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U.S. Bank Auto Loan Calculator, Interest Rates & Overview

Updated 13 November 2023

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U.S. Bank auto loans overview

U.S. Bank was charted in 1863 and continues to provide flexible auto loans with rate discounts and quick approval. You can buy or refinance a wide variety of vehicles, like cars, trucks, SUVs, motorcycles, recreational vehicles, boats, and more. Currently, U.S. Bank has multiple branches across 26 states.

Want to see what a U.S. Bank auto loan will cost? Try the U.S. Bank auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key U.S. Bank auto loan features

Minimum loan amount: $5,000.
Maximum loan amount: $100,000.
Interest rates: From 7.76% APR.
Loan terms: Up to 72 months.
Loan fees: Undisclosed.
Discounts: Rate discounts through U.S. Bank Smart Rewards.

U.S. BANK AUTO LOAN OPTIONS

New and used auto loans

You can purchase or refinance new and used cars, trucks, and SUVs through the U.S. Bank. For purchasing, rates begin at 7.76% APR, and you can extend your repayment period for up to 72 months. Meanwhile, refinancing rates start at 8.24% APR. But if you want to purchase from a private seller, you need to apply for a personal loan.

RV, boat, and motorcycle loans

You can also finance new and pre-owned recreational vehicles, boats, motorcycles, ATVs, and more. To find out the rates and terms you qualify for, you can get in touch with the bank for more details.

U.S. Bank auto loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$25,000

Term

60 months

Change

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Featured

Achieva - New Auto Loan

Estimated Month Repayments

$437 Inclusive of fees

Interest Rate

1.89%
APR

Repayment Period

12 months
to 84 months

Loan Amounts

$5,000
to $100,000

GO TO SITE

Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.

Featured

Bank of America auto loan

Estimated Month Repayments

$595 Inclusive of fees

Interest Rate

15.00%
APR

Repayment Period

12 months
to 72 months

Loan Amounts

$5,000
to $100,000

GO TO SITE

Get a low interest rate Bank of America auto loan

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for a U.S.Bank auto loan

Eligibility criteria

While U.S. Bank doesn’t disclose the requirements, you commonly need to satisfy the following:

At least 18 years old
A legal resident
Employed or have a reliable source of income

To qualify for the bank’s lowest rate, you need to meet certain criteria – one of which is a credit score of 800 or higher. So, try to build your credit profile before applying for a car loan. This way, you can secure more competitive rates and flexible terms.

What you’ll need to have ready

Personal details

When you apply for auto financing with U.S. Bank, you’ll be asked to provide personal information such as:

An email address
Your full name
Address
Social Security number
Employment information
Income details
U.S. citizenship status
A list of monthly expenses

Documents

You may need to provide the Bank with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

If you plan to refinance your current car loan, you need to prepare more details. These include your current loan balance, account number, and lien holder. Plus, you need to provide the vehicle identification number (VIN) and insurance provider information.

Ways to apply for a U.S. Bank auto loan

Apply online by clicking the GO TO SITE link in the table below
Visit a branch
Call 800-342-4310

Additional U.S. Bank auto loan details

Automatic payment: Available.

Loan approval times: In 2 hours or less.

Rate discounts: 0.20% rate discount by opening a U.S. Bank Smartly Checking account and enrolling in U.S. Bank Smart Rewards.

Repayment frequency: Monthly.

Late payment fees: Undisclosed.
Prepayment penalty: For refinancing, 1% of the original loan amount if the loan is closed within 1 year ($50 minimum and $100 maximum).

Co-borrowers allowed: Undisclosed.
Co-signers: Undisclosed.

Hardship program: Available. (Learn more)

Ways to repay: Online banking, mobile banking, in a branch, by mail, over the phone, and through wire transfers.

Vehicle restrictions and limitations

Maximum vehicle age: Up to 9 model years old.
Maximum vehicle mileage: Undisclosed.
Other vehicle restrictions: Undisclosed.

PROS AND CONS

Pros

Flexible loan terms.
Quick loan approval.
Up to 0.20% rate discounts.
Pre-approval available.
Convenient online loan application.
Maximum of $100,000 loan amount allowed.
Convenient loan payment options – online and mobile banking, in person, by mail, over the phone, and wire transfers.
Purchase, refinance, and lease buyout available.
Partner dealerships across 48 states.
Different vehicle types available for financing (cars, trucks, RVs, boats, motorcycles, ATVs, and more).

Cons

Auto loans limited to dealer purchases.
Credit score of 800 or higher to qualify for the lowest rates.
Auto loan refinancing only available in 26 states.
Prepayment penalty for refinancing.

FREQUENTLY ASKED QUESTIONS

Does the U.S. Bank offer auto loans?

Yes. You can apply for an auto loan at the bank and purchase a vehicle from a participating dealership. But if you want to buy from a private seller, you need to apply for a personal loan from U.S. Bank.

How do U.S. Bank auto loans work?

When you apply, you will get an email about the additional information you need to complete your purchase. Once approved, you can take the approval letter to your selected dealer to buy your vehicle.

Are there discounts available on U.S. Bank car loans?

You may get up to a 0.20% rate discount if you open a U.S. Bank Smartly Checking account. Then, you need to enroll in U.S. Bank Smart Rewards before applying for a loan.

Does the U.S. Bank refinance vehicle loans?

You can refinance your auto loan but only in select states (Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, and Wyoming).

How much interest does the U.S. Bank charge on auto loans?

Interest rates are as low as 7.76% APR.

What is the maximum term of a U.S. Bank car loan?

You can choose terms extending up to 72 months.

How to get a vehicle loan from the U.S. Bank?

You can apply online, call the bank, or schedule an appointment.

How much do I qualify for with a U.S. Bank auto loan?

The bank offers car loans up to $100,000. Remember though that your maximum loan amount may depend on several factors, like your collateral, credit history, and more.

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Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.