Applying for a Loan online


Benefits Applying for a Loan

† Example: A 5-year, fixed-rate loan for a $25, 000 new car (including state taxes, fees, tag, title and any purchased service/insurance products), with 20% down, requires a $20, 000 loan. Based on a simple interest rate of 2.69%, this loan would have 60 monthly payments of $356.63 each and an annual percentage rate (APR) of 2.69%.

Assumptions: APR is the annual percentage rate. Advertised as low as APRs assume excellent borrower credit history. Your actual APR may differ based on your credit history, approved loan amount, term, state of residence and applicable discounts. Any applicable discounts, such as Preferred Rewards, will be reflected in the individual APR quote you will receive if you are approved for an auto loan. No loan documentation fee, but title and state fees may apply. Requests to cancel a loan will be processed as a loan payoff and require the outstanding loan balance to be paid in full including any accrued fees and interest.

  1. Franchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, Honda® and others. Independent dealers are not affiliated with an auto manufacturer and may sell many different brands of vehicles. Bank of America does not normally finance vehicles purchased from independent dealers. The general exceptions to this are CarMax®, Hertz Car Sales and Enterprise Car Sales. All authorized dealers can be found using the .
  2. Auto loan interest rate discount of 0.25% to 0.50% is valid only for customers who are enrolled in Preferred Rewards at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum interest rate discount on a Bank of America auto loan is 0.50%. This discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on new auto loans through a financial center or online and are not available on dealer financing. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

Card eligibility guidelines

Most Bank of America® branded consumer credit cards (such as the BankAmericard Cash Rewards™ credit card and the BankAmericard Travel Rewards® credit card) are eligible to receive the credit card rewards bonus. Listed below are the card types and programs that are not eligible to receive the credit card rewards bonus. To receive the credit card rewards bonus, your eligible card account must be open and in good standing, as defined by the account Reward Program Rules.

Interesting facts

  • Sainsbury's Bank is a 50:50 joint venture between J Sainsbury (a leading UK food retailer) and Bank of Scotland (a subsidiary of Lloyds Banking Group). