Citizens One Auto Finance Review

Citizens One Auto Finance is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. Citizens One Auto Finance is available in 47 states across the USA.

How much can you borrow via Citizens One Auto Finance?

Citizens One Auto Finance loan amounts start at $5,000 and go up to $50,000.

What APR does Citizens One Auto Finance offer on its car loans?

Citizens One Auto Finance offers a fixed APR car loan product that ranges from 6.52% APR up to 15.28% 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 Citizens One Auto Finance?

Citizens One Auto Finance has car loans with a maximum term of 72 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 Citizens One Auto Finance charge an origination fee?

Yes, Citizens One Auto Finance may charge a loan origination fee.

Does Citizens One Auto Finance charge a late fee?

Yes, Citizens One Auto Finance charges borrowers with a late payment penatly fee

Does Citizens One Auto Finance charge prepayment fees?

No, Citizens One Auto Finance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Citizens One Auto Finance 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 Citizens One Auto Finance loan?

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

What do you need to qualify for Citizens One Auto Finance?

Applicants with a credit score of at least 640 and up to 800 may be eligible for Citizens One Auto Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Citizens One Auto Finance does not have or does not disclose a minimum annual income eligibility requirement. Citizens One Auto Finance only considers borrowers who are employed. 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 Citizens One Auto Finance. Their rates fall within the limits of The Military Lending Act.

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 Citizens One Auto Finance?

Citizens One Auto Finance will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 7 business days of approval.

Does Citizens One Auto Finance report your account activity to credit bureaus?

Yes, Citizens One Auto Finance reports your account activity to the following credit reporting agencies:

• Equifax
• 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.