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Auto Loans

Your road to success begins here!

Apply Now!


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, email us at intouch@banknewport.com or call at 401.846.3400 or 800.234.8586 for more information.

Auto Loans


New Automobiles

Product

Term

APR*

Minimum Loan Amount

Monthly Payment Amount

Additional Requirements

2014 & 2013

36 months

4.00%

$3,000

$88.57

10% Down Payment; Subject to collateral value determination in accordance with industry standards

2014 & 2013

48 months

4.25%

$3,000

$68.07

10% Down Payment; Subject to collateral value determination in accordance with industry standards

2014 & 2013

60 months

4.50%

$3,000

$55.93

10% Down Payment; Subject to collateral value determination in accordance with industry standards

2014 & 2013

72 months

5.00%

$3,000

$48.32

10% Down Payment; Subject to collateral value determination in accordance with industry standards

 

Used Automobiles

Product

Term

APR*

Minimum Loan Amount

Monthly Payment Amount

Additional Requirements

2012 to 2008

36 months

4.50%

$3,000

$89.24

20% Down Payment; Subject to collateral value determination in accordance with industry standards

2012 to 2008

48 months

4.75%

$3,000

$68.75

20% Down Payment; Subject to collateral value determination in accordance with industry standards

 

2012 to 2008

60 months

5.00%

$3,000

$56.61

20% Down Payment; Subject to collateral value determination in accordance with industry standards

The annual percentage rate (APR) is accurate as of: April 16, 2014

* 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. Annual Percentage Rate subject to change without notice. Other terms and rates are available. Subject to credit approval.