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Vehicle Loans

We’re here to help whenever you decide to buy new, used or just want to refinance the car loan you have now. 

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car icon with dollar sign behind itWhat is a car loan?

An auto loan allows you to purchase the vehicle you want– car, truck, SUV, it doesn’t matter – by using the vehicle you’re buying as collateral on a loan. You receive a lump sum that’s repaid in installments that include interest payments. Looking to unleash your adventurous side? A recreational vehicle loan may be right for you.

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With a Midland States Bank car loan, you’ll get:

• Low, competitive rates on new or used car purchases or auto loan refinancing


• Quick credit decisions, no fees applied


• No down payment required

• Flexible terms that provide a monthly payment that works for your budget


• Easily manage your car loan online with online banking


• No prepayment penalty if you pay off your loan early

How can you use the money from your car loan?

Buy a New Car:

Auto loans for new cars let you get that dream car you’ve always wanted. Use our affordable new car loans to buy the vehicle you need, the off-road powerhouse you’re waiting to own, or that all-electric car that lets you give back to the environment. We’re here to help you find what works for you.

Buy a Used Car:

Used car loans allow you to save some cash by skipping the high cost of a new car. It’s possible to get car financing for anything that has appraisable value, on a lot or not. 

Refinance Your Current Car Loan:

In a loan that’s too expensive? Stop overpaying each month. When you refinance car loan terms, you get a monthly payment that fits your budget better, giving you room to breathe.

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Benefits of a Car Loan

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Get pre-approved

Check in with us before you head to the lot. Get a loan in place so you’re pulling the punches with the dealership salespeople. That’s empowering.

Apply for Pre-Approval

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Automatic Payments

Don’t think about your vehicle loan every month. Set-up automatic payments. Auto payments can be done directly through online banking.

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Get money quickly

Get quick access to funds when you partner with car loan specialists at Midland States Bank who work hard to get you the funds you need, when you need them.

Start an Application


When you apply with us, we’ll give you car financing options based on several criteria, including your credit, income, and the car’s value.

Estimating car payments takes a few minutes with our team. We’re happy to dig into some numbers and calculate the best possible monthly payment for your needs.

We can help you apply and get approval for your auto financing in one day, in most cases. If you’ve found the car of your dreams, let’s get moving to set up the loan for you today.

This is a trick you’ll love. When you go into the dealership with a loan in your pocket, you’re ready to buy, the dealer knows it, and you can negotiate with better ability. End result? Saving money.

If you’re paying too much each month, it’s time to refinance. Did your credit score improve since you took out the loan? Are you ready to get rid of the cosigner? Need better terms? We can help you. We provide recreational vehicle refinancing options as well.

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How To Get Started

Start your application online for a Midland States Bank Vehicle Loan and get quick access to funds once approved! Prefer an in-person touch? We’re here to help. Schedule an appointment at a branch near you.

Credit score will be affected if Midland States Bank needs to run credit for loan approval.


Interested in Learning More?
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