BB&T Auto Loans Review

BB&T Auto Loans is an auto purchase finance offering by BB&T, a bank based in Winston Salem, NC. Founded in 1872, BB&T offers auto loans 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?

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.

What do you need to qualify for a loan with BB&T Auto Loans?

Applicants with a credit score of at least 650 can apply for a loan via BB&T Auto Loans. 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