Autopay Auto LoanClaimed
in Auto Loans from Autopay
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Autopay Auto Loan Review
Autopay Auto Loan is offered by Autopay, a marketplace lender founded in 2007 and based in Denver, CO. Autopay Auto Loan is offered in 50 states (and Washington, DC).
How much can you borrow via Autopay Auto Loan?
Autopay Auto Loan auto loan amounts start at $2,500 and go up to $100,000.
What APR does Autopay Auto Loan offer on its auto loans?
Autopay Auto Loan offers a fixed APR auto 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 loan term you can get with Autopay Auto Loan?
Autopay Auto Loan 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 Autopay Auto Loan charge an origination fee?
Yes, Autopay Auto Loan may charge a loan origination fee.
Does Autopay Auto Loan charge a late fee?
Yes, Autopay Auto Loan charges borrowers with a late payment penatly fee
Does Autopay Auto Loan charge prepayment fees?
No, Autopay Auto Loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like Autopay Auto Loan 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 Auto Loan loan?
Yes, you can. Autopay Auto Loan does not charge a prepayment fee, so you can save money by paying your auto 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 are 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.
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.
Only U.S. citizens and permanent residents can apply for a loan.
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 an auto loan via Autopay Auto Loan?Autopay Auto Loan will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.
Does Autopay Auto Loan report your account activity to credit bureaus?
Autopay Auto Loan reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
- 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||
620 - 850
|Immigration Status Considered||
|Minimum Annual Income||$24,000|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$2.5K - $100K|
|Loan Term||Up to 84|
|APR (Fixed APR)||1.99% - 15.99%|