My Profile
We Needed To draw Consideration To $255 Payday Loans Online Same Day.So Did You.
Open navigation Main Menu Mortgages
Refinancing an present loan Finding the right lender Additional Information
Looking for a financial advisor? Take our 3 minute quiz and then match up to an adviser today.
Main Menu Banking
Calculators to compare accounts Use the calculators and get advice Bank reviews
Looking for a financial advisor? Take our 3 minute quiz and then match up with an advisor today.
Main Menu Credit cards
Compare with other categories Compare using credit Compare by issuer Get help
Looking for the perfect credit card? Narrow your search with CardMatch(tm)
Main Menu Loans
Personal Loans Student Loans Calculators for Auto Loans and Loans
Find an individual loan within 2 minutes or less Answer some questions to receive offers with no impact on the credit rating.
Main Menu for Investing
The Best Brokerages as well as robo-advisors Learn the basics Additional information
Looking for a financial advisor? Take our 3 minute quiz and match with an advisor today.
Main Menu Home equity
Find the lowest rates Lender reviews. Calculators. base
Looking for a financial advisor? Do our 3-minute quiz and match with an advisor today.
Main Menu Real estate
Selling a home Buying a home Finding the right agent Additional resources
Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.
Main Menu Insurance
Car Insurance Homeowners insurance Other insurance Company reviews
Looking for a financial advisor? Try our three minute test and connect to an adviser today.
Main Menu Retirement
Retirement plans & accounts Get the basics of retirement calculators Additional resources
Looking for a financial advisor? Do our 3-minute quiz and match with an advisor today.
Open search Close search
Submit
Fifth Third Bank
Fifth Third Bank: 2023 Auto Loan Review Published 2023-01-01 00:00:00
Authored by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase an automobile.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate since the end of 2021. They are committed to helping readers gain confidence to manage their finances through providing clear, well-researched facts that break down complicated topics into bite-sized pieces.
Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make smarter financial decisions by providing you with interactive tools and financial calculators that provide objective and unique content. We also allow you to conduct research and compare information at no cost and help you make informed financial decisions. Bankrate has agreements with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The deals that are advertised on this site come from companies who pay us. This compensation can affect the way and when products are featured on this website, for example the order in which they appear within the listing categories in the event that they are not permitted by law. Our mortgage or home equity products, as well as other home loan products. This compensation, however, does not influence the content we publish or the reviews appear on this website. We do not include the entire universe of businesses or financial deals that may be available to you.
About our reviews Editorial disclosure The reviews are written by staff. The opinions expressed are solely the opinions of the reviewer and are not reviewed or approved by any advertising company. The information that is included, including rates and fees provided in the review are accurate up to the date when the review first appeared. Look over the information in the upper right hand corner of the page as well as the lender's website for the most current details.
A glimpse 3.6 Rating: 3.6 stars out of 5
Bankrate Score
Rating of Availability: 4 stars out of 5
Affordability Rating: Four stars from five
The Customer Service Rating is 4.4 five stars of five
The Transparency Score: 2.5 stars out of 5
Check auto loan rates
The approximate Fifth Third Bank Loan amount between $2,000 and $80,000
Min. credit score 660
APR ranges from 6.41%-10.05%
The funds are available on the same day as the day of closing.
Fifth Third Bank pros and cons Before submitting a Fifth Third Bank auto loan application, you should consider whether the advantages of an in-person transaction is greater than the drawbacks.
PROS Autopay discount
Range of repayment options
In-person convenience
CONS Limited state availability
APR at a minimum of high
No prequalification
Fifth Third Bank, a regional bank with its headquarters in Cincinnati, offers for new and pre-owned vehicles as well as car refinance loans to its members that hold checking and savings accounts. This, together with its through partnered dealers make it a great option for drivers who prefer having the comfort of face-to-face communication. Financing is only available in the states Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect credit, on the other hand, is available across all states, with the exception of Alaska, Hawaii, Louisiana and Wyoming.
Do you qualify? The financing is only available to the states that Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect lending, on other hand, is available across all states, with the exception of Alaska, Hawaii, Louisiana and Wyoming. Fifth Third Bank does not define specific requirements other than being a resident of one of the states they serve and holding a for direct financing. What we like and what do not like Fifth Third Bank offers the accessibility of personal support, however it is only available to drivers in some states.
We like the Autopay discount. The borrower can take advantage of the benefit of a 0.25 percentage discount when they are linked to a Fifth Third Checking account. Range of repayment options. You can finance loans for between 12 and 75 months. In-person convenience. Fifth Third Bank operates at more than 1,100 branches across 10 states. We don't like the limited availability in states. Drivers in only 10 of the 50 states may apply for a Fifth Third auto loan. Minimum APR of 6.41. The minimum rate of 6.41 percent for dealer purchases and refinancing externally is greater than other lenders. There is no prequalification. It's impossible to get an idea of the rate you'll be charged until you submit a full application. How to contact Fifth Third Bank Customer support is open Monday through Friday from 8 a.m. to 6 p.m. ET and on Saturdays from 10 a.m. to 4 p.m. ET. In-person assistance at bank branches can assist you in the process of applying. Customers can also contact customer service at any time via the internet chat once you become a member.
