Truist Bank Auto Loan

Truist Bank Auto Loan Review

Truist Bank Auto Loan is offered by Truist Financial Corporation, a bank founded in 2019 and based in Charlotte, NC. Truist Bank Auto Loan are available in 50 states (and Washington, DC).

Truist Bank Auto Loan FAQ

How much can you borrow via Truist Bank Auto Loan?

Truist Bank Auto Loan loan amounts start at $3,500.

What APR does Truist Bank Auto Loan offer on its car loans?

Truist Bank Auto Loan offers a fixed apr car loan product that ranges from 5.82% APR up to 12.97% 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 Truist Bank Auto Loan?

Truist Bank Auto Loan has car loans with a maximum term of 84 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 Truist Bank Auto Loan charge an origination fee?

Yes, Truist Bank Auto Loan may charge a loan origination fee.

Does Truist Bank Auto Loan charge a late fee?

Yes, Truist Bank Auto Loan charges borrowers with a late payment penatly fee

Does Truist Bank Auto Loan charge prepayment fees?

Yes, Truist Bank Auto Loan 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 Truist Bank Auto Loan loan?

Yes, you can. However, Truist Bank Auto Loan 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 Truist Bank Auto Loan?

Truist Bank Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Truist Bank Auto Loan only considers borrowers who are employed. Note that borrowers can add a cosigner or a co-borrower 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 Truist Bank Auto Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Truist Bank Auto Loan.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit

Is Truist Financial Corporation a legit company?

Truist Bank Auto Loan was founded in 2019. It is an established company with approximately 59,000 employees that has been in business for 4 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.