in Auto Loans from Boro




in Auto Loans from Boro

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Loan Amount $5,000 - $60,000
APR (Fixed APR) 4.49% - 36%
Credit Score Range 300 - 850
Loan Term (Months) 12 - 45


Where does Boro do business?

Boro is a direct lender based in Chicago, IL. It was founded in 2015 and offers auto loans in 31 states across the USA.

How much can you borrow via Boro?

Boro auto loan amounts start at $5,000 and go up to $60,000.

What APR does Boro offer on its auto loans?

Boro offers a fixed APR auto loan product that ranges from 4.49% APR up to 36% 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 Boro?

Boro has auto loans with terms ranging from 12 to 45 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 Boro charge an origination fee?

Yes, Boro may charge a loan origination fee of 0% to 1.99% of the loan amount. Boro deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Boro charge a late fee?

Yes, Boro charges borrowers with a late payment penatly fee of up to $15, which is triggered if you're 15 days late

Does Boro charge prepayment fees?

No, Boro will not charge you a fee for paying your loan early. Whenever possible choose lenders like Boro 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 Boro?

Applicants with a credit score of at least 300 can apply for a loan via Boro. 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
  • An active and valid checking account

What is the estimated funding time for an auto loan via Boro?

Boro will typically fund the loan within 2 business days of approval.

Does Boro report loan payments to credit bureaus?

Boro may report credit data to the following credit reporting agencies:

  • Experian
  • Transunion
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  • Headquarters
  •   320 W Ohio St, STE 300
    Chicago, IL 60654 USA

Message from Boro

We offer auto loans to international students and expats without SSN or credit history required.

Other Services by Boro


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 31 states
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Massachusetts
  • Michigan
  • Nebraska
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Late Fee After (number of days) 15
Late Fee Amount $15
Origination Fee 0% - 1.99%
Minimum Age 18
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
Bank Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
  • Unemployed
Maximum Vehicle Age 7
Maximum Mileage 70,000
Military Status
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
Joint Loan Applications Accepted
  • Cosigner
  • Individual Applications
Verification Documents Required
  • Driver License (or other photo ID)
Loan Amount $5K - $60K
Loan Term (Months) 12 - 45
APR (Fixed APR) 4.49% - 36%

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