Where does Bank of America do business?

Bank of America is based in Charlotte, NC. It was founded in 1784 and offers auto loan refinancing in state across the USA.

What are Bank of America’s auto loan refinancing rates?

Bank of America offers refinance loans with APRs starting at 2.99% .

What is the maximum loan term for a Bank of America refinance loan?

Bank of America offers auto refinancing loans with terms of up to 72 months.

Does Bank of America charge an origination fee?

Yes, Bank of America charges a loan origination fee .

Does Bank of America charge a late fee?

Yes, Bank of America charges borrowers with a late payment penatly fee.

Does Bank of America charge prepayment penalties?

Yes, Bank of America does charge borrowers a penalty fee if they pay their loans early. Consider prepayment penalty fees when you choose a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

What is Bank of America’s eligibility criteria?

Bank of America requires borrowers to have a credit score of at least 580 to apply for auto loan refinancing.

To qualify, applicants must 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?

Bank of America will typically approve (or deny) a loan application within 1 hour and fund auto refinance loans within 0 and 1 days of approval


  • Payment Options
    • Automatic Payments
    • Check by mail
  • Max Loan Term (Months)
  • Credit Score Range
    580 - 850
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Maximum Vehicle Age
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • APR
    Starting at 2.99%
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    Up to 1
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