Alabama ONE Auto Loans

Alabama ONE Auto Loans Review

Alabama ONE Auto Loans is offered by alabama one credit union, a credit union founded in 1951 and based in Tuscaloosa, AL. Alabama ONE Auto Loans are available in 50 states (and Washington, DC).

alabama one loans FAQ

What APR does alabama one loans offer on its car loans?

alabama one loans offers a variable APR car loan product that ranges from 3.49% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with alabama one loans?

alabama one loans has car loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does alabama one loans charge an origination fee?

Yes, alabama one loans may charge a loan origination fee.

Does alabama one loans charge a late fee?

Yes, alabama one loans charges borrowers with a late payment penatly fee

Does alabama one loans charge prepayment fees?

Yes, alabama one loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my alabama one loans loan?

Yes, you can. However, alabama one loans charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Alabama ONE Auto Loans?

Alabama ONE Auto Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Alabama ONE Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Alabama ONE Auto Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Alabama ONE Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Alabama ONE Auto Loans.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of identity
• Proof of citizenship or residence permit

Does Alabama ONE Auto Loans report your account activity to credit bureaus?

Yes, Alabama ONE Auto Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Alabama ONE Credit Union a legit company?

Alabama ONE Credit Union was founded in 1951, it is a well-established company that has been in business for 72 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.