Nationwide Auto Loan Review

Nationwide Auto Loan is an auto purchase finance offering by Nationwide, a bank based in Columbus, OH. Founded in 1926, Nationwide offers auto loans in 50 states (and Washington, DC).

How much can you borrow via Nationwide Auto Loan?

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

What APR does Nationwide Auto Loan offer on its auto loans?

Nationwide Auto Loan offers an auto 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 loan term you can get with Nationwide Auto Loan?

Nationwide Auto Loan 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 Auto Loan charge an origination fee?

No, Nationwide Auto Loan 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 Auto Loan charge a late fee?

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

Does Nationwide Auto Loan charge prepayment fees?

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

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