Auto / Personal Loans

Drive home in a new or used car with an auto loan from Magyar Bank!


New Automobiles

Rates as of Monday, September 17, 2018

APR
New Automobile Loan 1 Year term (12 Months)
4.750%
New Automobile Loan 2 Year term (24 Months)
4.750%
New Automobile Loan 3 Year term (36 Months)
5.250%
New Automobile Loan 4 Year term (48 Months)
5.750%
New Automobile Loan 5 Year term (60 Months)
5.750%

Down Payments New: 10% of purchase price including sales tax.

New= 2011 and 2010 with less than 100 miles from licensed auto dealer. Can be leftover, but must have never been titled, no mileage, and previous model year only.

Down Payments Used: 20% of purchase price including sales tax. Amount financed cannot exceed NADA retail value.

Used=2010, 2009, and 2008 only. Demo models will be considered as used auto

Maximum loan amount: $75,000 New or Used.

Rates Effective 01/19/2011

Used Automobiles

Rates as of Monday, September 17, 2018

APR
Used Automobile 1 Year term (12 Months)
5.250%
Used Automobile 2 Year term (24 Months)
5.250%
Used Automobile 3 Year term (36 Months)
5.500%
Used Automobile 4 Year term (48 Months)
5.750%
Used Automobile 5 Year term (60 Months)
5.750%
Down Payments New: 10% of purchase price including sales tax.

New= 2011 and 2010 with less than 100 miles from licensed auto dealer. Can be leftover, but must have never been titled, no mileage, and previous model year only.

Down Payments Used: 20% of purchase price including sales tax. Amount financed cannot exceed NADA retail value.

Used=2010, 2009, and 2008 only. Demo models will be considered as used auto

Maximum loan amount: $75,000 New or Used.

Rates Effective 01/19/2011

Personal Unsecured Loans

Rates as of Monday, September 17, 2018

APR
Personal Loan 1 Year
14.500%
Personal Loan 2 Years
14.500%
Personal Loan 3 Years
14.500%
Personal Loan 4 Years
14.500%
All loans subject to credit approval