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Loan Details at a Glance
APR Range
5.49% - 21.99%
Loan Amount
$8K - $75K
Loan Terms
1 - 6 years
Min. Credit Score
660
Overview
Bank of America offers competitive auto loans with special discounts for Preferred Rewards members and convenient branch access.
Best for: Bank of America customers seeking relationship benefits
Pros & Cons
Pros
- Rate discounts for customers
- Strong bank reputation
- Physical branch support
- Easy online application
Cons
- Best rates for existing customers
- Higher credit requirements
- Limited to dealership purchases
Key Features
- Preferred Rewards discounts
- Online pre-qualification
- New and used cars
- Dealer purchase or refinance
- No application fee
Common Uses
New car
Used car
Refinance