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  US Bank Auto Loan

US Bank Auto Loan

in Auto Loans from US Bank

Unaffiliated

US Bank Auto Loan

Unaffiliated

in Auto Loans from US Bank

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1 user is unsure
2 users don't recommend
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Highlights
Community Rating Mostly recommended
Credit Score Range 650 - 850
Loan Amount $3,000 - $100,000
APR  (Fixed APR) 2.84% - 7.64%
Loan Term (Months) 12 - 72 months
Number of Reviews 5

US Bank Auto Loan Review

US Bank Auto Loan is offered by US Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Auto Loan is available in 49 states across the USA.

US Bank Auto Loan FAQ

How much can you borrow via US Bank Auto Loan?

US Bank Auto Loan auto loan amounts start at $3,000 and go up to $100,000.

What APR does US Bank Auto Loan offer on its auto loans?

US Bank Auto Loan offers a fixed APR auto 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 loan term you can get with US Bank Auto Loan?

US Bank Auto Loan has auto loans with terms ranging from 12 to 72 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 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 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 charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto 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. US Bank Auto Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner 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 US Bank Auto Loan. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible 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 Auto Loan?

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

US Bank Auto Loan Disclosure: 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.
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.

Availability

  Available in 49 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee (%) Up to 1%
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 Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 650 - 850
Loan Amount $3,000 - $100,000
APR (Fixed APR) 2.84% - 7.64%
Loan Term 12 - 72 months

US Bank Auto Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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