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  888 Drop My Rate

888 Drop My Rate

in Auto Loan Refinancing from Prestige Financial Services Inc.

Unaffiliated

888 Drop My Rate

Unaffiliated

in Auto Loan Refinancing from Prestige Financial Services Inc.

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Highlights
Highlights
APR  (Fixed APR) Starting at 5%
Credit Score Range 300 - 700
Loan Term 24 - 72 months
Loan Amount $5,000 - $50,000

888 Drop My Rate Review

888 Drop My Rate is an auto loan refinance offering by Prestige Financial Services Inc., based in Salt Lake City, UT. Founded in 1994, Prestige Financial Services Inc. offers auto refinance loans in 50 states (and Washington, DC).

How much can you borrow via 888 Drop My Rate?

Auto refinance loan amounts start at $5,000 and go up to $50,000.

What are the auto loan refinancing rates offered through 888 Drop My Rate?

888 Drop My Rate offers a fixed APR auto loan refinancing product that ranges from 5% APR.

What is the maximum loan term you can get with 888 Drop My Rate?

888 Drop My Rate offers auto refinancing with terms ranging from 24 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 auto refinancing loan, the more interest you will pay.

Does 888 Drop My Rate charge an origination fee on auto refinance loans?

Yes, 888 Drop My Rate charges a loan origination fee of 0% of the loan amount. 888 Drop My Rate 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 888 Drop My Rate charge a late fee?

Yes, auto refinance loans via 888 Drop My Rate are subject to late payment penalty fees.

Does 888 Drop My Rate charge prepayment fees?

Yes, 888 Drop My Rate does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment feees can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for 888 Drop My Rate?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

888 Drop My Rate does not have or does not disclose a minimum annual income eligibility requirement. 888 Drop My Rate only considers borrowers who are employed.

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 888 Drop My Rate. 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:

  • Recent pay stubs
  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit

What is the estimated funding time for an auto loan refinance with 888 Drop My Rate?

Auto refinance loan applications are typically approved (or denied) within 1 hour and funded within 7 to 14 days of approval.

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Other Services by Prestige Financial Services Inc.

Availability

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 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
Origination Fee (%) 0%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Individual Applications
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Verification Documents Required
  • Proof of Identity
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
APR (Fixed APR) Starting at 5%
Loan Term 24 - 72 months
Loan Amount $5K - $50K

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