Features

Autopay is an online direct lender and an auto loan marketplace based in Denver, Colorado. It was founded in 2007 direct lender based in Irvine, California. It offers auto loans of up to $100,000 to borrowers with fair to excellent credit.

How Do Autopay Loans Work?

Autopay does offer auto purchase loans but its main focus is auto loan refinancing. Applying for a loan (or a refinance) takes a few minutes and will not hurt your credit. Autopay only requires a soft pull, so checking your rates will not hurt your credit score. Once you complete your application, Autopay offers a range of loan offers based on your creditworthiness.

Autopay accepts applications from all 50 states and it typically takes less than an hour to get an approval response. The minimum credit score to qualify is 620 and you must have an annual income of at least $24k.

Once an application is approved, Autopay takes 1 to 7 days to deposit the loan in the borrower’s bank account. Autopay reports to Experian and TransUnion, so making payments regularly and on time can help you improve your credit score.

Autopay also offers customizable payment dates, which can help some borrowers avoid missed payments.

What Are Autopay's Rates and Terms?

Rates for a loan at Autopay range from 1.99% to 15.99% APR.

There are no prepayment penalties and no origination fees.

The maximum term for an Autopay loan is 84 months.

How Much Money Can I Borrow from Autopay?

Loan amounts range from $10,000 to $100,000.

 How Are Autopay Loans Better than Other Auto Loans?

Autopay is a good choice for borrowers with fair (620) to excellent credit. These are the main benefits:

  • You can check your rate without impacting your credit score. Autopay does not perform a hard pull on your credit to generate an offer.
  • There are no origination fees.
  • There are no prepayment penalties.
  • Available in all 50 states.
  • Fast decisions (within an hour) and a short funding timeline. Loan proceeds are usually issued within a few business days.
  • Autopay reports your loan activity to Experian and TransUnion, two of the three national credit bureaus. Regular on-time payments can help improve your credit score.
  • Borrowers with credit scores as low as 620 are considered.
  • Loan amounts range from $10k to $100k.
  • Accepts joint applicants. 
  • Loan Amount
    $2500 - $100000
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • APR
    1.99% - 15.99%
  • Max Loan Term (Months)
    84
  • Credit Score Range
    620 - 850
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Minimum Annual Income
    $24000
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Institution Type
    Other
  • Approval Speed (Hours)
    24
  • Customizable Payment Dates
  • Deferred Payments
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Pre-Approved Soft Credit Inquiry
  • Credit Bureau Reporting
    • Experian
    • TransUnion
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