Features

Where does My Car Loan Plus do business?

My Car Loan Plus is a direct lender based in Flowery Branch, GA. It was founded in 2015 and offers auto loans in 0 states across the USA.

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

My Car Loan Plus offers auto loans with APRs starting at 12.95% . 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 inaccuate information in your credit history with these credit monitoring tools

What is the maximum loan term for a My Car Loan Plus auto loan?

My Car Loan Plus offers auto loans with terms of up to 84 months. Lenders that offer longer terms can offer larger loan amounts and lower monthly payments. However, remember that the longer the term of your loan, the more interest you will pay. 

Does My Car Loan Plus charge an origination fee?

Yes, My Car Loan Plus charges 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 penalties?

No, My Car Loan Plus will not charge you a penalty fee for paying your loan early. Whenever possible choose lenders like My Car Loan Plus that don't charge a prepayment penalty fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

What is My Car Loan Plus’s eligibility criteria?

My Car Loan Plus requires borrowers to have a credit score of at least 500 to apply.

To qualify, applicants must 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) a loan application within 24 hours and fund auto loans within 1 and 7 days of approval

  • Loan Amount
    $2500 - $50000
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    Starting at 12.95%
  • Max Loan Term (Months)
    84
  • Credit Score Range
    500 - 650
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Maximum Vehicle Age
    5
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
    18
  • Supported Income Types
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Origination Fee
    Up to 1%
  • Institution Type
    Direct Lender
  • Approval Speed (Hours)
    24
  • Deferred Payments
  • Funding Time Range (in days)
    1 - 7
  • Credit Bureau Reporting
"Interest rates are dependent upon your specific financial and credit situation."
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