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US Bank

Unaffiliated

in Auto Loan Refinancing

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Overview

Where does US Bank do business?

US Bank is based in Minneapolis, MN. It was founded in 1863 and offers auto refinance loans in state across the USA.

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

APRs for auto refinance loans through US Bank range from 3.12% .

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

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

Yes, US Bank charges a loan origination fee.

Does US Bank charge a late fee?

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

Does US Bank charge prepayment fees?

Yes, US 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 US Bank auto loan refinancing?

Applicants with a credit score of at least 650 can apply for a loan via US 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 US Bank?

Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 7 days of approval

 

 

US BANK Disclosure: "Rates as low as 3.12% APR are available for 3-year auto loans $10,000 and higher at 100% loan-to-value (LTV) or less. Rates may be higher for loans to purchase a vehicle from a private party, smaller loan amounts, longer terms, vehicles older than 6 model years and a lower credit score. In order to receive the lowest rate advertised, a setup of automatic payment from a U.S. Bank Consumer Checking Package is required."
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Feature Breakdown

Minimum Age
18
Joint Loan Applications Accepted
  • Only Individual Applications
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Credit Score Range
650 - 850
850 300 650
Immigration Status Considered
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Term (Months)
Up to
72
APR
Starting at
3.12%

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