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Bank of Hawaii Auto Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 12 September 2023
Fact checked

A quick review of Bank of Hawaii auto loans

Bank of Hawaii logo

The Bank of Hawaii (BOH) doesn’t have loans specifically for auto purchases. However, you can use a personal loan to buy a car or recreational vehicle. BOH has a range of personal loans with competitive interest rates as low as 7% and flexible terms of up to 72 months.

With this in mind, you can choose from homeowner’s, secured, and unsecured personal loans. At the moment, the Bank of Hawaii only provides loans to residents of Hawaii and Guam.

Want to see what a BOH auto loan will cost? Try the Bank of Hawaii auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key Bank of Hawaii auto loan features

  • Minimum loan amount: The minimum loan for homeowners is $5,000. For secured and unsecured personal loans, the minimum loan is $1,500.
  • Maximum loan amount: Homeowners can borrow up to $50,000. For unsecured personal loans, the maximum loan is $20,000 while secured loans can be as high as $100,000.
  • Interest rates: Rates for homeowners start from 7.50% APR. For unsecured personal loans, APR starts from 9% while secured loans start from 7% APR.
  • Loan terms: From 12 to 72 months.
  • Loan fees: $50 loan fee taken from your total loan amount.
  • Discounts: Get lower interest rates if you apply for a secured personal loan.

Bank of Hawaii auto loan options

Bankoh personal loan for homeowners

Bankoh personal homeowner loans are only for homeowners in Hawaii and Guam. With this, you get quick access to funds with rates as low as 7.50% to 8.50% APR. The terms range from 24 months to 72 months, and you don’t need collateral to apply for a loan.

Bankoh secured personal loan

Through a secured personal loan, you can use your savings or certificates of deposit (CDs) account to get a loan. Secure lower interest rates from 7% to 8% APR with terms extending up to 60 months. Unlike personal loans for homeowners, you can only apply for a secured loan by visiting a branch.

Bankoh unsecured personal loan

Unsecured personal loans help you lock in interest rates that start from 9% to 14.50% APR with up to a 60-month loan term. If you’re a resident of Hawaii or Guam, you can apply online or at a branch. Though you need to visit a branch if you’re a Saipan and Palau resident.

Bank of Hawaii auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

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Bank of Hawaii

Bank of Hawaii auto loan

Bank of Hawaii auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of Hawaii auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for a Bank of Hawaii auto loan

Eligibility criteria

  • Must be at least 18 years or older
  • Must be a resident of Hawaii or Guam
  • A steady source of income

For personal loans for homeowners, you need to own a residential property in Hawaii or Guam, too. Keep in mind the risks and assess your situation when choosing between secured and unsecured loans.

What you’ll need to have ready:

When you apply for auto financing with BOH, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

You may need to provide the Bank of Hawaii with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

If you’re applying for a secured personal loan, you also need to provide your savings or CD account number. Being prepared for these documents can make your loan application faster and smoother.

Ways to apply for a Bank of Hawaii auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 808-643-3888

Additional BOH auto loan details

  • Automatic payment: Available.
  • Loan approval times: Undisclosed. In general, banks can take 1 to 3 business days to approve applications.
  • Rate discounts: Lower interest rates for applicants with secured loans or high credit scores.
  • Repayment frequency: Monthly.
  • Late payment fees: Yes. Fee undisclosed.
  • Prepayment penalty: Undisclosed.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Ways to repay: Online banking, Hawaii Bill Pay, by mail, and in a branch.

Vehicle restrictions and limitations

  • Maximum vehicle age: Undisclosed.
  • Maximum vehicle mileage: Undisclosed.
  • Other vehicle restrictions: Undisclosed.

Pros and cons

Pros

  • Competitive rates for secured loans.
  • Choices between secured and unsecured personal loans.
  • Longer loan terms of up to 72 months.
  • Receive same-day funding through SimpliFi.
  • Many ways to apply, like online, in person, or over the phone.
  • Various ways to pay your bills – mobile app, online banking, by mail, and in a branch.
  • High loan amount for secured personal loans.
  • Hardship program available.

Cons

  • Limited to residents of Hawaii or Guam.
  • Saipan and Palau residents must apply at a branch for unsecured loans.
  • Late fees not specified.

Frequently asked questions

Does the Bank of Hawaii offer auto loans?

BOH doesn’t offer loans specifically for cars, but you can use a personal loan to purchase a vehicle.

Will applying for a car loan with the Bank of Hawaii affect my credit score?

Applying for a vehicle loan will knock down your credit score a bit because the bank will conduct a hard inquiry. So, to improve your credit score, ensure you make timely payments.

How much interest does BOH charge on car loans?

While your interest rate will depend on your situation, BOH personal loans for homeowners start from 7.50% to 8.50% APR. For secured loans, rates can range from 7% to 8% APR while unsecured loans have 9% to 14.50% APR.

How to apply for vehicle finance from the Bank of Hawaii?

To get an auto loan from Bankoh, you can contact BOH, apply online, or visit a branch depending on your loan type. Make sure you prepare the necessary documents to fast-track your application process.

How do I pay my BOH auto loan?

Pay your auto loan through online banking, by mail, and directly in a branch. You can also enroll in Bill Pay to make your monthly payments.

Video: Why choose the Bank of Hawaii

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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