Auto loan types available Fifth Third Bank offers new and used auto loans both directly and through dealerships, along with loan refinancing.
New and used auto loans
Loan quick facts Amounts: $2,000-$80,000 Terms: 12-75 months APR: 6.41%-10.05%
While Fifth Third Bank does not divulge much on its website about the new and used auto loans information, the information provided by a bank representative outlines the details. Loans can be financed for up to $80,000 and you can choose an interest rate between 12 and 75 months. Refinance
Loan quick facts Amounts: $2,000-$80,000 Terms: 12-75 months APR: 6.41%-10.05%
Refinancing the current loan with Fifth Third Bank can be an ideal option to lower your monthly payments and to alter your rate. The minimum APR for a loan is 6.41 percent. Receive the benefit of a .25 percent discount when refinancing a non-Fifth Third auto loan or making a commitment to have the payments automatically taken from a Fifth Third bank account. Indirect financing
Loan quick facts Amounts: $5,000-$100,000. The terms vary by dealer APR: 48-84 month.
Fifth Third Bank also offers through its network of new vehicle franchise dealers. These are available in all states , except Alaska, Hawaii, Louisiana and Wyoming. How do you apply for a loan with Fifth Third Bank To apply for a Fifth Third Bank auto loan, you can either visit a banking branch in your local area or contact 866-671-5353. Unfortunately, you cannot apply online. But you can manage your loan via your online account after approval. Before heading to a banking branch, use an to understand what you can manage. Although there isn't an cost for applying, be prepared for an initial fee of $165 if you accept the loan terms. After approval, make use of the option to pay by automatic to make sure you don't miss a payment, as there are additional late fees.
Required application information Valid form of identification is determined by the underwriter's findings during the review process
Fifth Third Bank FAQs
What interest rate should you anticipate when you take out your auto loan from Fifth Third Bank? Fifth Third Bank does not provide auto loan rates online or by phone. It is necessary to apply in writing to receive a loan quote that includes the cost of borrowing.
Do you need good credit to be eligible for the automobile loan through Fifth Third Bank? You could be eligible even in the absence of perfect credit, because Fifth Third Bank requires a minimum credit score of 660. Remember that the go to qualified borrowers, therefore it is beneficial to have a better credit score.
Can you get preapproved online in order to apply for an auto loan through Fifth Third Bank? Unfortunately, no. It is necessary to make an appointment to speak with a banker , or call 1-866-671-5353 to formally apply for a loan.
How Bankrate rate Fifth Third Bank
Overall score
3.6
Accessibility
4.0
The limited state availability is offset by multiple loan terms , as well as ample minimal and maximal loan amounts.
Affordability
3.4
A high minimum APR as well as unknown includes leave Fifth Third with a middling score.
Customer experience
4.4
Fifth Third allows automatic payments with online access, as well as customer support six days every day of the week.
Transparency
2.5
Fifth Third does not allow for loan prequalification, and rates and fees aren't disclosed on the internet.
Methodology Bankrate considers 18 data points when choosing the best auto loans. Acceptance criteria, rates and fees are readily available and the range of APR all affect lender scores. These scores are split into 4 categories. The availability of loans as well as repayment options, dealer requirements and state availability all play a role in this section. Accessibility: This section includes APR ranges, acceptance criteria, fees and discounts. Customer experience: The length of time you'll need to spend shopping, customer service availability, whether there's an app and autopay availability are covered within this category. Transparency: This category accounts for the availability of rates and fees along with whether or not prequalification is offered.
Editorial disclosure The reviews are written by Bankrate.com staff. The opinions expressed in the review are only those of the reviewer and have not been reviewed nor acknowledged by any advertising company. The information that is included, including rates and fees provided in the review is correct up to the date when the review first appeared. Review the information in the upper right hand corner of the page and the lender's website for the most recent details.
Written by
Rebecca Betterton
Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers with the ins and outs of securely taking out loans to purchase an automobile.
The edit was done by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate since late 2021. They are committed to helping readers gain the confidence to take control of their finances by providing clear, well-researched information that breaks down complex topics into manageable bites.
Auto loans editor
About
Help
Legal Cookie settings Do not sell my personal information
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the promotion of sponsored goods and services, or when you click on certain hyperlinks on our site. Therefore, this compensation may impact how, where and when products are displayed within the categories of listing, except where prohibited by law. We also offer credit, mortgage, and other home loan products. Other elements, like our own proprietary website rules and whether or not a product is available within your area or at your own personal credit score may also influence how and where products appear on this site. We strive to offer the most diverse selection of products, Bankrate does not include details about each financial or credit item or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|
(c) 2023 Bankrate, LLC. It is a Red Ventures company. All Rights Reserved.
If you loved this article as well as you desire to be given more details concerning same day payday loans online no credit check (blogfina.site) kindly go to our web site. (image: http://www.imageafter.com/image.php?image=b20nature_elements022.jpg&dl=1)