Where does Essex Credit do business?
Essex Credit is a direct lender based in San Ramon, CA. It was founded in 1981 and offers auto loans in 49 states (and Washington, DC).
How much can you borrow via Essex Credit?
Essex Credit auto loan amounts start at $10,000 and go up to $2,000,000.
What APR does Essex Credit offer on its auto loans?
Essex Credit has a variable APR starting at 3.99%.
What is the maximum loan term you can get with Essex Credit?
Essex Credit has auto loans with a maximum term of 240 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 Essex Credit charge an origination fee?
Yes, Essex Credit may charge a loan origination fee.
Does Essex Credit charge a late fee?
Yes, Essex Credit charges borrowers with a late payment penatly fee
Does Essex Credit charge prepayment fees?
No, Essex Credit will not charge you a fee for paying your loan early. Whenever possible choose lenders like Essex Credit that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with Essex Credit?
Applicants with a credit score of at least 690 can apply for a loan via Essex Credit. 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 Essex Credit?
Essex Credit will typically approve (or deny) an auto loan application within 72 hours and fund the loan within 14 business days of approval.
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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Active Duty Military
- Employed Full-Time
- Employed Part-Time
- U.S. Permanent Resident
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)