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About the Loan Approval Process

For Auto Loan Approval, We Will Need

  • Your requested loan amount
  • Your Social Security Number
  • Your employer's name and address
  • Your annual gross income (before deductions)
  • Lien holder name (for refinancing or for private party purchase with a lien)
  • Payoff amount (for refinancing or for a private party purchase with a lien)

Get Pre-Approved

If you're in the market but not quite ready to buy your new or used car, you can get pre-approved to find out how much you can borrow.

Apply for an Auto Loan

Choose from our three convenient ways to begin the car loan approval process:

What Happens Next?

U.S. Bank will process your application as quickly as possible.

You may be asked to provide:

  • Automobile insurance
  • Proof of income

Most applicants get a credit decision in two hours or less (during normal business hours). If your auto loan is approved, a U.S. Bank representative will call you to:

  • Verify your identity
  • Schedule your loan closing
Get Started
800-473-6372
  1. Rates as low as 1.99% APR are available for 3-year auto loans $10,000 and higher at 100% loan-to-value (LTV) or less. Rates for loans to purchase a vehicle from a private party, smaller loan amounts, longer terms, vehicles older than 6 model years, or higher LTV may be higher. In order to receive the lowest rate advertised, a set-up of automatic payments from a US Bank Personal Package Checking account is required. Automatic payments are not required for loan approval. See the Consumer Pricing Information brochure for terms and conditions that apply to U.S. Bank Package Checking Accounts. Loan fees apply. Loan payment and APR will vary based on the loan amount, the term, and any fees. Origination fees vary by state and range from $50 to $125 or up to 1% of the loan amount. Loan payment example: a $10,000 automobile loan at a 1.18% Interest rate for 36 months with a $125 origination fee will have a 1.99% APR and a $286.40 monthly payment. An early closure fee of 1% of the original loan amount applies if the account is closed within 1 year, with a $50 minimum and $100 maximum. There may be a title registration fee which is determined by your state of residence. Promotion is not valid for refinances of current U.S. Bank auto loans. Offer is subject to credit qualifications. Rates are available from March 17, 2015 to April 6, 2015 and are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC ©2015 U.S. Bank.

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  2. Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. Using this calculator does not constitute an application for credit, and we are not qualifying you for any credit product. We encourage you to seek personalized advice from qualified U.S. Bank professionals regarding all personal finance issues. For specific tax advice, see a professional tax service provider.

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Get Started

Online
By Phone
800-473-6372
In Person

Loan Payment Calculator2

Rates as low as  

1.99%
  APR1

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