My Car Loan Plus Review

My Car Loan Plus is an auto purchase finance offering by My Car Loan Plus, a direct lender based in Flowery Branch, GA. Founded in 2015, My Car Loan Plus offers auto loans in 1 state across the USA.

How much can you borrow via My Car Loan Plus?

My Car Loan Plus auto loan amounts start at $2,500 and go up to $50,000.

What APR does My Car Loan Plus offer on its auto loans?

My Car Loan Plus offers an auto loan product that ranges from 12.95% 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 loan term you can get with My Car Loan Plus?

My Car Loan Plus 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 My Car Loan Plus charge an origination fee?

Yes, My Car Loan Plus may charge a loan origination fee of 0% to 1% of the loan amount. My Car Loan Plus 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 My Car Loan Plus charge a late fee?

Yes, My Car Loan Plus charges borrowers with a late payment penatly fee

Does My Car Loan Plus charge prepayment fees?

No, My Car Loan Plus will not charge you a fee for paying your loan early. Whenever possible choose lenders like My Car Loan Plus 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 My Car Loan Plus?

Applicants with a credit score of at least 500 can apply for a loan via My Car Loan Plus. 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 My Car Loan Plus?

My Car Loan Plus will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.