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  Nationwide Auto Loan

Nationwide Auto Loan

in Auto Loans from Nationwide

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Nationwide Auto Loan

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Highlights
Credit Score Range N/A
Loan Amount $1,000 - $100,000
APR  (Fixed APR) Starting at 2.25%
Loan Term (Months) Up to 84 months

Nationwide Auto Loan Review

Nationwide Auto Loan is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide Auto Loan is available in 50 states (and Washington, DC).

Nationwide Auto finance FAQ

How much can you borrow via Nationwide Auto finance?

Nationwide Auto finance loan amounts start at $1,000 and go up to $100,000.

What APR does Nationwide Auto finance offer on its car loans?

Nationwide Auto finance offers a fixed apr car loan product that ranges from 2.25% 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 auto loan term you can get with Nationwide Auto finance?

Nationwide Auto finance has car loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Nationwide Auto finance charge an origination fee?

No, Nationwide Auto finance does not charge a loan origination fee.

An auto loan origination fee is what some lenders charge for processing an auto loan application and funding an auto 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 Auto finance charge a late fee?

Yes, Nationwide Auto finance charges borrowers with a late payment penatly fee

Does Nationwide Auto finance charge prepayment fees?

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

Yes, you can. Nationwide Auto finance does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Nationwide Auto Loan?

Nationwide Auto Loan does not require or does not disclose a credit score minimum.

Nationwide Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Nationwide Auto Loan only considers borrowers who are employed.

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 Nationwide 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 Nationwide Auto Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of identity

What is the estimated funding time for a car loan via Nationwide Auto finance?

Nationwide Auto finance will typically approve (or deny) a car loan application within 0 hour and fund the car loan within 2 business days of approval.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Nationwide Auto Loan

Lower your monthly payment interest rate and drop monthly payments by an average of $99/month! Competitive rates, extended terms up to 84 months, and an easy online process. Apply now and receive your personalized offer in minutes.

Message From Our Editor

What we love about Nationwide Auto Loans

Nationwide Auto Loans offers incredible flexibility in its loans, with very low minimum and high maximum loan amounts. You can also choose loan terms far longer than most lenders offer, meaning you can customize your monthly loan payment to fit within your budget.

The company has relatively lax requirements when it comes to which cars it finances. If other lenders refuse to finance a specific vehicle, it’s likely that Nationwide Auto Loans will be willing to give you a loan. If you have strong credit, its interest rates are frequently very competitive.

If you need help finding a car, the company also offers TrueCar, an online shopping service that you can use to browse nearby dealerships and their pricing. You can also see actual sales values for the cars, helping you negotiate more effectively. Nationwide Auto Loans claims that customers that use the tool save thousands compared to those who don’t.

What could Nationwide Auto Loans do better?

Nationwide Auto Loans only offers loans for purchases from a car dealership. If you want to buy a car in a private transaction, then you will need to work with a different lender. The company also has some strict eligibility requirements for borrowers, such as minimum work and residence histories.

Nationwide Auto Loans’s backstory

Nationwide Auto Loans grew out of the Nationwide Mutual Insurance Company, an insurance company founded in 1926. The company now holds more than $158 billion in assets and has dozens of subsidiaries, including Nationwide Auto Loans.

The Verdict

If you want to buy an expensive car and finance it for the long-term, Nationwide Auto Loans offers that flexibility. Even if you’re looking for a more traditional loan, the company tends to have competitive rates and good customer service, making it worthy of consideration when you’re shopping around for the best deal.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee
No Prepayment Fee
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
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Identity
Loan Amount $1,000 - $100,000
APR (Fixed APR) Starting at 2.25%
Loan Term Up to 84 months

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