Bank of Oklahoma offering $125 in Bonus Cash with New or Used Auto Loan

Bank of Oklahoma logoPurchasing a new or used car is not a financial goal most people can take on without the help of auto financing. The majority of banks and credit unions offer loans specifically for this purpose, and because the vehicle is used as collateral for the loan, the cost of borrowing to buy a new ride is low compared to unsecured loans or credit cards. Auto loans typically provide an extended repayment term, ranging from three to six years, making the monthly payment affordable for well-qualified borrowers. Although the financial institutions that offer auto loans are a dime a dozen, it is worth a buyer’s time to compare various lenders to ensure they are receiving the most beneficial loan.

Promotional Offer Details

Currently, The Bank of Oklahoma is offering a promotional cash back bonus for borrowers who are approved for an auto loan, now through July 14, 2017. Up to $125 bonus cash is available to individuals who finance a new or used vehicle with the bank, so long as the loan is at least $5,000. The Bank of Oklahoma does require a borrower to have a personal checking account in good standing at the time the cash bonus is awarded. So long as the application is approved, the $125 bonus is deposited into the primary borrower’s checking account held with the bank within 30 days after closing on the auto loan.

Each borrower listed on a new or used auto loan application will be evaluated based on credit history and score, income, and other factors deemed relevant by the Bank of Oklahoma. While new and used vehicles are eligible for the offer, the bank may impose limits on purchase price based on the fair market value of the vehicle.

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About Bank of Oklahoma

The Bank of Oklahoma is headquartered in Tulsa, and it has been serving communities throughout the state for more than a century. Banking customers have access to more than 50 full-service branch locations and a large network of ATMs. In addition to auto loans, Bank of Oklahoma offers personal and business deposit account, home and personal lending, and financial planning services.

Individuals interested in the bonus cash offer for new or used auto loans may gather more information or apply by visiting a Bank of Oklahoma branch location, contacting a customer service representative at 1-800-234-6181, or by visiting the bank online.

Posted on July 13, 2017 by in Automobiles,

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10/13/2017