RoadLoans Car Loans Review

RoadLoans Car Loans is offered by RoadLoans, a direct lender founded in 2000 and based in Dallas, TX. RoadLoans Car Loans is available in 45 states (and Washington, DC).

How much can you borrow via RoadLoans?

RoadLoans loan amounts start at $5,000 and go up to $75,000.

What APR does RoadLoans offer on its car loans?

RoadLoans offers a fixed apr car loan product that ranges from 1.99% 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 RoadLoans?

RoadLoans 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 RoadLoans charge an origination fee?

Yes, RoadLoans may charge a loan origination fee.

Does RoadLoans charge a late fee?

Yes, RoadLoans charges borrowers with a late payment penatly fee

Does RoadLoans charge prepayment fees?

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

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

What do you need to qualify for RoadLoans Car Loans?

Applicants with a credit score of at least 550 and up to 850 may be eligible for RoadLoans Car Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

RoadLoans Car Loans does not have or does not disclose a minimum annual income eligibility requirement. RoadLoans Car Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. 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 RoadLoans Car 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:

• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a car loan via RoadLoans?

RoadLoans will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 1 business day of approval.