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If you’re looking for a new set of wheels, the MyState Bank Secured Car Loan can help you finance it for a competitive rate. You can apply for a loan amount of between $3,000 and $75,000 and repay it at a variable interest rate. Read on to find out if this loan is right for you.
$200
Application Fee
From 7.99% (variable)
Interest Rate (p.a.)
8.96%
Comparison Rate (p.a.)
$75,000
Max Loan Amount
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Product Name | MyState Bank Secured Car Loan (New up to 2 years) |
---|---|
Interest Rate (p.a.) | From 7.99% (variable) |
Comparison Rate (p.a.) | 8.96% |
Interest Rate Type | Variable |
Min Loan Amount | $3,000 |
Max Loan Amount | $75,000 |
Interest rates start at 7.99% p.a. for cars that are new and up to two years old and 9.49% p.a. for cars between two and seven years old. Depending on the loan amount, you can repay this loan over a maximum of 10 years.
Once you submit your application, MyState Bank will evaluate your financial situation to determine whether or not you can afford to repay the loan. An establishment fee of $200 will be charged for setting up the loan.
If you’re considering applying for the MyState Bank Secured Car Loan, you’ll be able to enjoy the following features:
Here are some of the fees you’ll be expected to pay:
You can apply for this loan online or make an appointment at a MyState Bank branch. You’ll need to meet the following eligibility criteria to apply:
You’ll also need the following to complete your application:
The amount for which you are approved as well as the interest rate charged both depend on your financial situation, so shop around for a loan product best suited to what you can afford.