Auto Savings Loan
The Auto Loan that helps you build your savings! This hybrid loan features a low competitive fixed rate and allows you to set aside money for your future. Simply add a minimum of $25 to your loan payment and we’ll deposit it into a high-dividend certificate of deposit that will mature at the end of your loan term. Plus, you’ll have access to your savings, penalty-free, for vehicle repair costs.*
Make your Auto Savings Loan payment from your Heartland Checking account and we’ll drop your rate 0.25% APR. It’s a no-brainer – you’ll save money and won’t have to worry about remembering to make your monthly payment.
- Same low competitive rate on new and used auto
- Variety of loan terms – from two to seven years (based on age of vehicle and loan amount)
- Competitive dividends paid monthly – you’ll earn the dividend rate equal to a Heartland 60 month Certificate of Deposit regardless of the term of your Auto Savings Loan
- An easy way to set aside money and earn a preimum rate
- Penalty-free withdrawals from your Certificate of Deposit for vehicle repairs*
- Option to adjust the amount deposited to your Certificate of Deposit anytime during your loan term ($25 minimum and $200 maximum)
- Automatic payments set up through ACH or a Pre-Authorized transfer from your Heartland Checking or Savings Account (required)
- 0.25% loan rate discount when payment is made automatically from your Heartland Checking
*Proof of repair is required. Withdrawal penalties for other purposes apply. See addendum from a Heartland Loan Officer or Financial Service Officer for complete product details and requirements.