Bank · FDIC insured
BankFive Auto Loan Rates
BankFive auto loans start at 7.75% APR for a new vehicle and 7.75% for a used one. Rates checked October 15, 2026.
How BankFive’s auto loan rates compare
Compared with banks and credit unions near Providence, RI-MA, where BankFive has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
BankFive
7.75%APR
- Terms
- up to 60 months
Auto Loans
Lowest rate
Shoreham Bank
3.99%APR
- Terms
- up to 78 months
2nd-lowest rate
St. Anthony of Padua FCU
3.99%APR
- Terms
- up to 72 months
BankFive auto loan score
61
Auto loan score
Higher than 3% of U.S. banks and credit unions
- New vehicleNew7.75%
- Used vehicleUsed7.75%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where BankFive ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the bank’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Auto Loans
Available to residents of Massachusetts and Rhode Island for purchases or refinances of new or used vehicles (cars, trucks, SUVs, vans). Minimum FICO score is 680 and maximum debt-to-income (DTI) ratio is 40%, based on net income. Subject to credit approval. Fees may apply. No prepayment penalties. Terms up to 6 years (72 months).
| Terms | APR | Conditions |
|---|---|---|
| up to 12 months | 7.50% | Used vehicles (2018 - 2023 models) with 10% down payment. Monthly payment is $86.76 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 24 months | 7.50% | Used vehicles (2018 - 2023 models) with 10% down payment. Monthly payment is $45.00 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 36 months | 7.50% | Used vehicles (2018 - 2023 models) with 10% down payment. Monthly payment is $31.11 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 48 months | 7.75% | Used vehicles (2018 - 2023 models) with 10% down payment. Monthly payment is $24.30 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 60 months | 8.00% | Used vehicles (2018 - 2023 models) with 10% down payment. Monthly payment is $20.28 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 72 months | 8.25% | Used vehicles (2018 - 2023 models) with 10% down payment. Monthly payment is $17.66 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 12 months | 7.25% | New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $86.64 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 24 months | 7.25% | New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $44.89 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 36 months | 7.25% | New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $30.99 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 48 months | 7.50% | New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $24.18 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 60 months | 7.75% | New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $20.16 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
| up to 72 months | 8.00% | New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $17.53 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction). |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.