Good Grades Loan

Good grades do pay off at Farmers Bank of Northern Missouri!


Are you age 15-18 and thinking about a car purchase?
Good grades do pay off at Farmers Bank of Northern Missouri
Find the car that you want, then come and talk to us.

Bring your grade card or transcript, and we will deduct your grade point average from a base car rate to establish your loan rate.

Example: .........................................Base car rate 7.5%
..........................................Your grade point avg. -3.50%
...........................................................Your loan rate 4.00% APR*

*APR=Annual Percentage Rate - Example: A loan for 36 months with a beginning balance of $5000.00 at 4.00% APR will have payments of $147.62 per month. Please contact a loan officer for more information.

The following conditions apply:

  • You must be 15 to 18 years of age
  • You must reside in one of the following counties: Putnam, Mercer, Grundy, Harrison, Daviess in Missouri or Appanoose, Wayne, or Decatur counties in Iowa
  • You must have a qualified applicant with you, unless you are 18 and credit worthy
  • Length of loan will be based upon age of vehicle and mileage
  • Grades based on an 11 point scale will be converted to a 4.0 scale
  • Subject to normal bank underwriting
  • This promotion may be changed or terminated at the bank's discretion
  • First-time car buyers only

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