in Auto Loans from USAA
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USAA is an auto purchase finance offering by USAA, a bank based in San Antonio, TX. Founded in 1922, USAA offers auto loans in 50 states (and Washington, DC).
How much can you borrow via USAA?
USAA auto loan amounts start at $5,000 and go up to $3,000,000.
What APR does USAA offer on its auto loans?
USAA offers a fixed APR auto loan product that ranges from 3.56% APR up to 16.28% APR. Rate is quoted with autopay discount*.
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 USAA?
USAA has auto loans with terms ranging from 12 to 84 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 USAA charge an origination fee?
No, USAA 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 USAA charge a late fee?
Yes, USAA charges borrowers with a late payment penatly fee
Does USAA charge prepayment fees?
No, USAA will not charge you a fee for paying your loan early. Whenever possible choose lenders like USAA that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with USAA?
Applicants with a credit score of at least 560 can apply for a loan via USAA. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan via USAA?
USAA will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 1 business day of approval.
9800 Fredericksburg Road
San Antonio, TX 78288 USA
- Visit Site
Other Services by USAA
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Credit Score Range||
560 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $3M|
|Loan Term (Months)||12 - 84|
|APR (Fixed APR)||3.56% - 16.28%|