Last Updated: 04/18/2025
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Highlights
Community Rating
Mostly recommended
Amount Range
$3,000 - $100,000
APR (Fixed APR)
2.84% - 7.64%(Verified 06/21/2024)
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Credit Score Range
650 - 850
Loan Term (Months)
12 - 72
Number of Reviews
US Bank Auto Loan Review
US Bank Auto Loan is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank auto loan are available in 49 states.
US Bank auto loan FAQ
How much can you borrow via US Bank auto loan?
US Bank auto loan loan amounts start at $3,000 and go up to $100,000.
What APR does US Bank auto loan offer on its car loans?
US Bank auto loan offers a fixed apr car loan product that ranges from 2.84% APR up to 7.64% 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 US Bank auto loan?
US Bank auto loan has car loans with terms ranging from 12 to 72 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does US Bank auto loan charge an origination fee?
Yes, US Bank auto loan may charge a loan origination fee up to 1% of the auto loan amount .
Does US Bank auto loan charge a late fee?
Yes, US Bank auto loan charges borrowers with a late payment penatly fee
Does US Bank auto loan charge prepayment fees?
Yes, US 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 US Bank auto loan loan?
Yes, you can. However, US 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 US Bank Auto Loan?
Applicants with a credit score of at least 650 and up to 850 may be eligible for US Bank Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. US Bank Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via US Bank auto loan?
US Bank auto loan will typically fund the car loan within 7 business days of approval.Does US Bank Auto Loan report your account activity to credit bureaus?
Yes, US Bank Auto Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does U.S. Bank perform a hard credit pull?
Yes, US Bank auto loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is U.S. Bank a legit company?
U.S. Bank was founded in 1863, it is a well-established company that has been in business for 163 years. US Bank Auto Loan is mostly recommended by SuperMoney community users.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from US Bank auto loan
Message from our editor
What We Love About U.S. Bank Auto Loans
In addition to providing financing for used and new vehicles, U.S. Bank also offers the option to refinance an existing car loan. The loans available range in size from $3,000 to $100,000, and some consumers can finance up to 115% LTV without needing to make a down payment. Discounts are also available if you meet certain requirements, such as having a U.S Bank checking account with autopay and purchasing an EPA-Certified SmartWay vehicle.
What Could U.S. Bank Do Better?
Those who don’t have the best credit will need to pay a down payment to get an auto loan with U.S. Bank. Also, U.S. Bank often receives less than excellent ratings on its customer satisfaction and service. The company requires a large amount of information to get an auto loan, which can make the application process tedious and frustrating for some people. This is a massive bank that may not be the right choice for someone who prefers a more personal connection with a lender.
U.S. Bank Backstory
As the seventh-largest bank in the United States, U.S. Bank offers trusts, banking, investment, mortgage, and payment services. The bank serves individuals as well as businesses, other financial institutions, and various government entities. As one of the largest banks in the country, U.S. Bank has a division specifically designed to offer auto loans called U.S. Bank Auto Loans. Most people will have a U.S. Bank in their vicinity if they wish to visit a physical location.
The Verdict
Those with good credit who don’t mind working with larger banks may be happy with the auto loans from U.S. Bank. Others may find that a smaller bank is a better fit. Individuals who have spotty credit may also want to choose a bank or credit union that offers lower rates to borrowers with poor credit. But some will appreciate the rates at U.S. Bank and the discounts available for opening a bank account or choosing an eco-friendly vehicle.
When choosing an auto loan provider, make sure you know all of your options so you can get the best rate and terms. Click here to read reviews and ratings of many auto loans available today.
Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 5:30PM
Saturday
Closed