USAA Auto LoanClaimed
in Auto Loans from USAA
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USAA Auto Loan Review
USAA Auto Loan is offered by USAA, a financial services company founded in 1922 and based in San Antonio, TX. USAA Auto Loan is available in 50 states (and Washington, DC).
How much can you borrow via USAA Auto Loan?
USAA Auto Loan auto loan amounts start at $5,000 and go up to $3,000,000.
What APR does USAA Auto Loan offer on its auto loans?
USAA Auto Loan 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 Auto Loan?
USAA Auto Loan 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 Auto Loan charge an origination fee?
No, USAA Auto Loan 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 Auto Loan charge a late fee?
Yes, USAA Auto Loan charges borrowers with a late payment penatly fee
Does USAA Auto Loan charge prepayment fees?
No, USAA Auto Loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like USAA Auto Loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my USAA Auto Loan loan?
Yes, you can. USAA Auto Loan does not charge a prepayment fee, so you can save money by paying your auto loan early.
What do you need to qualify for USAA Auto Loan?Applicants with a credit score of at least 560 and up to 850 are eligible for USAA Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
USAA Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. USAA Auto Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
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 USAA Auto Loan. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by USAA Auto Loan. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license
- Proof of citizenship or residence permit
What is the estimated funding time for an auto loan via USAA Auto Loan?USAA Auto Loan 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
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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|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||Individual Applications|
|Supported Income Types||
|Verification Documents Required||
|Credit Score Range||
560 - 850
|Loan Amount||$5,000 - $3,000,000|
|APR (Fixed APR)||3.56% - 16.28%|
|Loan Term||12 - 84 months|