in Auto Loans
Strongly not recommended
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Where does SunTrust Bank do business?
SunTrust Bank is a bank based in Atlanta, GA. It was founded in 1865 and offers auto loans in 50 states across the USA.
How much can you borrow via SunTrust Bank?
SunTrust Bank auto loan amounts start at $5,000 and go up to $100,000.
What APR does SunTrust Bank offer on its auto loans?
SunTrust Bank offers a auto loan product that ranges from 2.99% APR up to 10.29% 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 SunTrust Bank?
SunTrust Bank has auto loans with a maximum term of 84 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 SunTrust Bank charge an origination fee?
No, SunTrust Bank does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does SunTrust Bank charge a late fee?
Yes, SunTrust Bank charges borrowers with a late payment penatly fee
Does SunTrust Bank charge prepayment fees?
Yes, SunTrust Bank 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.
What do you need to qualify for a loan with SunTrust Bank?
Applicants with a credit score of at least 700 can apply for a loan via SunTrust Bank. 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 SunTrust Bank?
SunTrust Bank will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 1 business day of approval.
SUNTRUST BANK Disclosure: "Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher."
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303 Peachtree Street, Northeast
Atlanta, GA 30308 USA
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Other Services by SunTrust Bank
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|Credit Score Range||
700 - 850
850 300 700
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $100K|
|Loan Term (Months)||Up to 84|
|APR||2.99% - 10.29%|