Ally Bank Auto FinanceUnaffiliated
in Auto Loans
Strongly not recommended
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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 offers a auto loan product that ranges from 0% APR up to 18% 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 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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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Prepayment Fee|
|Credit Score Range||
560 - 750
850 300 560 750
|Immigration Status Considered||
|Employment Statuses Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$1K - $100K|
|Loan Term (Months)||Up to 84|
|APR||0% - 18%|