| APR (Fixed APR) | Starting at 3.59% |
| Credit Score Range | 650 - 850 |
| Loan Term | 12 - 72 months |
| Loan Amount | $3,000 - $100,000 |
US Bank Auto Refinance Review
US Bank Auto Refinance is an auto loan refinance offering by US Bank, based in Minneapolis, MN. Founded in 1863, US Bank offers auto refinance loans in 16 states across the USA.
How much can you borrow via US Bank Auto Refinance?
Auto refinance loan amounts start at $3,000 and go up to $100,000.
What are the auto loan refinancing rates offered through US Bank Auto Refinance?
US Bank Auto Refinance offers a fixed APR auto loan refinancing product that ranges from 3.59% APR.
What is the maximum loan term you can get with US Bank Auto Refinance?
US Bank Auto Refinance offers auto refinancing with terms ranging from 12 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 US Bank Auto Refinance charge an origination fee on auto refinance loans?
Yes, US Bank Auto Refinance charges a loan origination fee.
Does US Bank Auto Refinance charge a late fee?
Yes, auto refinance loans via US Bank Auto Refinance are subject to late payment penalty fees.
Does US Bank Auto Refinance charge prepayment fees?
Yes, US Bank Auto Refinance 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 US Bank Auto Refinance?
Applicants with a credit score of at least 650 and up to 850 are eligible for US Bank Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.US Bank Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement. US Bank Auto Refinance will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
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 US Bank Auto Refinance. Their rates fall within the limits of The Military Lending Act.
Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
What is the maximum mileage to refinance with US Bank?
US Bank is an option for high-mileage vehicles. They will consider auto loan applications for vehicles with up to 100000 miles on the odometer.
What is the estimated funding time for an auto loan refinance with US Bank Auto Refinance?
Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 7 days of approval.
Availability
- California
- Colorado
- Idaho
- Illinois
- Iowa
- Kansas
- Minnesota
- Montana
- Nebraska
- Nevada
- North Dakota
- Oregon
- South Dakota
- Utah
- Wisconsin
- Wyoming
Feature Breakdown
| Credit Score Range | 650 - 850 |
| Employment Statuses Considered |
|
| Immigration Status Considered | U.S. Permanent Resident |
| Joint Loan Applications Accepted | Individual Applications |
| Maximum Mileage | 100,000 |
| Military Status |
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| Minimum Age | 18 |
| Supported Income Types |
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| Verification Documents Required |
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