Where does First Internet Bank do business?
First Internet Bank is a bank based in Indianapolis, IN. It was founded in 1999 and offers auto loans in 50 states across the USA.
How much can you borrow via First Internet Bank?
First Internet Bank auto loan amounts start at $5,000.
What APR does First Internet Bank offer on its auto loans?
First Internet Bank has a variable APR starting at 3.25%.
What is the maximum loan term you can get with First Internet Bank?
First Internet Bank has auto loans with a maximum term of 66 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 First Internet Bank charge an origination fee?
Yes, First Internet Bank may charge a loan origination fee.
Does First Internet Bank charge a late fee?
Yes, First Internet Bank charges borrowers with a late payment penatly fee
Does First Internet Bank charge prepayment fees?
No, First Internet Bank will not charge you a fee for paying your loan early. Whenever possible choose lenders like First Internet Bank 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 First Internet Bank?
Applicants with a credit score of at least 650 can apply for a loan via First Internet Bank. 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 First Internet Bank?
First Internet Bank will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.
FIRST INTERNET BANK Disclosure: "Rate determined by factors such as type of loan, collateral, term, amount of loan, credit worthiness and applicant's relationship with First IB."
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Other Services by First Internet Bank
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Active Duty Military
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)