Auto Loans
Whether you are buying a new or used car, a South Side Bank auto loan can provide you with all the benefits to make buying that car as easy and enjoyable as possible. We offer competitive rates and terms. Our fast and efficient service can place you in your new auto within 24 hours.
Need to know the value of your current auto, RV, or boat or the one you wish to purchase? Click on the NADA guides icon below.
Rates as of Thursday, February 2, 2012 |
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| Product Description | Interest Rate as Low as | APR* as Low as | Payment per $1,000 |
| New Auto Loans | |||
| 60 Months | 2.500% | 2.641% | $17.75 |
| 72 Months | 2.750% | 2.869% | $15.08 |
| Used Auto Loans | |||
| 2011 & 2010, 60 months | 2.900% | 3.042% | $17.92 |
| 2011 & 2010, 72 months | 3.150% | 3.269% | $15.26 |
| 2009 & 2008, 60 months | 3.100% | 3.242% | $18.01 |
| 2007 & 2006, 48 months | 3.500% | 3.676% | $22.36 |
| 2005 & Older, 36 months | 4.000% | 4.233% | $29.52 |
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Annual Percentage Rate (APR)*
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*Fixed APR current as of date displayed. Your final rate/APR can sometimes be different than what you see on the southsidebank.com website and there are specific reasons. The “as low as” rates/APR’s listed on our website are assuming excellent credit history. The final contract rate you receive after you have completed your application is calculated according to: Your Credit Rating, Loan Terms (number of months) and Type of Purchase (new, used). The final APR you receive is calculated the same as your contract rate but includes a loan origination fee of $50.00 and Vendor Single Interest fee of $20.00. Assume you will borrow $19,930.00 and there is a $70.00 prepaid finance charge for a total loan of $20,000.00. The calculated APR on a 5-year loan with an interest rate of 2.50% would be 2.641% with payments of $354.95.
For more information regarding auto loans please click here to contact the branch closest to you.
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