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Chase auto loans review May 2017

Chase auto loans can provide you with the money you need to get a new or used car at low rates, if you qualify.

With an easy online application, discounts for existing Chase customers and low interest rates, a Chase auto loan could make it easy for you to purchase your next set of wheels.

What is a Chase auto loan?

Chase offers auto loans that can help you purchasing your next vehicle. Terms range from four to eight years with APR rates as low as 2.59%. However, your creditworthiness will affect the rate you ultimately get.

Product nameChase auto loan
Interest rateAs low as 2.59%, but varies by creditworthiness
Minimum amount$7,500
Maximum amount$100,000
Minimum loan term48 months
Maximum loan term72 months

Compare lenders who may offer auto loans

Rates last updated May 27th, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Minimum Credit Score Max. Loan Amount APR Requirements
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
640 $35,000 From 5.99% (fixed) You are over 18 years of age, you are an American citizen or a permanent resident of the US, and you don’t have bad credit history. Go to site More
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
660 $40,000 From 5.99% (fixed) You must be over 18 years of age, a permanent resident of the US or an American citizen and have a steady source of income. Go to site More
Upstart Personal Loans
This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.
660 $50,000 From 7.16% (fixed) 18+. US citizen or permanent resident. 660 credit score or higher. Go to site More
NetCredit Personal Loan
You could borrow up to $10,000 and get an interest rate personalized to your credit score
550 $10,000 From 34% (variable) Varies based upon state of application Go to site More
SoFi Personal Loan Fixed Rate (with Autopay)
Borrow up to $100,000 with a competitive APR and no fees.
Good to excellent credit $100,000 From 5.49% (fixed) You must be a U.S. citizen or permanent resident 18 years or older. Go to site More
OneMain Financial Personal Loans
Get funded quickly with a term loan that works for your circumstances — even with bad or no credit.
600 $25,000 From 12.99% (fixed) Eligibility for a loan is determined by your financial history, credit history, income and expenses, and whether or not you have ever filed for bankruptcy. More
Avant — Personal Loan
Check your rate — without affecting your credit score — before applying for this unsecured personal loan.
600 $35,000 From 9.95% (fixed) You must have at least a fair credit score of 580 or more), provide proof of a steady income and be a US resident who is at least 18 years old. More

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  • If the provider quotes a different rate to the one above please let us know

What are the benefits of Chase auto loans?

  • Low interest. Depending on your creditworthiness, you could pay less than what you’ll find at other banks.
  • High maximum amount. Chase decides how much you can borrow based on your ability to pay back the loan.
  • Customer discounts. Existing Chase customers can get a 0.25% savings on interest rates.
  • Reputable institution. Chase is one of the largest financial institutions in the country.
  • Highly accessible. Access Chase’s services at more than 5,000 branches in the US.

What to watch out for

Chase offers competitive rates, but the rate you get ultimately depends on the car you’re wanting to buy and your overall creditworthiness. Use Chase’s online Payment Calculator to estimate your monthly payments and total interest over the life of a loan.

The shortest term length for a Chase auto loan 48 months, so interest can add up over four years if you make minimum payments only.

Am I eligible?

How much you ultimately receive for your auto loan depends on your income, your overall creditworthiness and the vehicle you want to buy.

For approval, you must:

  • Be at least 18 years old.
  • Submit proof that you are US citizen or permanent resident.
  • Submit proof of your source of income.

I got a Chase auto loan. Now what?

You got your Chase auto loan and are now ready buy the car you want.

A few things to keep in mind:

  • Set up automatic payments. Avoid late payment fees by arranging automatic withdrawals from a Chase or another bank account.
  • Pay more than the minimum. To avoid excessive interest charges over the life of your auto loan, consider paying more than the amount required each month.

Bottom line

Chase auto loans offer competitive rates and discounts for existing customers looking to finance a car.

But to make sure that you’re not missing out on shorter terms or better rates in your area, compare other car loans.

Frequently asked questions about Chase auto loans

No, Chase auto loans can be used to purchase cars, small trucks and minivans only.

Yes, you can apply online to fund a car that’s up to five years old and under 75,000 miles. To fund the purchase of an older car, you’ll need to call Chase customer service for your possible options.

Yes. Look into lowering your current payments by refinancing an existing auto loan on Chase’s website.

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US Personal Loans Offers

Learn about our information service
Lending Club Personal Loan

Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.

Prosper Personal Loan

Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.

Upstart Personal Loans

This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.

PersonalLoans.com

An online loan matching service that connects you with lenders for peer-to-peer, personal and bank loans for a variety of purposes.

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