Loans/auto/Bank of America Auto Loan
Auto Loan

Bank of America Auto Loan

Bank of America

4.2
(14,600 reviews)

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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

Frequently Asked Questions

Ready to Apply?

Soft credit check
No impact on credit score
2-3 business days

Checking rates won't affect your credit score

Loan Terms

Origination Fee:0%
Prepayment Penalty:None
Collateral:Vehicle being purchased
Funding Speed:2-3 business days