Gate City Bank Auto Loans Review

Gate City Bank Auto Loans is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Auto Loans is available in 2 states across the USA.

What APR does Gate City Bank Auto Loans offer on its auto loans?

Gate City Bank Auto Loans offers a fixed APR auto loan product but they do not disclose their rates.

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.

Does Gate City Bank Auto Loans charge an origination fee?

Yes, Gate City Bank Auto Loans may charge a loan origination fee of 0% to 5% of the loan amount. Gate City Bank Auto Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Gate City Bank Auto Loans charge a late fee?

Yes, Gate City Bank Auto Loans charges borrowers with a late payment penatly fee

Does Gate City Bank Auto Loans charge prepayment fees?

No, Gate City Bank Auto Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like Gate City Bank Auto Loans 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 Gate City Bank Auto Loans loan?

Yes, you can. Gate City Bank Auto Loans does not charge a prepayment fee, so you can save money by paying your auto loan early.

What do you need to qualify for Gate City Bank Auto Loans?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Gate City Bank Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Gate City Bank Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Gate City Bank Auto Loans 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 and their covered dependents are eligible to apply for a loan via Gate City Bank Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Gate City Bank Auto Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Government issued photo ID
• Proof of identity

What is the estimated funding time for an auto loan via Gate City Bank Auto Loans?

Gate City Bank Auto Loans will typically fund the loan within 10 business days of approval.

Does Gate City Bank Auto Loans report your account activity to credit bureaus?

Yes, Gate City Bank Auto Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.