Finova Financial Auto Equity Loan Review

Finova Financial Auto Equity Loan is offered by Finova Financial, a direct lender founded in 2015 and based in West Palm Beach, FL. Finova Financial Auto Equity Loan is offered in 7 states across the USA.

What rates does Finova Financial Auto Equity Loan charge?

Finova Financial Auto Equity Loan offers auto title loans with a fixed APR that ranges from 17% up to 30%.

Does Finova Financial Auto Equity Loan charge an origination fee?

Yes, Finova Financial Auto Equity Loan charges a loan origination fee.

Does Finova Financial Auto Equity Loan charge a late fee?

Yes, Finova Financial Auto Equity Loan charges borrowers a late payment fee.

Does Finova Financial Auto Equity Loan charge prepayment fees?

No, Finova Financial Auto Equity Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Finova Financial Auto Equity Loan?

Loan amounts start at $500 and go up to $5,000.

What is the maximum loan term you can get with Finova Financial Auto Equity Loan?

Finova Financial Auto Equity Loan offers auto title loans with terms ranging from 12 to 24 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 title loan, the more interest you will pay.

What do you need to qualify for Finova Financial Auto Equity Loan?

To qualify for a loan, you must have a clean title of your vehicle. In other words, you must be the undisputed owner of the vehicle. You can't have any liens or levies from creditors or other parties on your vehicle's title. Don't worry, there are other lenders who will consider borrowers who don't have a clean title.

Applicants with a credit score of at least 300 and up to 700 are eligible for Finova Financial Auto Equity Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Finova Financial Auto Equity Loan does not have or does not disclose a minimum annual income eligibility requirement. Finova Financial Auto Equity Loan 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 Finova Financial Auto Equity Loan. 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

What is the estimated funding time for an auto title loan via Finova Financial Auto Equity Loan?

Finova Financial Auto Equity Loan will typically provide a credit approval decision in less than an hour and fund the loan within 7 and 14 business days.