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BankNewport Mobile Banking

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Auto Loans

The Road to Success Starts with the Right Loan

BankNewport offers automobile loans to help you purchase a car, or to refinance your existing car loan. Features include:

  • 0.25% rate reduction with automatic deduction from a BankNewport checking account
  • Terms up to 72 months on new auto loans
  • Financing available on models up to 6 years old

More important information on BankNewport auto loans:

  • Purchase & Sales Agreement required on purchase financing
  • Proof of Insurance required on all loans
  • No penalty for early payoff

Apply online or call us at 401.845.2265, or 877.709.2265 outside the Newport County area for more information.

New Automobile Loan Rates*

Model Years Terms APR Minimum Loan Amount Monthly Payment Amount Additional Requirements
2018-2019 36 Months 4.250% $3,000.00 $88.91 10% Down Payment; Subject to collateral value determination in accordance with industry standards
2018-2019 48 Months 4.500% $3,000.00 $68.41 10% Down Payment; Subject to collateral value determination in accordance with industry standards
2018-2019 60 Months 4.750% $3,000.00 $56.27 10% Down Payment; Subject to collateral value determination in accordance with industry standards
2018-2019 72 Months 5.250% $3,000.00 $48.66  10% Down Payment; Subject to collateral value determination in accordance with industry standards

The Annual Percentage Rate (APR) is accurate as of: December 11, 2019

Disclosures +

*Monthly payments are based on a loan amount of $3,000; Annual Percentage Rate reflects a .25% rate reduction for having monthly payment automatically deducted from a BankNewport checking account. Automatic payment is not a requirement to obtain a loan. APR subject to change without notice. Other terms and rates are available. Subject to credit approval.

Used Automobile Loan Rates*

Model Year Terms APR Minimum Loan Amount Monthly Payment Amount Additional Requirements
2013-2017 36 Months 4.750% $3,000.00 $89.58 20% Down; Subject to collateral value determination in accordance with industry standards
2013-2017 48 Months 5.000% $3,000.00 $69.09 20% Down; Subject to collateral value determination in accordance with industry standards
2013-2017 60 Months 5.250% $3,000.00 $56.96 20% Down; Subject to collateral value determination in accordance with industry standards

The Annual Percentage Rate (APR) is accurate as of: December 11, 2019

Disclosures +

*Monthly payments are based on a loan amount of $3,000; Annual Percentage Rate reflects a .25% rate reduction for having monthly payment automatically deducted from a BankNewport checking account. Automatic payment is not a requirement to obtain a loan. APR subject to change without notice. Other terms and rates are available. Subject to credit approval.