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.

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 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.

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.