Auto Loans Help
The application will ask you about your personal, contact, employment and potentially collateral information. It will also ask you to input your Social Security Number, Date of Birth, Income information and possibly an accepted form of identification.
You must have software which permits you to access Portable Document Format ("PDF") files, such as Adobe Acrobat Reader® version 5.1 or higher (available for downloading at Adobe’s website).
Yes. For your loan application to be considered, 1st Source will need to request your credit report from one or more of the credit bureaus. This request will display on your credit report.
At 1st Source Bank, we pride ourselves on Relationship Banking. That is why we do require that you have an open checking account with us before or at the time of loan closing. If you would like to, you can apply online for an account with us.
Your monthly loan payment will be made for you from your 1st Source Checking account on the date of which you have agreed upon. If you apply for a loan with Auto Debit, you can qualify for a 0.25% discount on your rate depending on the loan type. The Auto Debit discount only applies if you have a checking account at 1st Source Bank.
You can lower your rate by 0.25% by having your monthly loan payment automatically debited from your 1st Source checking account. You can also lower your rate an additional 0.25% by having your regular income direct deposited into your 1st Source checking account.
The most convenient way to make payments is through auto debit from your 1st Source account. If you don't have your payments on Auto-Debit with us, you can make your payment through Online/Mobile Banking, via postal mail, or at your nearest 1st Source banking center.