Where does Wilshire Consumer Credit do business?
Wilshire Consumer Credit is based in Los Angeles, CA. It was founded in 1988 and offers auto loans in 5 states across the USA.
How much can you borrow via Wilshire Consumer Credit?
Wilshire Consumer Credit auto loan amounts start at $3,500 and go up to $50,000.
What APR does Wilshire Consumer Credit offer on its auto loans?
Wilshire Consumer Credit has a variable APR starting at 5%.
What is the maximum loan term you can get with Wilshire Consumer Credit?
Wilshire Consumer Credit has auto loans with a maximum term of 44 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 auto loan, the more interest you will pay.
Does Wilshire Consumer Credit charge an origination fee?
Yes, Wilshire Consumer Credit may charge a loan origination fee.
Does Wilshire Consumer Credit charge a late fee?
Yes, Wilshire Consumer Credit charges borrowers with a late payment penatly fee
Does Wilshire Consumer Credit charge prepayment fees?
Yes, Wilshire Consumer Credit 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.
What do you need to qualify for a loan with Wilshire Consumer Credit?
Applicants with a credit score of at least 500 can apply for a loan via Wilshire Consumer Credit. 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 Wilshire Consumer Credit?
Wilshire Consumer Credit will typically approve (or deny) an auto loan application within 48 hours and fund the loan within 7 business days of approval.
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- South Carolina
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Active Duty Military
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)