Auto Loan

An automobile might be a necessity for some people. In places where there are no public transit, an auto is essential. FSP Bank will seek to provide consumers with an auto loan that they can afford, and hopefully a rate that they can budget into their lives. No auto loan will be given for amounts more than 6 months income. Therefore, if a consumer earns a monthly rate of $2,000 – the auto loan will not be more than $12,000. This is to keep the rate manageable for the consumer. It will mean less loans, but FSP Bank is committed to fair banking, and will not do predatory practices with their loans. Base rate for car loans will be 2.5%