Bank of AmericaUnaffiliated
in Auto Loans
Strongly not recommended
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Where does Bank of America do business?
Bank of America is a bank based in Charlotte, NC. It was founded in 1784 and offers auto loans in 50 states (and Washington, DC).
How much can you borrow via Bank of America?
Bank of America auto loan amounts start at $7,500 and go up to $100,000.
What APR does Bank of America offer on its auto loans?
Bank of America offers a fixed APR auto loan product that ranges from 3.39% 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 Bank of America?
Bank of America has auto loans with terms ranging from 12 to 60 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 Bank of America charge an origination fee?
Yes, Bank of America may charge a loan origination fee.
Does Bank of America charge a late fee?
Yes, Bank of America charges borrowers with a late payment penatly fee
Does Bank of America charge prepayment fees?
Yes, Bank of America does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with Bank of America?
Applicants with a credit score of at least 580 can apply for a loan via Bank of America. 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 Bank of America?
Bank of America will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 1 business day of approval.
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100 North Tryon Street
Charlotte, NC 28255 USA
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Other Services by Bank of America
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Credit Score Range||
580 - 850
850 300 580
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||10|
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$7.5K - $100K|
|Loan Term (Months)||12 - 60|
|APR (Fixed APR)||Starting at 3.39%|