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SunTrust Bank

in Auto Loan Refinancing

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SunTrust Bank

Unaffiliated

in Auto Loan Refinancing

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Overview

Where does SunTrust Bank do business?

SunTrust Bank is based in Atlanta, GA. It was founded in 1865 and offers auto refinance loans in state across the USA.

What are the auto loan refinancing rates offered through SunTrust Bank?

APRs for auto refinance loans through SunTrust Bank range from 2.19% to 8.34%.

What is the maximum loan term you can get with SunTrust Bank?

SunTrust Bank offers auto refinancing with a maximum term of 84 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 SunTrust Bank charge an origination fee on auto refinance loans?

No, SunTrust Bank does not charge a loan origination fee for refinancing an auto loan.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.

Does SunTrust Bank charge a late fee?

Yes, auto refinance loans via SunTrust Bank are subject to late payment penalty fees.

Does SunTrust Bank charge prepayment fees?

Yes, SunTrust Bank 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 SunTrust Bank auto loan refinancing?

Applicants with a credit score of at least 700 can apply for a loan via SunTrust Bank. 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

What is the estimated funding time for an auto loan refinance with SunTrust Bank?

Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 0 to 1 days of approval

 

 

"Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher."
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Feature Breakdown

No Origination Fee
Application Fee
$0
Minimum Age
18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Only Individual Applications
Credit Score Range
700 - 850
850 300 700
Immigration Status Considered
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Verification Documents Required?
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Funding Time Range (in days)
Up to
1
Approval Speed (Hours)
24
Payment Options
  • Automatic Payments
  • Check by mail
Loan Term (Months)
Up to
84
APR
2.19% - 8.34%
2% 36%

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