First Investors Auto Loan

First Investors Auto Loan Review

First Investors Auto Loan is offered by First Investors Financial Services Inc., a direct lender founded in 1988 and based in Atlanta, GA. First Investors Auto Loan are available in 43 states across the USA.

First investors FAQ

How much can you borrow via First investors?

First investors loan amounts start at $8,000 and go up to $40,000.

What APR does First investors offer on its car loans?

First investors offers a fixed apr car loan product that ranges from 8.25% APR up to 24.95% 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 investors?

First investors has car loans with terms ranging from 48 to 72 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto 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 investors charge an origination fee?

Yes, First investors may charge a loan origination fee.

Does First investors charge a late fee?

Yes, First investors charges borrowers with a late payment penatly fee

Does First investors charge prepayment fees?

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

Yes, you can. First investors 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 Investors Auto Loan?

Applicants with a credit score of at least 500 and up to 850 may be eligible for First Investors Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

First Investors Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. First Investors Auto Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. 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 Investors Auto Loan. Their rates fall within the limits of The Military Lending Act.

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 investors?

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

Is First Investors Financial Services Inc. a legit company?

First Investors Financial Services Inc. was founded in 1988, it is a well-established company that has been in business for 35 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.