Why finance your auto purchase with NBM?

Superior customer service

We service your auto loan through its entirety. We’re just a quick phone call away, or you can come in and see us if you have any questions.

Automatic payments

Set it and forget it! You can set up automatic payments from your NBM account or from an account at another financial institution.

Competitive rates

See for yourself! Check out our Auto loan rates below.

New auto or recreational vehicle loans

  • Add 0.50 % to all interest rates without automatic payment.
  • Up to 100% financing on new automobiles.
  • Up to 75% financing on new recreational vehicles.
Rates accurate as of 07/01/2024 and may change at any time.
Term Minimum and Maximum Auto Payment Annual Percentage Rate Monthly Payment per $1000
New – up to 5 year term < $25,000 7.195% to 8.697% $19.85 to $20.57
New – up to 6 year term ≥ $25,000 – $50,000 7.381% to 8.882% $17.20 to $17.93
New – up to 7 year term > $50,000 7.336% to 8.837% $15.24 to $15.99

Used auto or recreational vehicle loans

  • Add 1% to the interest rate if the vehicle is older than 2014.
  • Add 0.50 % to all interest rates without automatic payment.
  • Up to 80% financing on used automobiles.
  • Up to 75% financing on used recreational vehicles. Percent financed based on bank’s valuation method
  • *APY = Annual Percentage Yield
Rates accurate as of 06/03/2024 and may change at any time.
Term Minimum and Maximum Auto Payment Annual Percentage Rate Monthly Payment per $1000
Used – up to 4 year term (term may be limited based on loan size and/or age of collateral) ≥ $5,000 8.273% to 9.779% $24.27 to $24.98

The current rates and Annual Percentage Rates (APRs) shown above indicate the range of interest rates and APRs associated with our risk-based pricing policy. The interest rate and APR applicable to an individual applicant’s loan will be determined based on the applicant’s TransUnion (Empirica) credit score. In the case of multiple applicants for the same loan, the interest rate and APR will be determined based on the highest TransUnion (Empirica) credit score of the applicants. Please contact a lender to determine the rate for which you qualify and for a full description of loan terms and conditions.

Rates and Programs are subject to change without notice. Other loan products are available and the Annual Percentage Rate may be different when based on different terms and conditions. For more information, please contact us.

Ready to take the next step?

Fill out an application online or call us at 1-877-508-8455 to learn more.

apply now

Convenient ways to pay your NBM loan

Online Banking
Within our Online Banking, you can transfer money from your deposit account to pay your loan online. Or, you can set up recurring payments. Current Online Banking users: Log in here to pay your loan. Not yet enrolled? Enroll now.

Recurring automated funds transfer
With this service, you can set up a monthly payment of your loan that will be automatically withdrawn from your deposit account on a date you choose. Visit any NBM location, call 877-508-8455 for assistance or submit this secure form: Recurring Loan Payment Transfer to set up recurring payments.

Recurring automated funds transfer from another institution
With this service, you can set up a monthly payment of your loan that will be automatically withdrawn from your deposit account at another institution on a date you choose. Visit any NBM location, call 877-508-8455 for assistance or submit this secure form: Recurring Loan Payment Non-NBM Account Transfer to set up recurring fund transfers.

One-time payment for non-deposit account customer
Make a one-time payment withdrawn from your deposit account at another financial institution by submitting this secure form: One Time Payment Non-NBM Account Transfer.

In person
You can make a payment by cash or check at any of our branch locations with a teller or at an ATM.

By mail
You can mail us a check to pay your loan. Just write your loan account number on the memo line and then mail it to:

National Bank of Middlebury
ATTN: Loan Department
PO Box 189
Middlebury, VT 05753-0189