Features

Where does SunTrust Bank do business?

SunTrust Bank is based in Atlanta, GA. It was founded in 1865 and offers auto loans in 50 states across the USA.

What APR does SunTrust Bank offer on its auto loans?

SunTrust Bank offers auto loans with APRs starting at 2.99% and up to 10.29%.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 inaccuate information in your credit history with these credit monitoring tools

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?

SunTrust Bank requires borrowers to have a credit score of at least 700 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 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.

  • Max Loan Term (Months)
    84
  • Institution Type
    Bank
  • Credit Score Range
    700 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
    18
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • No Origination Fee
  • Approval Speed (Hours)
    24
  • Funding Time Range (in days)
    Up to 1
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $5000 - $100000
  • APR
    2.99% - 10.29%
"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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