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Motorcycle Loans

Motorcycle

Harford Bank has affordable motorcycle loans.

These loans are designed to help the motorcycle enthusiast to achieve their dream. Applying for a loan is simple and easy.

Product Features
  • Affordable fixed interest rates, terms and payments
  • Purchase a new or used motorcycle
  • Refinance your current motorcycle loan to a lower rate to save money
  • Variety of loan terms with competitive pricing are available
  • Quick loan closings

All Rates are expressed in Annual Percentage Rate [APR].

Motorcycle Loan Rates

New Motorcycle Rates

Term Automatic Payment Interest Rate* Standard Interest Rate
 2017 Model Up to 36 Months 6.50% 6.75%
  37 to 48 Months 6.75% 7.00%
  49 to 60 Months 7.00% 7.25%

 

Used Motorcycle Rates

Term Automatic Payment Interest Rate* Standard Interest Rate
 2016 thru 2014 Models Up to 48 Months 7.50% 7.75%
 2013 – 2010 Models Up to 36 Months 7.75% 8.00%

*Automatic Payments:  To qualify for the Automatic Payment Interest Rate, you must have the monthly payments automatically transferred from a deposit account that you maintain with Harford Bank.

For new motorcycle loans, the Annual Percentage Rate is computed based on a $15,000 loan made for the maximum term available. For used motorcycle loans, the APR is computed based on a $10,000 loan made for the maximum term available. The APR will be different for a different loan amount and/or term.

Automatic Payment Interest Rate payment examples

Based on a new motorcycle loan amount of $15,000 and a term of 36 months, the monthly payment is $459.70; a $15,000 loan for 48 months would have a monthly payment of $357.44; a $15,000 loan for 60 months would have a monthly payment of $297.01

Based on a 2016-2014 model used motorcycle loan amount of $10,000 and a term of 48 months, the monthly payment is $241.78.

Based on a 2013-2010 model used motorcycle loan amount of $10,000 and a term of 36 months, the monthly payment is $312.19.

Standard Interest Rate payment examples

Based on a new motorcycle loan amount of $15,000 and a term of 36 months, the monthly payment is $461.41; a $15,000 loan for 48 months would have a monthly payment of $359.18; a $15,000 loan for 60 months would have a monthly payment of $298.78.

Based on a 2016-2014 model used motorcycle loan amount of $10,000 and a term of 48 months, the monthly payment is $242.95.

Based on a 2013-2010 model used motorcycle loan amount of $10,000 and a term of 36 months, the monthly payment is $313.34.

10% down payment is required on all new and used motorcycle loans. Terms and rates are subject to change without notice and other conditions may apply.

Visit any branch or call 410-942-4000

 

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