Gather the following information:
- Requested loan amount
- Social Security number
- Your employer's name and address
- Your annual gross income (before deductions)
- Car lien holder name and payoff amount (for auto refinancing or for private party purchase with a lien)
How to apply for an auto loan
Choose from our three convenient ways to begin the car loan approval process:
How long does it take for loan approval?
U.S. Bank will process your loan application as quickly as possible. You may be asked to provide automobile insurance and 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 and schedule your loan closing.
Helpful articles on the car buying process
Choosing a loan can be a difficult process. Here are tips to help find the right one for you.
Before you set foot on a new or used car lot, your first step should include researching auto financing options.
Make sure to plan ahead when purchasing your new or used vehicle so that you find the option that is right for you.