Save up to $244 with a First Merchants Bank auto loan1
First Merchants Bank's rate for a
$30,000 auto loan beats the Rensselaer, IN average
by up to
10%
earning a Datatrac Great Rate Award and saving you as much as $580 over the life of the loan.
Select Type
First Merchants Bank - New Auto - 36 Mo
7.99% APR2
Rensselaer, IN Market Average - New Auto - 36 Mo
8.48% APR2
Hours & Disclosures
About Datatrac
Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees and product features for over 25 years on more than 320,657 financial institutions locations in America. Datatrac Great Rate Awards certify that deposit and loan rates outperform the market average for comparable products. www.datatrac.net
- $244 is the difference between the amount paid in interest between First Merchants Bank's rate at 7.99% APR compared to 8.48% APR for the Rensselaer, IN market average over the life of a $30,000 auto loan over 36 months.
- APR=Annual Percentage Rate. Datatrac’s comprehensive, unbiased research and analysis is updated each
business day and is conducted independent of any financial institution. There is no guarantee that you will receive the rates or terms displayed herein. Actual rates and terms are in the full discretion of the financial institution and are subject to your credit rating and other factors. Please contact First Merchants Bank directly with any questions regarding their current rates and terms.
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