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  Regions Bank Auto Loans

Regions Bank Auto Loans

in Auto Loans from Regions Bank

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Regions Bank Auto Loans

Unaffiliated

in Auto Loans from Regions Bank

SuperMoney Net Recommendation Score -44

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -44, equating to 2.1 on a 5 point rating scale.

-44

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
11 users don't recommend
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Highlights
Community Rating Mostly not recommended
Credit Score Range 650 - 850
Loan Amount $5,000 - $100,000
APR  (Fixed APR) 4.05% - 12.03%
Loan Term (Months) Up to 72 months
Number of Reviews 16

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 available in 15 states across the USA.

Regions auto loans FAQ

How much can you borrow via Regions auto loans?

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

What APR does Regions auto loans offer on its car loans?

Regions auto loans offers a fixed apr car loan product that ranges from 4.05% APR up to 12.03% 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 Regions auto loans?

Regions auto loans has car loans with a maximum term of 72 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 Regions auto loans charge an origination fee?

Yes, Regions auto loans may charge a loan origination fee.

Does Regions auto loans charge a late fee?

Yes, Regions auto loans charges borrowers with a late payment penatly fee

Does Regions auto loans charge prepayment fees?

Yes, Regions 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 auto loans loan?

Yes, you can. However, Regions auto loans charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car 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 may be 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 are eligible to apply for a loan via Regions Bank Auto Loans. Their rates fall within the limits of The Military Lending Act.

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

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 a car loan via Regions auto loans?

Regions auto loans will typically fund the car loan within 7 business days of approval.

Does Regions Bank Auto Loans report your account activity to credit bureaus?

Yes, Regions Bank Auto Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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...
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 Regions Bank Auto Loans

Regions Financial Corporation is a member of the SandP 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest and Texas. When you pair a strong corporate culture with a mission aimed at making life better, the result can be outstanding. Our strategic approach to diversity and inclusion is the right thing to do for our customers, communities, associates and shareholders.

Finance your car with a Regions auto loan. Get a low-interest car loan that fits your budget or refinance an existing auto loan for a better rate — it's quick and easy to apply. Enjoy complimentary Guaranteed Asset Protection (GAP) coverage when you finance a car with Regions. In the event of a total loss or an unrecovered theft of your vehicle, GAP protects your investment by waiving the loan balance not covered by your primary insurance carrier settlement.

Availability

  Available in 15 states
  • Alabama
  • Arkansas
  • Florida
  • Georgia
  • Iowa
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Missouri
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Texas

Feature Breakdown

Application Fee $0
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Maximum Vehicle Age 7
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Vehicle Type Auto
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 7 days
Payment Options
  • Automatic Payments
  • Check by mail
Loan Amount $5,000 - $100,000
APR (Fixed APR) 4.05% - 12.03%
Loan Term Up to 72 months

Regions Bank Auto Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -44, equating to 2.1 on a 5 point rating scale.

-44

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.

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