Features

Where does Nationwide do business?

Nationwide is a bank based in Columbus, OH. It was founded in 1926 and offers auto loans in 50 states (and Washington, DC).

What APR does Nationwide offer on its auto loans?

Nationwide offers auto loans with APRs starting at 2.25%. 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 you can get with Nationwide?

Nationwide 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 Nationwide charge an origination fee?

No, Nationwide 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 Nationwide charge a late fee?

Yes, Nationwide charges borrowers with a late payment penatly fee

Does Nationwide charge prepayment fees?

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

Nationwide doesn’t disclose its credit score minimum.

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

  • Proof of identity
  • What is the estimated funding time for an auto loan via Nationwide?

    Nationwide will typically approve (or deny) an auto loan application within 0 hour and fund the loan within 2 business days of approval.

    • Employment Statuses Considered
      • Employed Full-Time
      • Employed Part-Time
      • Retired
      • Self-Employed
    • Immigration Status Considered
      • U.S. Citizen
      • U.S. Permanent Resident
    • Maximum Mileage
      150,000
    • Military Status
      • Active Duty Military
      • Military Dependent
      • Non-Military
      • Veterans
    • Supported Income Types
      • 1099 Misc. Income
      • Direct Deposit (W2, SSA, SSDI)
      • Payroll Check or Prepaid Card
    • Verification Documents Required?
      Proof of Identity
    • No Origination Fee
    • No Prepayment Fee
    • Funding Time Range (in days)
      1 - 2
    • Payment Options
      • Automatic Payments
      • Check by mail
    • Loan Amount
      $1000 - $100000
    • Loan Term Range (Months)
      Up to 84
    • APR
      Starting at 2.25%
    • Max Loan Term (Months)
      84
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