FSB's Auto Loan Special
Buy Now. Pay Later.
Finance with FSB and make no payments for 60 days. Get a fixed-rate auto loan as low as 5.65% APR* for a new purchase, used vehicle, or refinance from another lender. New customers can also earn a $200 bonus** when you open a checking account with auto-pay.
Iowa Auto Loans with 60-Day Payment Delay
Keep More Money in Your Budget
When you finance your next vehicle with FSB, you can enjoy 60 days before your first payment is due.* Whether you are buying a newer vehicle or refinancing, this offer can help keep more money in your budget.
1
Buy or Refinance
Use the offer for a qualifying vehicle purchase or a refinance from another financial institution.
2
Make No Payments for 60 Days
Schedule your first payment 60 days out while interest continues to accrue.*
3
Earn a $200 Bonus
Eligible new customers can open an FSB checking account with auto-pay and earn $200.
Iowa Auto Loan Rates
Fixed Rates as Low as 5.65% APR
Qualified borrowers can get fixed auto loan rates as low as 5.65% APR for a qualifying vehicle purchase or refinance.*
Auto Loan Special
As Low As
5.65%* Annual Percentage Rate (APR)
Max Term: 72 months
Vehicle Years: 2023–2026
Minimum Loan: $10,000
Maximum LTV: 100%
Auto Loan Options That Fit Your Life
Auto Loan Refinancing in Iowa
Move Your Loan to a Local Lender
If your current auto loan is with another lender, refinancing with FSB could lower your rate or reduce your monthly payment. Our local lending team will review your current loan and walk you through whether refinancing makes sense for your situation.
Lower your rate. If rates have dropped or your credit has improved since your original loan, you may qualify for a lower APR.
Reduce your monthly payment. Extending your term or securing a better rate can free up room in your monthly budget.
Work with a local lender. Your refinance application is reviewed right here in Iowa by bankers who know your situation.
Iowa Auto Loans vs. Credit Unions
Why Drivers Choose FSB Over Credit Unions
A lower advertised rate can matter, but it is not the only thing that matters. Many borrowers choose FSB because they want fewer hoops to jump through, local guidance, and a lender they can actually reach after the loan closes.
More Than a Rate
Simple, Local, and Built Around Your Relationship
Credit unions may require you to qualify for membership before you can borrow. At FSB, anyone who meets the credit and income requirements can apply.
No Membership Required
Apply without joining an organization or opening a membership account.
Competitive Rates
Rates as low as 5.65% APR* backed by a bank that knows your name.
Flexible Terms
Loan terms up to 72 months, designed to fit your timeline and budget.
Local Relationships
When you have a question, you can reach a local team ready to help.
How to Finance a Car in Iowa
A Simpler Way to Get Behind the Wheel
FSB keeps the process Faster. Stronger. Better.® from application to funded loan. Our local lenders review every application in-house, so you work with someone who knows Iowa.
1
Apply online or visit any FSB branch in Marion, Cedar Rapids, Hiawatha, Alburnett, or Tiffin.
2
A local lender reviews your application and walks you through your options.
3
Once approved, we give you the financing details for the dealer so you can finalize your purchase with confidence.
Auto Loan Application Requirements
What You Need to Apply
Applying for an auto loan is simple. Having a few basic details ready can help your application move faster.
Social Security Number
Home Address
Employment InformationFSB made my car loan process easy. The team was incredibly helpful, and I couldn’t be happier with the experience.- Brenda D., Iowa Car Loan Borrower
FAQs for FSB Auto Loans
Get answers to common questions about financing your next vehicle with FSB in Iowa.
What is FSB's current auto loan rate?
FSB's promotional auto loan rate starts as low as 5.65% APR for qualifying vehicles with a credit score of 740 or above. Borrowers with a credit score of 690 to 739 qualify for a rate of 6.65% APR. Qualifying vehicles are model years 2023 through 2026. Terms up to 72 months are available. Automatic loan payments from an FSB checking account are required. A $25 lien notation fee applies. All loans subject to credit approval.
What vehicles qualify for the promotional rate?
The promotional rate applies to 2023, 2024, 2025, and 2026 model year vehicles. The loan must be for the purchase of a qualifying vehicle or the refinance of an existing auto loan from another financial institution. The minimum loan amount is $10,000 and the maximum loan-to-value is 100%.
Can I refinance my current auto loan with FSB?
Yes. If your current auto loan is with another lender, you may be eligible to refinance with FSB and qualify for the promotional rate. The same credit score and vehicle eligibility requirements apply. Subject to credit approval.
Are FSB's Auto Loans a fixed or variable rate?
FSB's Auto Loans are fixed-rate loans, offering consistent monthly payments throughout the life of the loan, so you always know what to expect.
