Motor Vehicle Loan
Get that new or previously owned car or motorcycle with our great financing options.
Benefits
Skip Benefits bullets/links- Fixed rate for the term of the loan
- Personalized MB service
- Deduct 0.25% from the listed interest rate when you create an automatic payment from an MB checking account
Loan Details
Skip Loan details bullets/links- A one-time $50 processing fee charged at loan closing
- The vehicle needs to be 6 years old or less to qualify
- The minimum loan amount is $2,500
- There is a 100,000 mile maximum for cars
What's next?
Auto Secured Loan
The following rates are effective as of January 2, 2012. Rates are subject to change without notice and may vary depending on credit qualifications.
| Year | Term | Interest Rate | Current Annual Percentage Rate (APR)* | Estimated payments* |
|---|---|---|---|---|
| New - 95% of total purchase price (excluding extended warranty) | ||||
| 2012/2011 | 12 - 60 months or less | 6.00% | 6.21% | 60 months / $193.34 |
| Used - 80% of total purchase price not exceeding average NADA book finance value | ||||
| 2010 | 12 - 60 months or less | 6.00% | 6.21% | 60 months / $193.34 |
| 2009 | 12 - 60 months or less | 6.00% | 6.21% | 60 months / $193.34 |
* Based on $10,000 loan amount for the given term and a $50.00 processing fee. Minimum loan amount $2,500.00
The Annual Percentage Rates (APRs) reflect a financed $50 processing fee included in each loan. For new vehicle loans (2012/2011 cars, trucks, or vans) MB Financial Bank will finance up to 95% of the total purchase price (excluding any extended warranty). For used autos (2010/2009 cars, trucks, vans) MB Financial Bank will finance up to 80% of total purchase price not exceeding average NADA Book finance value, minimum loan amount is $2,500 (see above). APR is based on a financed $50 processing fee.
Deduct 0.25% from interest rate for above loans with automatic payment from an MB Financial Bank checking account.
Motorcycle Secured Loan
The following rates are effective as of January 2, 2012. Rates are subject to change without notice and may vary depending on credit qualifications.
| Year | Term | Interest Rate | Current Annual Percentage Rate (APR)** | Estimated payments** |
|---|---|---|---|---|
| New - 95% of total purchase price (excluding extended warranty) | ||||
| 2012/2011 | 12 - 60 months | 7.25% | 7.47% | 60 months / $199.21 |
| Used - 80% of total purchase price not exceeding average NADA loan value | ||||
| 2009/2010 | 12 - 60 months | 7.25% | 7.47% | 60 months / $199.21 |
** Based on $10,000 loan amount for the given term and a $50.00 processing fee. Minimum loan amount $2,500.00
The Annual Percentage Rates (APRs) reflect a financed $50 processing fee included in each loan. For new motorcycle loans (2012/2011) MB Financial Bank will finance up to 95% of the total purchase price (excluding any extended warranty). For used motorcycles (2010/2009 cars, trucks, vans) MB Financial Bank will finance up to 80% of total purchase price not exceeding NADA loan value. Minimum loan amount is $2,500 (see above). APR is based on a financed $50 processing fee.
Deduct 0.25% from interest rate for above loans with automatic payment from an MB Financial Bank checking account.
What's next?
This product could be right for you if
You’re ready to purchase a car or motorcycle and need a great financing option.
Apply in person
Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you open your new MB account.
Please have the following information with you:
Skip Apply in person bullets/links- Exact make and model of vehicles
- Mileage for vehicles
- Copy of insurance card or agreement to provide comprehensive/collision insurance with loss payable clause in favor of the bank
- Valid identification is required at closing
Apply by phone
Give us a call at 1.888.i bank mb (1.888.422.6562) and we’ll walk you through the application process.
Speed up the application process
Make the application process even faster and easier when you give us your insurance information in advance.
Complete MB Insurance Submission Form
