States We Serve
[AL] Alabama - (1)
[CA] California - (12)
[CO] Colorado - (4)
[FL] Florida - (1)
[GA] Georgia - (3)
[IL] Illinois - (3)
[IN] Indiana - (1)
[IA] Iowa - (1)
[MD] Maryland - (1)
[MA] Massachusetts - (1)
[MI] Michigan - (3)
[MN] Minnesota - (1)
[NE] Nebraska - (1)
[NJ] New Jersey - (1)
[NY] New York - (1)
[NC] North Carolina - (1)
[OH] Ohio - (3)
[OR] Oregon - (2)
[PA] Pennsylvania - (1)
[RI] Rhode Island - (1)
[SC] South Carolina - (2)
[TN] Tennessee - (1)
[TX] Texas - (19)
[UT] Utah - (3)
[VA] Virginia - (1)
[WI] Wisconsin - (1)


US Bank

800 Nicollet Mall BC-MN-H02T, Minneapolis, MN, 55402, USA


Features


US Bank Overview

US Bank is a financial services company that was founded in 1891. The business is owned by U.S. Bancorp, Inc., which has $433 billion in assets and is based in Minneapolis, Minnesota. The parent company has received high financial ratings including an A+ from the BBB, an A+ from Standard and Poor’s and an A1 from Moody’s.

How Do US Bank’s Auto Loans Work?

With US Bank, there are three type of auto loans available: refinancing loans, new car loans, and used car loans. 

If you haven’t purchased a car yet and want to know how much you can potentially borrow, you can apply for auto loan pre-approval, which does prompt a credit check but doesn't require you to provide any vehicle-specific information.

What Are the Rates and Fees for US Bank’s Auto Loans?

- The rates for US Bank auto loans start at 3.12% APR.

- Consumers may have to pay an origination fee, which varies by state and ranges from $50 to 1% of the loan amount.

- Closing your account early may subject you to a closure fee of up to 1% of the original loan.

- US Bank does offer a Green Auto Loan Rate Discount, which means you may be eligible for a 0.5% APR discount off your rate when financing a new or used EPA Certified SmartWay Vehicle.

How Much Money Can I Borrow for US Bank Auto Loans?

With US Bank, auto financing is available for a minimum loan of $3,000 and a maximum loan of $100,000. Customers can finance up to 115%, and no down payment is required.

What Is US Bank’s Application Process Like?

For a US Bank auto loan, you can apply online, by phone or in person at a local branch. You will be required to detail your annual income and contact information. Most applicants will receive a credit decision on the same day. If approved, you'll be contacted to schedule a loan closing appointment to complete the loan process in person at a local branch.

How Are US Bank’s Auto Loans Better than Other Auto Loans?

- US Bank offers low rates including a discount for green cars.

- Credit decisions are often communicated within two hours of submitting an application.

- You can apply for pre-approval to know how much you will be able to borrow you start looking for a car.

- US Bank operates branches throughout the country.

Credit Bureau Reporting
Loan Amount$3K - $100K
Payment Options:
Automatic Payments
Check by mail
APR:Starting at 3.12%
Min APR:
Max Loan Term (Months)72
Checking Account Required?
Lend To Military?
Immigration Status Considered:U.S. Permanent Resident
Minimum Age:18
Verification Documents Required:
Driver license (or other photo ID)
Proof of citizenship/residence
Customizable Payment Dates
Joint Loans Available
No Origination Fee
Pre-Approved Soft Credit Inquiry
Approval Speed (Hours)24
Deferred Payments
No Late Fees
No Prepayment Fee
Minutes
1-7 days
Same Day
2-4 weeks
Application Fee
Lease Purchase
Refinance
Institution TypeBank
New Loan
Used Car Loan

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Reviews


February 27, 2017

I'm on disability and I need a vehicle so I can get around,but I don't have the money to buy it.

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