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Fidelity Bank auto loans review

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Compare a slew of options with competitive rates — but only for residents of Pennsylvania.

  • Best for current Fidelity customers looking for a high interest rate discount.
  • Pick something else if you live outside of Northeastern Pennsylvania — you won’t qualify.

Starting at 4.12%



Product NameFidelity Bank Auto Loan
APRStarting at 4.12%
Interest Rate TypeFixed
Requirements710+ credit score or creditworthy cosigner; live in Northeastern Pennsylvania; proof of employment and income; US resident, national or permanent resident

Review by

Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.

Expert review

Fidelity Bank’s auto loans are ideal for current customers looking for competitive rates — you can shave 1% off your APR by signing up for autopay. And while many banks won’t work with individuals purchasing a car from a private party — Fidelity will. It’s also rare in that you can apply with more than two cosigners to increase your chances of approval.

But you need to live near one of the 15 branches scattered across Northeastern Pennsylvania to qualify. And it can take up to two days to hear back about approval — longer than most online lenders that can give you an answer immediately.

Don’t live in PA? Compare your other options below.

First, am I eligible?

To qualify for an auto loan from Fidelity Bank, you need to meet the following criteria at a minimum:

  • Credit score of at least 710 or apply with creditworthy cosigner
  • Resident of Northeastern Pennsylvania
  • Proof of employment and income — pay stubs or W-2s are sufficient
  • US resident, national or permanent resident

Having a down payment can make it easier to get approved as well.

What types of car loans does Fidelity Bank offer?

Fidelity Bank offers a range of car loans and refinancing options for qualified borrowers. The eligibility requirements are the same for each type of loan.

    • New car loans. Purchase a new or used car from the current year — or a new car from last year — with the lowest starting rates.
    • Used car loans. The car you’re purchasing must be less than seven years old to qualify for a used car loan. Older than that? You’ll have to take out a secured personal loan instead. Financing is available up to the amount of the National Automobile Dealers Association (NADA) book average loan value.
    • Private-party auto loans. Like with new and used car loans, your car can’t be more than seven years old. Otherwise, you have to take out a secured personal loan, which comes with higher starting rates.
    • Lease buyouts. Fidelity Bank will help you buy your vehicle at the end of your lease.
    • Auto refinancing. Refinance your existing car loan for a lower rate or better terms.
    • Recreational vehicle loans. Finance your recreational vehicle with rates and terms that depend on its age and mileage.


    • No limit to how much — or little — you can borrow
    • 1% rate discount for Fidelity customers who sign up for autopay
    • Non-Fidelity customers can get a 0.5% rate discount
    • Can apply with more than two cosigners
    • Online application available — rare for some banks
    • Named “Best in Banks” by Forbes in 2018 and 2019


    • Limited to residents of Northeastern Pennsylvania
    • High credit requirements to qualify without a cosigner
    • Approval process can take one to two days
    • Car can’t be more than seven years old to qualify for an auto loan

    Compare more car loan options

    Name Product Filter Values Minimum credit score APR Loan term Requirements
    PenFed Auto Loans
    Starting at 1.04%
    Up to 10 years
    Active membership with PenFed
    Low APR car loans from a well-known credit union.
    No minimum credit score
    3.9% to 27.9%
    18+ years old, annual income of $4,000+, no active bankruptcies
    Get pre-qualified for used car financing and receive competitive, personalized rates. Car Loans
    Varies by network lender
    Varies by lender
    Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
    Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
    CarsDirect auto loans
    No minimum credit score
    Varies by network lender
    Varies by network lender
    Must provide proof of income, proof of residence, and proof of insurance.
    Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
    Auto Credit Express Car Loans
    Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
    Get connected with an auto lender near you, even if you have bad credit.

    Compare up to 4 providers

    How do I apply?

    Fidelity Bank makes it easy to apply for a car loan online, by calling a bank representative at 800-388-4380 or visiting your local branch. If you start but can’t finish your application online in one sitting, you’ll receive a confirmation code that can be used to access it at a later time.

    Follow these steps to get started online:

    1. Visit Fidelity Bank’s website and click Personal Lending.
    2. Scroll to the Auto Loan tab and click Apply Online.
    3. Enter your email address and date of birth, if you’re applying by yourself or jointly, the type of loan you’re interested in and your desired loan amount.
    4. Continue the application with more information about yourself, income, employment and finances.
    5. Submit your application and wait to hear back from a Fidelity Bank representative.

    The online application takes about 20 minutes to complete. After, a bank representative should call you to ask for documentation and confirm your details. You’ll likely hear back in one to two days if your loan is approved.

    What documents do I need to apply?

    • There are several documents you’ll need to provide to complete the application process, including:
    • Proof of employment
    • Proof of income
    • Expenses for the past two years
    • Asset and liability information, including account balances
    • Driver’s license or passport

    How do repayments work?

    You’ll have between three and six years to pay off your auto loan — depending on the terms laid out in your contract. You can make monthly payments by setting up autopay, mailing a check or visiting your neighborhood branch to pay in person.

    Check your loan agreement or reach out to customer service if you have any questions or to see if any special offers are available.

    Not sure about Fidelity Bank? Check out our guide to car loans or car loan refinancing to compare more providers.

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