Mercantile Vehicle Loans

You've been thinking about the right car but have you thought about the right loan?

Whether you want a brand new car or truck or a used one that is new to you, Mercantile Bank can help you go from "in the bank" to "on the road" in as little as 60 minutes*!  We offer competitive financing, a quick and easy application process, and great service.

Get Your Auto Loan in 3 Easy Steps:

  • Apply at any Mercantile location or online
  • Get approved in as little as one hour*
  • Head to the dealer and drive away in your new vehicle

Use the Auto Loan Calculator to estimate your monthly payments or call or visit any Mercantile location to learn more and to apply today.

*Loan applications are reviewed by our lending professionals, not an automated system. Applications may be approved in as little as one hour when completed application is received during business hours.

Current Auto Loan Rates

Up to 72 months financing available on 2019 model years and newer with a maximum mileage of 75,000. 

Year Term APR*
2021-2019 36 3.85%
  48 4.00%
  60 4.10%
  72 4.50%
2018-2017 36 4.50%
  48 4.75%
  60 5.05%
2016-2015 36 5.50%
  48 5.85%
2014-2012 36 6.60%
2011 & Older 36 6.95%

*Annual Percentage Rate is effective 1/1/21 for new loans to qualified borrowers with credit scores of 760+ Trans Union.  Other rates and terms available.  Refinances do not qualify. Rates and terms may change without further notice. Retail customers only.