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Additional products you may be interested in |
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To get a Sovereign Bank automobile loan, you must reside in MA, RI, CT, NH, NJ, PA, NY, MD, DE, or VA and must have or must open a Sovereign deposit account. If you have or open a Sovereign checking or money market savings account and authorize automatic payment from that account, your interest rate will be reduced by .25 percentage points. Minimum loan amount is $5,000. Maximum loan amount is $75,000. Loans are available to finance up to 100% of the value of the vehicle offered as collateral. The monthly payment amount on a $25,000 loan secured by a new vehicle with a 60-month term and 3.75% APR is $457.60. Terms and conditions are accurate as of July 1, 2010, and are subject to change thereafter. All applications are subject to credit approval. |
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2009-2010 vehicles with 5,000 miles or more are considered used. Subject to credit approval, Sovereign Bank will also make loans secured by vehicles having model years from 2003 to 2008. |
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Your privacy is important to us. This section of our Website is not secure, so please do not submit any information you consider confidential such as Social Security Number or Account Numbers. Please include name, address, and telephone number so we may respond to you. |
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Equal Housing Lender - Member FDIC
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