A variable-rate auto loan is a loan where the interest rate can change over time, often based on market conditions or a benchmark rate. That means your monthly payment could go up or down during the term of the loan—making it harder to predict long-term costs.
Are FSB's Auto Loans secured or unsecured?
FSB's Auto Loans are secured loans, meaning the vehicle you purchase serves as collateral for the loan. If the loan isn’t repaid, the lender has the right to repossess the vehicle.
Because the loan is backed by a tangible asset, interest rates are typically lower than those on unsecured loans, which don’t require collateral and often carry higher risk for lenders.
This structure helps keep borrowing more affordable while providing a clear path to vehicle ownership.
How can I calculate my monthly payment for my auto loan?
The best way to calculate your monthly auto loan payment is to speak with an FSB banker, who can provide personalized guidance based on your unique situation.
However, for a quick estimate, you can use our free auto loan calculator to get an idea of your monthly payment.
When do auto loans fall off my credit report?
Auto loans typically remain on your credit report for approximately seven years from the date of the final payment or the date of default, depending on the loan’s status. For specific details about your credit report, it's best to consult with a credit reporting agency or an FSB Banker.
Can I refinance my existing auto loan with FSB?
Yes! FSB offers auto loan refinancing options that may help you secure a lower interest rate, reduce your monthly payments, or adjust your loan term.
To see if refinancing is the right move for you, speak with an FSB banker or use our refinancing calculator for a quick estimate.
Should I finance through a bank or a dealership?
Bank financing often gives you more control over your rate and terms. You can get preapproved before you shop, which sets your budget and strengthens your negotiating position at the dealership. Dealer financing can be convenient, but rates may be marked up. Compare both options before signing.
Where We Lend
Auto Loans Across Eastern Iowa
The same competitive rates and local decisions, no matter where you live in Eastern Iowa.
Linn County
Cedar Rapids
Branches on the southwest, northwest, and northeast sides of Cedar Rapids give you convenient access to a local lender.
Linn County
Marion
FSB's main Marion branch and Collins Road Square serve Marion drivers with full-service auto lending.
Linn County
Hiawatha & Alburnett
The Hiawatha and Alburnett branches offer in-house auto loan decisions with the same local lending team.
Johnson County
Tiffin & Iowa City Area
FSB's Tiffin branch opened in 2021 to serve one of Iowa's fastest-growing communities with full-service auto lending and local decisions.
Not Sure if We Lend in Your Area?
Across Eastern Iowa
Apply online or find a branch near you and we will help you find the right path forward.
Your rate is based on your credit profile, not your location. The same competitive rates apply across all Eastern Iowa communities we serve.
Fuel Your Savings with FSB
Earn cashback or rewards on every purchase and save at the pump with an FSB Visa® credit card!
Auto Loan Disclosures
1Must be 18 or older to apply. Loans subject to credit approval.
*APR = Annual Percentage Rate. Must be 18 or older to apply. Subject to credit approval. Requires automatic payment from an FSB checking account. Existing FSB loans are not eligible. A 5.65% fixed rate is available for qualified borrowers with a credit score above 740. A 5.95% fixed rate is available for qualified borrowers with a credit score of 700 to 739. Other qualified borrowers will be offered rates based on underwriting guidelines. APR assumes a credit score of 740 or above, based on a loan amount of $20,000 with a loan-to-value ratio of less than 80%. Eligible vehicle model years are 2023-2026. Current rates are available at myfsbonline.com/support/rates. Additional terms and restrictions apply. The maximum loan term is 72 months. If a payment delay is exercised, the loan will be fully amortized over 70 months, with the first payment due 60 days after disbursement. Interest accrues from the date of loan disbursement. Lien notation and e-filing fees apply. Terms, rates, amounts, and qualifications are subject to underwriting guidelines and may change at the bank’s discretion. Offer valid through July 15, 2026. Visit myfsbonline.com or call 319-377-4891 for complete information.
**New account bonus for new customers who meet promotion requirements. Must be 18 or older to apply. You must open a new checking account, have $500 or more in direct deposits, set up automatic payments to the loan from an FSB checking account, and enroll in eStatements. Excludes Benefit Banking. Minimum opening deposit is $25-$1,000. If the checking account opened is Rewards Checking, the account is interest-bearing. Rewards Checking earns up to 3.50% APY (Annual Percentage Yield). APY is effective as of May 7, 2026. The interest rate and APY depend on the daily balance, as shown in the rate chart, and on meeting account requirements, including 15 POS purchases of $20 or more and eStatement enrollment. Bonus will be paid within 90 days if qualifications are met and the account is used regularly. Limit one new account bonus per household. Subject to approval and 1099 reporting. Visit myfsbonline.com/personal/banking/checking for product offerings. Offer ends July 15, 2026. Additional terms apply.
