Autopay Auto Loan Review

Autopay Auto Loan is offered by Autopay, a licensed broker founded in 2007 and based in Denver, CO. Autopay Auto Loan is available in 50 states (and Washington, DC).

How much can you borrow via Autopay?

Autopay loan amounts start at $2,500 and go up to $100,000.

What APR does Autopay offer on its car loans?

Autopay offers a fixed apr car loan product that ranges from 1.99% APR up to 15.99% 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 auto loan term you can get with Autopay?

Autopay 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 Autopay charge an origination fee?

Yes, Autopay may charge a loan origination fee.

Does Autopay charge a late fee?

Yes, Autopay charges borrowers with a late payment penatly fee

Does Autopay charge prepayment fees?

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

Can I pay off early my Autopay loan?

Yes, you can. Autopay does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Autopay Auto Loan?

Applicants with a credit score of at least 620 and up to 850 may be eligible for Autopay Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with Autopay Auto Loan, applicants need a minimum annual income of $24,000 or higher. Autopay Auto Loan only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 Autopay Auto Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Autopay Auto Loan. Permanent resident / green card holders are also eligible to apply.

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

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

What is the estimated funding time for a car loan via Autopay?

Autopay will typically approve (or deny) a car loan application within 24 hours and fund the car loan within 7 business days of approval.

Does Autopay Auto Loan report your account activity to credit bureaus?

Yes, Autopay Auto Loan reports your account activity to the following credit reporting agencies:

• 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.