U.S. Bank | Auto Loan

3.3

U.S. Bank offers standard auto loans with discounts for account holders and rare lease buyout options.

Loan Details

Loan Amount Starting at $5,000
APR From As low as 5.83%
Min Credit Score Not Specified

Rates by Type

	New/Used Car Loans	Refinancing
APR	Starting at 5.83%	Starting at 6.88%
Loan Amounts	From $5,000	From $5,000
Loan Terms	12-60 months	12-72 months

Disclaimer: We are an independent information site, not an insurance company. All figures are estimates for comparison only; table data represents full coverage premiums. Please verify final quotes and terms directly with the insurer.

Pros & Cons

Pros

Shop vehicles online before visiting dealers.
Get a 0.20% rate discount with Smart Rewards.
Use preapproval, then finalize at a branch.

Cons

U.S. Bank charges an early closure fee within one year.
The minimum loan amount is high at $5,000.
Lowest rates require an 800 score and low financing.

Eligibility

U.S. Bank does not state specific credit score or minimum income requirements, but applicants must be legal residents of the United States and at least 18 years old.

Request a loan term of 60 months or less.
Have a credit score of 800 or higher.
The vehicle must be less than 1 year old.
The loan amount must be $40,000 or more.
The loan-to-value (LTV) ratio must be between 111% and 115.99%.
Autopay must be set up from a U.S. Bank personal checking or savings account.

Application

Apply Now

You can apply for a loan with U.S. Bank online, by phone, or at a branch. However, if you want to use the preapproval process, you will need to complete the loan at a branch.

Your requested loan amount.
Your Social Security number.
Your employer's name and address.
Your annual gross income before deductions.
The car's year, make, model, and estimated value.
The car lienholder's name and payoff amount for auto refinancing or a private party purchase with a lien.