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?

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 7.75%
..........................................Your grade point avg. -3.50%
....................................................... Your loan rate 4.25% APR*

*APR=Annual Percentage Rate
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.

Online Banking Login