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Cambridgeport Bank makes it easy and convenient for customers to shop worry free for an automobile. Our Automobile Loan program offers many features to quickly and easily secure a loan to purchase a new or used vehicle.
FEATURES
- Easy application process via telephone, or in person
- 24-hour response on loan application during business banking hours
- No pre-payment penalties
- Convenient disbursement at any one of our 11 branch locations
- Sign up for automatic loan payments from one of our checking or savings accounts and get an interest rate reduction on your auto loan
LOAN
TERMS
- Multiple loan terms available
FINANCING
GUIDELINES
- 90% financing of verified purchase price for a new car
- 80% financing of verified purchase price or book value (whichever is lower) for a used car
- Minimum Loan Amount is $1000.00
- Terms for Used Auto Loans when the car is not purchased from a dealership may differ from those stated above.
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