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Fifth Third Bank Auto Loans Reviews (2022) | SuperMoney

Fifth Third Bank auto loan offers a fixed apr car loan product that ranges from 2.74% APR. Your APR can vary depending on several factors, such as your credit 
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Fifth Third Bank Auto Loans Review

Fifth Third Bank Auto Loans is offered by Fifth Third Bank, a bank founded in 1858 and based in Cincinnati, OH. Fifth Third Bank Auto Loans is available in 50 states (and Washington, DC).

Fifth Third Bank auto loan FAQ

How much can you borrow via Fifth Third Bank auto loan?

Fifth Third Bank auto loan loan amounts start at $2,000 and go up to $80,000.

What APR does Fifth Third Bank auto loan offer on its car loans?

Fifth Third Bank auto loan offers a fixed apr car loan product that ranges from 2.74% APR.

Read more: Compare Current Second Home Mortgage Rates | Bankrate

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Fifth Third Bank auto loan?

Fifth Third Bank auto loan has car loans with a maximum term of 75 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Fifth Third Bank auto loan charge an origination fee?

Yes, Fifth Third Bank auto loan may charge a loan origination fee.

Does Fifth Third Bank auto loan charge a late fee?

Yes, Fifth Third Bank auto loan charges borrowers with a late payment penatly fee

Does Fifth Third Bank auto loan charge prepayment fees?

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Yes, Fifth Third Bank auto loan does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Fifth Third Bank auto loan loan?

Yes, you can. However, Fifth Third Bank auto loan charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Fifth Third Bank Auto Loans?

Applicants with a credit score of at least 700 and up to 850 may be eligible for Fifth Third Bank Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Fifth Third Bank Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Fifth Third Bank Auto Loans only considers borrowers who are employed.

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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 are eligible to apply for a loan via Fifth Third Bank Auto Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Driver’s license
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Fifth Third Bank auto loan?

Fifth Third Bank auto loan will typically fund the car loan within 7 business days of approval.

Is Fifth Third Bank a legit company?

Fifth Third Bank was founded in 1858, it is a well-established company that has been in business for 164 years. Fifth Third Bank Auto Loans are strongly not recommended by SuperMoney community users.

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