Jump to Section

Advertiser Disclosure

Last Updated: 04/18/2025

BMO Harris Bank Auto Loan

in Auto Loans from BMO

Last Updated: 04/18/2025

Strongly not recommended18 total votes

2 users recommend

16 users don't recommend

Cast Your Vote

Get Competing Auto Loan Offers

Compare auto loan offers from multiple vetted lenders.

Discover your lowest eligible rate in minutes.

See how much you qualify for and what your monthly payment will be.

Get Personalized Rates

It's quick, easy, and won't hurt your credit score.

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 -- terms can 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 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.

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 of approval.

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

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.

From BMOHarris.com

Contact

Headquarters

320 S Canal St

Chicago, IL 60606

Visit Site