Where does US Bank do business?

US Bank is based in Minneapolis, MN. It was founded in 1863 and offers auto loans in 49 states across the USA.

What APR does US Bank offer on its auto loans?

US Bank offers auto loans with APRs starting at 3.12%. 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 US Bank charge an origination fee?

Yes, US Bank may charge a loan origination fee up to 1% of the loan amount.

Does US Bank charge a late fee?

Yes, US Bank charges borrowers with a late payment penatly fee

Does US Bank charge prepayment fees?

Yes, US 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 US Bank?

US Bank requires borrowers to have a credit score of at least 650 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 US Bank?

US Bank will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.

  • Max Loan Term (Months)
  • Institution Type
  • Credit Score Range
    650 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
  • Verification Documents Required?
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • Origination Fee
    Up to 1%
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Loan Amount
    $3000 - $100000
  • APR
    Starting at 3.12%
"Rates as low as 3.12% APR are available for 3-year auto loans $10,000 and higher at 100% loan-to-value (LTV) or less. Rates may be higher for loans to purchase a vehicle from a private party, smaller loan amounts, longer terms, vehicles older than 6 model years and a lower credit score. In order to receive the lowest rate advertised, a setup of automatic payment from a U.S. Bank Consumer Checking Package is required."
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