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Auto Approve Auto Loan

in Auto Loans from Auto Approve LLC

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Auto Approve Auto Loan

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Highlights
Highlights
Loan Amount $7,500 - $150,000
APR  (Fixed APR) 2.74% - 19.99%
Credit Score Range 500 - 850
Loan Term 12 - 84 months

Auto Approve Auto Loan Review

Auto Approve Auto Loan is an auto purchase finance offering by Auto Approve LLC, a marketplace lender based in Maple Grove, MN. Founded in 2016, Auto Approve LLC offers auto loans in 50 states (and Washington, DC).

How much can you borrow via Auto Approve Auto Loan?

Auto Approve Auto Loan auto loan amounts start at $7,500 and go up to $150,000.

What APR does Auto Approve Auto Loan offer on its auto loans?

Auto Approve Auto Loan offers a fixed APR auto loan product that ranges from 2.74% APR up to 19.99% 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 Auto Approve Auto Loan?

Auto Approve Auto Loan has auto loans with terms ranging from 12 to 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 loan, the more interest you will pay.

Does Auto Approve Auto Loan charge an origination fee?

Yes, Auto Approve Auto Loan may charge a loan origination fee of $399

Does Auto Approve Auto Loan charge a late fee?

No, Auto Approve Auto Loan will not charge you a late fee.

Does Auto Approve Auto Loan charge prepayment fees?

No, Auto Approve Auto Loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like Auto Approve Auto Loan 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 Auto Approve Auto Loan?

Applicants with a credit score of at least 500 can apply for a loan via Auto Approve Auto Loan. 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 identity
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income

What is the estimated funding time for an auto loan via Auto Approve Auto Loan? Auto Approve Auto Loan will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 2 business days of approval.

Does Auto Approve Auto Loan report loan payments to credit bureaus?

Auto Approve Auto Loan may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   10939 89th Ave N
    Maple Grove, MN 55369
  •   Visit Site

Other Services by Auto Approve LLC

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • 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  
No Late Fees  
Origination Fee ($) $399
Minimum Age 18
Credit Score Range 500 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income $24,000
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
Verification Documents Required
  • Business Formation Documents
  • Government Issued Photo ID
  • Loan Payoff Statements
  • Proof of Identity
  • Proof of Income
  • Proof of Insurance
  • Recent Pay Stubs
  • References
  • U.S. Tax Identification Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $7.5K - $150K
Loan Term 12 - 84 months
APR (Fixed APR) 2.74% - 19.99%

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