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  Regions Bank Auto Loans

Regions Bank Auto Loans

in Auto Loans from Regions Bank

Unaffiliated

Regions Bank Auto Loans

Unaffiliated

in Auto Loans from Regions Bank

SuperMoney Net Recommendation Score -40% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

4 users recommend
1 user is unsure
10 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Loan Amount $5,000 - $100,000
APR  (Fixed APR) 1.99% - 12.96%
Credit Score Range 650 - 850
Loan Term Up to 72 months
Number of Reviews 15

Regions Bank Auto Loans Review

Regions Bank Auto Loans is offered by Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank Auto Loans is offered in 15 states across the USA.

How much can you borrow via Regions Bank Auto Loans?

Regions Bank Auto Loans auto loan amounts start at $5,000 and go up to $100,000.

What APR does Regions Bank Auto Loans offer on its auto loans?

Regions Bank Auto Loans offers a fixed APR auto loan product that ranges from 1.99% APR up to 12.96% 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 Regions Bank Auto Loans?

Regions Bank Auto Loans has auto loans with a maximum term of 72 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 Regions Bank Auto Loans charge an origination fee?

Yes, Regions Bank Auto Loans may charge a loan origination fee.

Does Regions Bank Auto Loans charge a late fee?

Yes, Regions Bank Auto Loans charges borrowers with a late payment penatly fee

Does Regions Bank Auto Loans charge prepayment fees?

Yes, Regions Bank Auto Loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Regions Bank Auto Loans loan?

Yes, you can. However, Regions Bank charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Regions Bank Auto Loans?

Applicants with a credit score of at least 650 and up to 850 are eligible for Regions Bank Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Regions Bank Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Regions Bank Auto Loans 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 Regions Bank Auto Loans. Their rates fall within the limits of The Military Lending Act.

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

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for an auto loan via Regions Bank Auto Loans?

Regions Bank Auto Loans will typically fund the loan within 7 business days of approval.

REGIONS BANK AUTO LOANS Disclosure: “The lowest APRs require auto-debit discount and are available only to borrowers with excellent and substantial credit history, whose loans meet other specific credit criteria, such as qualifying loan term, loan amount, loan-to-value ratio, and vehicle characteristics.”
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 15 states
  • Alabama
  • Arkansas
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Mississippi
  • Missouri
  • North Carolina
  • South Carolina
  • Tennessee
  • Texas

Feature Breakdown

Application Fee $0
Minimum Age 18
Credit Score Range 650 - 850
Immigration Status Considered
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Maximum Vehicle Age 7
Military Status
  • Active Duty Military
  • Non-Military
Joint Loan Applications Accepted
  • Cosigner
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $5K - $100K
Loan Term Up to 72
APR (Fixed APR) 1.99% - 12.96%

Regions Bank Auto Loans Community Reviews

 

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