Important Notice: Proper Endorsement on Escrow Checks Required

Escrow refund checks are made payable to both you (the mortgagor) and your municipality. These checks must be endorsed by you and then presented to the municipality for processing.
Attempts to deposit these checks without proper endorsement will not be accepted.

For instructions on handling tax overages, please contact your municipality directly.

Buckle Up!

PyraMax Bank’s car loans are equipped with custom term options and a speedy application process. Term options range anywhere from 2 to 6 years, depending on the age of the vehicle. We also offer pre-approvals. With our car loans, you can avoid closing costs and make a down payment as low as 10%.

Car Loan Details

  • Term: 2 to 6 years
  • Loan limits: 90% of the Kelley Blue Book (KBB) value or 90% of the purchase price (whichever is lower)
  • Payments: monthly
  • Automatic payments: available
  • Title: DMV documentation will be provided on vehicles purchased from a dealer; same documentation must be presented and signed by seller for private purchases

New & Used Vehicle Loan Features

  • Monthly payment options: customized to fit your budget
  • Interest rate: fixed (interest rate may vary from the stated rates based on credit approval)
  • Payment date: choose a date that fits your schedule
  • Down payment: subject to credit approval

Car Loan Rates

New and used auto loan rates table
Model Year Loan Term APR*
New 24 - 36 months 7.75% - 8.00%
New 48 months 8.00% - 8.25%
New 60 months 8.25% - 8.50%
New 72 months 8.50% - 8.75%
Up to 4 Years Old 24 - 36 months 8.00% - 8.25%
Up to 4 Years Old 48 months 8.25% - 8.50%
Up to 4 Years Old 60 months 8.50% - 8.75%
Up to 5 Years Old 24 - 36 months 8.25% - 8.50%
Up to 5 Years Old 48 months 8.50% - 8.75%
Up to 5 Years Old 60 months 8.75% - 9.00%
6 Years Old 24 - 36 months 9.25% - 9.50%
6 Years Old 48 months 9.75% - 10.00%

Loan Calculator

What You Will Need for a Car Loan

  • Most recent W-2s
  • Most recent paystub
  • Copy of driver’s license or ID
  • Last two years of tax returns (if self-employed or own rental property)
  • Current awards letter from Social Security (if applicable)
  • Proof of pension or retirement income (if applicable)
  • 1099 forms (if applicable)