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$10,000
Min. Loan Amount
Min. Loan Amount | $10,000 |
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Interest Rate Type | Fixed |
Requirements | Live in an eligible state, 18+ years old, US citizen or permanent resident Fees — $75 processing fee |
Review by
Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.
BMO Harris Bank offers rates as low as 5.3% on a $10,000 auto loan, and a range of payment options to help you make timely payments every month. People with good to excellent credit scores of 670 or higher have a better chance of getting approved, and it can help to have an existing banking relationship with BMO Harris.
Financing for both used models from 2013 on and new models are available. APRs are based on a number of factors including the model year you’re buying, your credit qualifications and the loan amount.
But BMO Harris Bank only offers loans where it has branch locations in eight states, and there’s no online application or prequalification available. You’ll also be charged a loan processing fee of $75 that’s included in the APR.
Live outside BMO Harris’s footprint or want to score a lower rate? Use our table to compare more auto loan options and get the best financing for your new ride.
You must meet the following basic requirements to be eligible for a BMO Harris Bank auto loan:
BMO Harris also looks at your income and debt-to-income ratio when considering your eligibility for an auto loan.
You can currently only get a loan from BMO Harris in eight states.
BMO Harris Bank offers several auto loans, plus loans for motorcycles, RVs and boats.
Besides offering competitive rates and terms to choose from, BMO Harris offers several other perks worth considering.
As with most lenders, there are a few things BMO Harris Bank could do better.
BBB accredited | Yes |
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BBB rating | A+ |
BBB customer reviews | 1.1 out of 5 stars, based on 73 customer reviews |
BBB customer complaints | 219 customer complaints |
App Store Score | 4.7 out of 5 stars, based on 22,238 customer reviews |
Google Play Score | 4.4 out of 5 stars, based on 4,871 customer reviews |
Customer reviews verified as of | 19 October 2020 |
As of October 2020, BMO Harris Bank receives exclusively negative customer reviews on its Better Business Bureau (BBB), save for one positive one from March of 2018. Auto loans aren't brought up much, but when they are customers complain of troubles making payments, lack of an online banking and fees associated with payments.
You have to visit a BMO Harris Bank branch office to apply for a car loan. Follow these steps to find your nearest branch:
Click Call location to make an appointment
While BMO Harris doesn't list the required documents on its website, you can expect to need at least the following:
BMO Harris Bank offers a range of payment options. If you set up a checking account, you can qualify for a 0.25% rate discount when you opt for autopay.
Taking out an auto loan is a big decision and should be made carefully. Read our guide to car loans to make sure you’re getting the very best deal.