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  Clearlane by Ally

Clearlane by Ally

in Auto Loan Refinancing from Ally Financial Inc.

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Clearlane by Ally

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in Auto Loan Refinancing from Ally Financial Inc.

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Highlights
Highlights
APR  (Fixed APR) 3.64% - 21.9%
Credit Score Range 600 - 850
Loan Term 36 - 72 months
Loan Amount $5,000 - $100,000

Clearlane by Ally Review

Clearlane by Ally is an auto loan refinance offering by Ally Financial Inc., based in Philadelphia, PA. Founded in 2001, Ally Financial Inc. offers auto refinance loans in 50 states (and Washington, DC).

How much can you borrow via Clearlane by Ally?

Auto refinance loan amounts start at $5,000 and go up to $100,000.

What are the auto loan refinancing rates offered through Clearlane by Ally?

Clearlane by Ally offers a fixed APR auto loan refinancing product that ranges from 3.64% APR up to 21.9% APR.

What is the maximum loan term you can get with Clearlane by Ally?

Clearlane by Ally offers auto refinancing with terms ranging from 36 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 Clearlane by Ally charge an origination fee on auto refinance loans?

Yes, Clearlane by Ally charges a loan origination fee.

Origination fees and requirements vary by state.

Does Clearlane by Ally charge a late fee?

Yes, auto refinance loans via Clearlane by Ally are subject to late payment penalty fees.

Does Clearlane by Ally charge prepayment fees?

Yes, Clearlane by Ally 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 Clearlane by Ally?

Applicants with a credit score of at least 600 and up to 850 are eligible for Clearlane by Ally.

Clearlane by Ally does not have or does not disclose a minimum annual income eligibility requirement. Clearlane by Ally 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 Clearlane by Ally. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

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

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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

Credit Score Range 600 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Verification Documents Required
  • Proof of Residence
  • Recent Pay Stubs
  • Social Security Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $5K - $100K
Loan Term 36 - 72 months
APR (Fixed APR) 3.64% - 21.9%

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