Where does Bank of America do business?
Bank of America is a bank based in Charlotte, NC. It was founded in 1784 and offers auto refinance loans in state across the USA.
How much can you borrow via Bank of America?
Auto refinance loan amounts start at $7,500 and go up to $100,000.
What are the auto loan refinancing rates offered through Bank of America?
Bank of America offers a fixed APR auto refinance loan product.
What is the maximum loan term you can get with Bank of America?
Bank of America offers auto refinancing with terms ranging from 12 to 60 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 Bank of America charge an origination fee on auto refinance loans?
Yes, Bank of America charges a loan origination fee.
Does Bank of America charge a late fee?
Yes, auto refinance loans via Bank of America are subject to late payment penalty fees.
Does Bank of America charge prepayment fees?
Yes, Bank of America 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 are the key eligibility criteria for Bank of America auto loan refinancing?
Applicants with a credit score of at least 580 can apply for a loan via Bank of America. 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 refinance with Bank of America?
Auto refinance loan applications are typically approved (or denied) within 1 hour and funded within 0 to 1 days of approval.
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100 North Tryon Street
Charlotte, NC 28255 USA
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Other Services by Bank of America
|Credit Score Range||
580 - 850
850 300 580
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||10|
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$7.5K - $100K|
|Loan Term (Months)||12 - 60|
|APR (Fixed APR)||Starting at 4.39%|