Where does Bank of America do business?

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

What are the auto loan refinancing rates offered through Bank of America?

APRs for auto refinance loans through Bank of America range from 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 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?

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

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


  • Max Loan Term (Months)
  • Credit Score Range
    580 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • 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
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    Up to 1
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    Starting at 2.99%
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