State Farm Bank® Loan FAQs – Vehicles

Here are answers to some Frequently Asked Questions about vehicle loans from State Farm Bank.

State Farm Bank deposit accounts are FDIC insured.

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Have more questions? Find a local State Farm Agent here

Before Applying for a Loan

What types of vehicles can I finance with State Farm Bank?

Automobiles, Light Trucks, SUVs & Vans:

  • New & Used
  • Terms as long as 84 months (for new models)

Boats, Motor Homes & Travel Trailers:
  • New & Used
  • Terms as long as 240 months (for new models)

ATVs*, Jet Skis*, Motorcycles, Snowmobiles*, & Other*:
  • New & Used
  • Terms as long as 72 months (for new models)

Certain vehicle collateral restrictions may apply.

*Certain collateral types may not be acceptable in all states. Please contact your State Farm Agent or State Farm Bank at 877-SF4-Bank.

Your Vehicle Loan Questions

1State Farm Bank Payoff Protector is automatically included as a provision of all newly issued vehicle loan promissory notes. Payoff Protector is not an insurance product. Subject to the terms, conditions, and restrictions of the Payoff Protector provision in your State Farm Bank Promissory Note and Security Agreement. Your loan must be in good standing and you must continue to make your monthly payments until your insurance claim is settled in order for Payoff Protector to apply. If your vehicle is determined to be a total loss before the loan is paid off, State Farm Bank will cancel the difference between the insurance payout and the unpaid principal balance due on the loan. Please contact State Farm Bank for additional details.

2To qualify and receive the additional interest rate reduction, monthly electronic automatic payments must be set up from a funded State Farm Bank Checking, Money Market or Savings account at or before loan origination. Rates may increase after origination if customer no longer qualifies for interest rate reduction.

State Farm Bank, F.S.B., Bloomington, Illinois ("Bank"), is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and may be subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by visiting or by contacting the Bank at 877-SF4-VISA (877-734-8472). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.

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