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Ally Bank Auto Finance

in Auto Loans

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Ally Bank Auto Finance

Unaffiliated

in Auto Loans

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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Overview

Where does Ally Bank Auto Finance do business?

Ally Bank Auto Finance is a bank based in Midvale, UT. It was founded in 1984 and offers auto loans in 50 states (and Washington, DC).

How much can you borrow via Ally Bank Auto Finance?

Ally Bank Auto Finance auto loan amounts start at $1,000 and go up to $100,000.

What APR does Ally Bank Auto Finance offer on its auto loans?

Ally Bank Auto Finance has a variable APR that ranges from 0% up to 18%.

What is the maximum loan term you can get with Ally Bank Auto Finance?

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

Does Ally Bank Auto Finance charge an origination fee?

Yes, Ally Bank Auto Finance may charge a loan origination fee.

Does Ally Bank Auto Finance charge a late fee?

Yes, Ally Bank Auto Finance charges borrowers with a late payment penatly fee

Does Ally Bank Auto Finance charge prepayment fees?

No, Ally Bank Auto Finance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Ally Bank Auto Finance that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for a loan with Ally Bank Auto Finance?

Applicants with a credit score of at least 560 can apply for a loan via Ally Bank Auto Finance. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

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

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs

What is the estimated funding time for an auto loan via Ally Bank Auto Finance?

Ally Bank Auto Finance will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.

 

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Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Application Fee
$0
Minimum Age
18
Military Status
  • Active Duty Military
  • Non-Military
Joint Loan Applications Accepted
  • Co-signer
Credit Score Range
560 - 750
850 300 560 750
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Permanent Resident
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Term (Months)
Up to
84
Loan Amount
$1K - $100K
$500 $100K+
APR
Up to
18%

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