Assumptions & Examples

⁺Auto Loans — Digital Loan Application Through Online Banking

*APR is the Annual Percentage Rate. APRs quoted assume excellent borrower credit history and reflect a .25% discount for auto-debit of the monthly payment from any bank account. We will set your APR based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria. Rates, terms and conditions subject to change without notice. Lending area and other restrictions apply.

A representative example of payment terms are as follows: 

A loan amount of $35,000 with an APR of 1.49% and a term of 60 mos would have a monthly payment of $605.69. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum auto loan amount $5,000.

¹Subject to borrower meeting pre-established and other lending criteria and either receiving a pre-approved offer or submitting a pre-qualification request through online banking. 

²Preapproved offers are available to existing Broadway Bank customers who initiate an application through online banking to qualify for and close their loan for either the purchase of a new or used vehicle from an authorized dealer ⁴ or refinance of a new or used vehicle with an existing trade line reported by a credit bureau. No private party sales, cash back refinancing or lease buyouts will be financed through this program. 

³Taking advantage of the 60 day payment deferral offer extends the term of your loan. Interest will continue to accrue on the unpaid balance during the deferral period.

⁴Purchase from a Dealer - The digital lending program for auto purchase transactions is available for purchases from authorized new car franchise dealers only. If the dealer does not meet our program guidelines, we reserve the right to deny funding. To discuss approval of a dealer, call 210-283-LEND (5363) option 1. Participating dealers must cooperate by providing timely information about the vehicle, its cost and where to send loan proceeds, and timely assistance to ensure our security interest will be recorded on the vehicle’s certificate of title. Not available on business loans or vehicles. 

⁵New/Used Vehicle: The bank offers auto loans for new, used or refinancing. The vehicle may be new or titled but cannot be more than 10 model years old.

**Auto Loans — Web, Phone or In-Person Not Processed Digitally Through Online Banking

*APR is the Annual Percentage Rate. APRs quoted assume excellent borrower credit history and reflect a .25% discount for auto-debit of the monthly payment from a Broadway Bank account and are for loan amounts greater than $10,000.  Rate add on of 1% for loan amounts less than $10,000. Additional rate discount of 025% for Military customers available. We will set your APR based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria. Rates, terms and conditions subject to change without notice. Lending area and other restrictions apply.

³Taking advantage of the 60 day payment deferral offer extends the term of your loan. Interest will continue to accrue on the unpaid balance during the deferral period. 

⁶New/Used Vehicle: The bank offers auto loans for new, used and refinancing. The vehicle may be new or titled but cannot be more than 5 model years old. 

⁷Used Vehicle: The bank offers auto loans for the purchase of refinancing of used vehicles. The vehicle cannot be more than 6-10 model years old. 

A representative example of payment terms are as follows: 

New / Used Vehicle

A loan amount of $35,000 with an APR of 1.49% and a term of 36 mos would have a monthly payment of $994.72. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum auto loan amount $5,000. 

Used Vehicle

A loan amount of $25,000 with an APR of 1.49% and a term of 48 mos would have a monthly payment of $536.83. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum auto loan amount $5,000.