in Auto Loans
Strongly not recommended
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Where does RoadLoans do business?
RoadLoans is a direct lender based in Dallas, TX. It was founded in 2000 and offers auto loans in 45 states (and Washington, DC).
How much can you borrow via RoadLoans?
RoadLoans auto loan amounts start at $5,000 and go up to $75,000.
What APR does RoadLoans offer on its auto loans?
RoadLoans offers a auto 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 loan term you can get with RoadLoans?
RoadLoans 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 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.
What do you need to qualify for a loan with RoadLoans?
Applicants with a credit score of at least 550 can apply for a loan via RoadLoans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
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 an auto loan via RoadLoans?
RoadLoans will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 1 business day of approval.
ROADLOANS Disclosure: "Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 70 months, would have a monthly payment of $353.63 with no down-payment required."
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Santander Consumer USA Inc
1601 Elm St. STE 800
Dallas, TX 75201 USA
- Visit Site
- Washington, DC
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Prepayment Fee|
|Credit Score Range||
550 - 850
850 300 550
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||12|
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $75K|
|Loan Term (Months)||Up to 72|
|APR||Starting at 1.99%|