Bank · FDIC insured
First Merchants Bank Auto Loan Rates
First Merchants Bank auto loans start at 6.49% APR for a new vehicle and 6.49% for a used one. Rates checked October 15, 2026.
How First Merchants Bank’s auto loan rates compare
Compared with banks and credit unions near Indianapolis, IN, where First Merchants Bank has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
First Merchants Bank
6.49%APR
- Terms
- up to 60 months
- Up to
- —
Car and Vehicle Loans
Lowest rate
Financial Center First
4.49%APR
- Terms
- —
- Up to
- —
2nd-lowest rate
Indiana Members Credit Union
4.49%APR
- Terms
- 36–84 months
- Up to
- 6.74% APR
First Merchants Bank auto loan score
63
Auto loan score
Higher than 10% of U.S. banks and credit unions
- New vehicleNew6.49%
- Used vehicleUsed6.49%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where First Merchants Bank 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.
Car and Vehicle Loans
Financing available for new and used/pre-owned cars, trucks, or refinancing on any year, make, or model. Loans are subject to credit approval; rates are based on credit scores, vehicle model year, and loan term. Refinancing of an existing First Merchant Bank auto loan requires $5,000 in new loan balance.
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 6.49% | 6.49% APR is based on 60-month term, 2022 or newer vehicle, with a minimum credit score of 740. Subject to credit approval; rates subject to change. |
Sources (2)
- firstmerchants.com/personal/borrowing/vehicle-loans
- firstmerchants.com/personal/bo…vehicle-loans/auto-loans
All captured Oct 5, 2026
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.