At Regions, we make it easy to purchase the vehicle you're looking for. Flexible terms, competitive rates and prompt credit decisions are just a few of the advantages you'll receive as a Regions customer.
Compare Accounts - Auto Loans |
| Features & Benefits |
Regions Auto Loan |
Regions Streamline Auto Loan |
| |
What you need to apply |
What you need to apply |
| APR |
3.44% - 15.22%1 |
3.19% - 5.45% |
| Loan Amount |
$5,000 up to 110% LTV |
$10,000 - $50,000 |
| Loan to Value |
110% LTV2 |
120% LTV2 |
| Collateral |
- New or used automobiles, light trucks up to 1/2 tons or vans.
- Maximum age is seven years old.
|
- New or used automobiles, light trucks or SUVs only from a franchised dealership.
- Maximum age is five years old.
|
| Mileage Limits |
Less than 90,000 miles |
Less than 75,000 miles |
| Terms |
New |
66-72 months |
Current-1 year |
60-72 months |
2-3 years |
60-66 months |
4 years |
54-60 months |
5 years |
48 months |
6 years |
36 months |
7 years |
30 months |
|
60 - 72 months; based on amount being borrowed. |
| Additional Information |
- Purchase or Refinance a New or Used Vehicle
- Rate Discounts Available3
- No Cash Out
|
- Purchase Only from a Franchised Dealership
- No Rate Discounts Available3
- No Cash Out
|
| |
What you need to apply |
What you need to apply |
| |
Regions Auto Loan |
Regions Streamline Auto Loan |
1. Advertised Annual Percentage Rate (APR) is available to borrowers who meet credit requirements, is effective as of January 1, 2011, and is subject to change. Your APR and repayment terms will depend on your credit history, loan amount and term of your loan, and election to have monthly payment auto-debited from a Regions checking account. All loans are subject to credit approval. Advertised APR applies to purchase money loans secured by a new or used model cars (2006 or newer and never titled). Vehicle information and all signers' drivers' license number, issue date and expiration date are required to complete the application. Additional restrictions may apply.
2. Loan To Value (LTV) based on dealer invoice on new vehicles or NADA value for used vehicles plus tax, tag and title fees.
3. Receive a 0.25% interest rate reduction off the approved standard rate if you elect to have the payment automatically deducted from a Regions checking or savings account. At an APR of 3.19% the monthly payment based on a $20,000 loan amount and a term of 60 months would be $361.08. This payment is automatically debited from a Regions checking account and has an Account Processing Fee of $100, which is charged in connection with this product.
What will I need to know before I apply?
- Your credit report should not show any bankruptcies, foreclosures, short sales or previous major credit issues.
- We will verify all sources of employment and income.
- We may ask you to provide copies of tax returns to verify income.
What will I need to complete my application?
- Social Security number
- Mailing address
- Driver's license number, issue date and expiration date
- Current email address
- Gross monthly income
- Estimated value of property
- Collateral description (VIN, year, make, model, etc.)