Established in 1943, the company's founder aims to provide help to local businesses in good times and in bad. It believes that helping the local communities strive will result in growth. Therefore, it is willing to provide service to its clients to achieve success.
It offers Simple Secured Loans that are less complicated, which includes an easy way of monthly repayments with low-interest rates.
It considers an applicant's credit score an essential part of the loan application because personal credits are the basis for the loan approval. A higher credit score means a higher chance of being approved.
The amount that can be borrowed starts at $2,500, which a client may use to purchase a new or used vehicle.
The following vehicles are eligible for financing:
An applicant is qualified to apply for an auto loan if he/she is living in any of the following states: Wisconsin and Minnesota.
It requires the applicants to have personal identification documents like a driver's license for the vehicle loan application.
There is no information about fees; thus, the client must communicate it to a personal banker.
The website does not indicate the whole duration of the vehicle loan process.
The applicants may apply by connecting to a personal banker online, locating the nearest bank, or calling 800-9080-2265.
It can provide payments through an automatic deduction from the client's savings account, or the client may choose from the following payment methods.
Bremer Bank provides less complicated auto loan deals to its clients. It gives an easy process to get a client to purchase his/her new or used vehicle. It also provides its clients with the flexibility to have control over their finances. Furthermore, low rates and easy repayments are some of the features of its auto loans. On the contrary, applicants with low credit scores can be disapproved of acquiring an auto loan, and it only serves people residing in three specific states.
On the other hand, another lender that also aims to provide quality and efficient services to its clients and meets what the former lender lacks, and it's called the Consumer Credit Union. Applicants of its auto loans do not need to worry about their low credit scores because as long as they meet its minimum credit score, they can proceed with its loan process. It has rates as low as 2.99% and has a maximum term of 88 months, depending on the loan type. Lastly, its services are available to 50 states.
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