Auto Loans
Current Rates - Effective Wednesday, November 19, 2008
All rates are accurate as of the effective date and are subject to change at any time.
| Age | Term | APR* | Advantage APR* |
| New Cars (20% down) | 12-60 months | 7.99% (1) | 6.99% (3) |
| Used Cars (25% down) | 12-60 months | 8.99% (2) | 7.99% (1) |
(1) 24 monthly payments of $45.22 for each $1,000 borrowed
(2) 24 monthly payments of $45.68 for each $1,000 borrowed
(3) 24 monthly payments of $44.77 for each $1,000 borrowed
Auto loan application process includes:
Dealer Sale - Copy of the purchase and sale agreement
Private Sale - Copy of the existing title
Insurance binder - Required at loan closing
*Annual Percentage Rate
Please submit proof of income, such as a recent paystub, or tax return, if self employed, with all applications.
Monthly Auto Pay is available from most Norwood Bank Accounts.
^Advantage Banking customers qualify for the Advantage APR. Click here to see if you qualify as an Advantage Banking Customer.
Rates are subject to change without notice.
Customers should contact a bank employee for further information concerning fees and terms applicable to the advertised account. All accounts are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and Share Insurance Fund (SIF).
