First Internet Bank Auto Loan Review

First Internet Bank Auto Loan is offered by First Internet Bank, a bank founded in 1999 and based in Indianapolis, IN. First Internet Bank Auto Loan is available in 50 states across the USA.

How much can you borrow via First Internet Bank auto loan?

First Internet Bank auto loan loan amounts start at $5,000.

What APR does First Internet Bank auto loan offer on its car loans?

First Internet Bank auto loan offers an car loan product that ranges from 3.25% 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 First Internet Bank auto loan?

First Internet Bank auto loan has car loans with a maximum term of 66 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 First Internet Bank auto loan charge an origination fee?

Yes, First Internet Bank auto loan may charge a loan origination fee.

Does First Internet Bank auto loan charge a late fee?

Yes, First Internet Bank auto loan charges borrowers with a late payment penatly fee

Does First Internet Bank auto loan charge prepayment fees?

No, First Internet Bank auto loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like First Internet Bank auto loan 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 First Internet Bank auto loan loan?

Yes, you can. First Internet Bank auto loan does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for First Internet Bank Auto Loan?

Applicants with a credit score of at least 650 and up to 850 may be eligible for First Internet Bank Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

First Internet Bank Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. First Internet Bank Auto Loan 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 are eligible to apply for a loan via First Internet Bank Auto Loan. 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 First Internet Bank auto loan?

First Internet Bank auto loan will typically approve (or deny) a car loan application within 48 hours and fund the car loan within 7 business days of approval.