BB&T Auto Loans
in Auto Loans from BB&TUnaffiliated
BB&T Auto LoansUnaffiliated
in Auto Loans from BB&T
Strongly not recommended
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BB&T Auto Loans Review
BB&T Auto Loans is offered by BB&T, a bank founded in 1872 and based in Winston Salem, NC. BB&T Auto Loans is offered in 15 states (and Washington, DC).
What APR does BB&T Auto Loans offer on its auto loans?
BB&T Auto Loans offers an auto loan product that ranges from 2.24% APR up to 20% 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 BB&T Auto Loans?
BB&T Auto Loans has auto loans with a maximum term of 120 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 BB&T Auto Loans charge an origination fee?
Yes, BB&T Auto Loans may charge a loan origination fee.
Does BB&T Auto Loans charge a late fee?
Yes, BB&T Auto Loans charges borrowers with a late payment penatly fee
Does BB&T Auto Loans charge prepayment fees?
Yes, BB&T Auto Loans 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.
Can I pay off early my BB&T Auto Loans loan?
Yes, you can. However, BB&T charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.
What do you need to qualify for BB&T Auto Loans?
Applicants with a credit score of at least 650 and up to 850 are eligible for BB&T Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
BB&T Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. BB&T Auto Loans only considers borrowers who are employed.
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 BB&T Auto Loans. Their rates fall within the limits of The Military Lending Act.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
What is the estimated funding time for an auto loan via BB&T Auto Loans?BB&T Auto Loans will typically fund the loan within 7 business days of approval.
Other Services by BB&T
- Washington, DC
- New Jersey
- North Carolina
- South Carolina
- West Virginia
|Credit Score Range||
650 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||Up to $100K|
|Loan Term||Up to 120|
|APR||2.24% - 20%|