerous, unfair, hurtful policies. For example, I started receiving hundreds of dollars per month in late fees, even though all payments were mailed several days or more before due date. Discussions with their representatives revealed that you must mail your payment 10 days before the due date or else late fees--that they will not ...Show More
DM
Dylan M.
Feb 26, 2020
May or may not recommend
STAY FAR AWAY. I made the unfortunate mistake of agreeing to move forward with BMO for an auto loan, and I would do anything to go back. Credit score is tarnished due to their mailing issues, and no one in customer service has an empathetic bone in their body. I paid off the loan in-full 3 months in just to avoid the ongoing headache. It's sad to see a company ...Show More
KL
Kevin L.
Sep 5, 2019
May or may not recommend
As one reviewer mentioned, they send a payment coupon book for you to mail in payments. Who uses this stuff in this day and age? You can't make on-line payments unless you open a checking/savings account with them. Then they charge a "convenience fee." I called their 1-877 number to get information about my loan. The prompt asks you to enter either your ...Show More
Jennifer K.
Jul 17, 2019
May or may not recommend
They gave me a very reasonable rate .. alot lower than I expected due to my credit rating... they also have awesome customer service!!
Loretta G.
Jul 10, 2019
May or may not recommend
Very uncooperative. Rude, will not comply with what they say they will do.
DW
Davei W.
Dec 20, 2018
May or may not recommend
My sons in the hospital, I asked for a 1 month extension on my car loan and was denied. Will refinance with a different bank and will never use Harris bank again
Christy C.
Aug 23, 2018
May or may not recommend
My car dealership financed my loan through BMO Harris without asking me what I wanted. This company is total garbage. They send me a booklet of payment coupons (who uses those anymore? Get with the program!). I go online to try to enroll in online automatic payments. It won't even let me enroll online. Also, my interest rate is terrible. I have an 804 FICO and my interest rate is ...Show More
Jay W.
Aug 11, 2018
May or may not recommend
Paid off my car for 2 years with them never missed a payment before it got totaled. They took FOREVER to get me the documents in order to start my gap claim which led me to have to pay the next month for a car I did not have even when I tried to ask for an extension they denied it even though I had no income coming in because ...Show More
U
Anonymous
Feb 16, 2018
May or may not recommend
If I could give them a 0, I would. 2 years... yes, 2 years trying to get the title to my car after it was PAID OFF. Multiple emails, calls, with promises of you should receive your title within 7-10 working days repeatedly for 2 year. David versus Goliath. Won't EVER use this HORRIBLE company again.
U
Anonymous
Oct 13, 2017
May or may not recommend
Use my bank online to pay. I use banks bill pay all you need is bmo acct. number and routing number. No more charge for a monthly payment. Works great.
U
Anonymous
Apr 23, 2015
May or may not recommend
How can a bank get away with charging such high fees to people who don't bank with them? Why do they even offer loans to non-bankers if they are going to place monstrous fees on online payments? If you bank with them, I'm sure this is not a problem for you. But I don't, so I have the pay the fee every month.
U
Anonymous
Apr 23, 2015
May or may not recommend
The fees Harris Bank charges are almost unbelievable. On top of the high, high interest rates, they charge crazy fees to make payments online. It's insane to think that they can't even give their customers a break when they are already paying all this money in interest. Unfair company. I will not get loans from them anymore.
U
Anonymous
Apr 23, 2015
May or may not recommend
I have never paid such a high fee to make an online payment! Really, that much for a ‘convenience fee'? I pay ALL of my bills online and have never encountered anything so ridiculous. My advice to Harris Bank would be to offer a FREE bill pay service to your paying, loyal customers.
U
Anonymous
Apr 23, 2015
May or may not recommend
This bank REALLY dropped the ball. I paid off the loan months ago and they haven't sent me to title yet. I have recently moved to a new state and now have to pay various fees because I can't properly register the car without the title. I called Harris and they were not helpful in the situation, essentially blaming me for the trouble.
U
Anonymous
Apr 23, 2015
May or may not recommend
I have found that Harris Bank is not customer oriented. Meaning, they do not care about making their customers happy. For whatever reason, they will not allow us to drive our car internationally even though we have already bought coverage for it. We are now unsure what to do because we really can't push our vacation back anymore…
U
Anonymous
Apr 23, 2015
May or may not recommend
Harris Bank is extremely difficult to deal with! I can't make a payment online because they haven't sent me a PIN. But I also cant pay over the phone because my cell does not work with their system. I don't have a payment booklet, so I wrote a check and found out way after that it was not properly applied. Very frustrating.
Showing 18 of 18 reviews