Arvest Bank Offers Kansas City Residents Impressively Low Summer Loan Rates
With summer and warm weather fast approaching, people across the nation are likely thinking about hitting the road in a new car or taking advantage of the best recreational activities the season has to offer. Arvest Bank’s Summer Loan Sale has loan rates as low as 2.49% APR, which can be used toward your personal borrowing (and summer adventuring) needs.
Whether you’re in the market for a new car, truck, boat or recreational vehicle, Arvest Bank gears loan solutions toward the needs of local consumers. The sale’s low promotional rates can also help you finance your vacation or take out a smaller unsecured loan to make your 2014 summer goals possible.
Arvest Bank Summer Loan Sale Terms and Conditions
The lowest rate, 2.49% APR, is available for a 48-month term. For customers interested in longer terms and lower monthly payments, Arvest Bank also offers a 2.99% APR for 60 months and a 3.49% APR for 72-month terms. To help borrowers decide on the best term and rate for their finances, the bank also provides a number of useful online calculators.
These rates are limited to new loans with balances ranging between $5,000 and $150,000. However, if you have an existing loan with Arvest Bank, you could qualify for a refinance with the sale’s rates, as long as there is a 50 percent increase of your current loan balance or an addition of $5,000, whichever is greater.
All Arvest Bank loans are subject to credit approval and collateral restrictions could apply. In order to qualify for the promotional rates, consumers need to have a minimum credit score of 700.
The offer excludes all loans secured by real estate and transactions originated through Arvest Mortgage, and cannot be combined with any other offer. Those looking to purchase a new car for summer and take advantage of a low APR must do so by July 31, 2014, in order to lock in the sale’s rates.
How to Apply
To apply in person, you can visit one of the six branches in Kansas City, Mo. Residents can even apply online if purchasing or refinancing a vehicle. Online applications are directly sent to a loan officer and are normally reviewed by local community lenders within one business day.
Applicants will need to provide a name, current address, social security number or other government-issued identifying number, and a date of birth. Customers might additionally have to provide proof of identity with a valid driver’s license, passport, or other government-issued photo ID documenting evidence of nationality and residence.
About Arvest Bank
With total assets in excess of $14 billion, Arvest is the largest bank in Arkansas, ranked by deposits, and the largest bank in Oklahoma, ranked by number of locations. Since its 1961 origins as the Bank of Bentonville, Arvest Bank has grown to more than 260 branch locations across Oklahoma, Arkansas, Missouri and Kansas, always remaining true to its mission of superior customer service.
*This advertised 2.49% APR is available with 48-month terms for consumers with a credit score of at least 700. Arvest also offers a 2.99% APR for 60 months and 3.49% APR for 72-month terms. Eligible loan amounts range between $5,000 and $150,000. Advertised rates are available at all Arvest locations, but do not apply to real estate transactions. Offer valid June 1 through July 31, 2014. This offer cannot be combined with any others. Arvest Bank is a client of GOBankingRates.