Good Grades Loan
Good Grades Loan Program Students, ages 15-18 may be eligible for special car loan rates.
Good grades do pay off at Farmers Bank of Northern Missouri!
Are you age 15-18 and thinking about a car purchase? Find the car you want, then come and talk to us.
How it works: Bring your grade card or transcript, and we will deduct your grade point average from a base car rate to establish your loan rate.
Please contact a loan officer for more information.
The following conditions apply:
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- Must be 15 to 18 years of age
- Must reside in one of the following counties: Putnam, Mercer, Grundy, Harrison, Daviess in Missouri, or Appanoose, Wayne or Decatur counties in Iowa
- 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
- Must be 15 to 18 years of age
Stop in at your local Farmers Bank, or give us a call to learn more about our Good Grades Loan Program!