|Loan Amount||$7,500 - $100,000|
|APR (Fixed APR)||2.94% - 18%|
|Credit Score Range||560 - 850|
|Loan Term||Up to 84 months|
FiWize Auto Loan Review
FiWize Auto Loan is offered by FiWize, a financial services company founded in 2017 and based in Scottsdale, AZ. FiWize Auto Loan is available in 3 states across the USA.
How much can you borrow via FiWize Auto Loan?
FiWize Auto Loan auto loan amounts start at $7,500 and go up to $100,000.
What APR does FiWize Auto Loan offer on its auto loans?
FiWize Auto Loan offers a fixed APR auto loan product that ranges from 2.94% APR up to 18% 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 loan term you can get with FiWize Auto Loan?
FiWize Auto Loan has auto loans with a maximum term of 84 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 FiWize Auto Loan charge an origination fee?
No, FiWize Auto Loan does not charge a loan origination fee.A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does FiWize Auto Loan charge a late fee?
Yes, FiWize Auto Loan charges borrowers with a late payment penatly fee
Does FiWize Auto Loan charge prepayment fees?
No, FiWize Auto Loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like FiWize 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 FiWize Auto Loan loan?
Yes, you can. FiWize Auto Loan does not charge a prepayment fee, so you can save money by paying your auto loan early.
What do you need to qualify for FiWize Auto Loan?Applicants with a credit score of at least 560 and up to 850 are eligible for FiWize Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
To qualify for auto loans with FiWize Auto Loan, applicants need a minimum annual income of $18,000 or higher. FiWize Auto Loan only considers borrowers who are employed and meet the minimum income requirement.
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 FiWize Auto Loan. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by FiWize Auto Loan. 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 an auto loan via FiWize Auto Loan?FiWize Auto Loan will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.
|No Origination Fee|
|No Prepayment Fee|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Minimum Annual Income||$18,000|
|Supported Income Types||
|Verification Documents Required||
|Loan Amount||$7.5K - $100K|
|APR (Fixed APR)||2.94% - 18%|
|Loan Term||Up to 84|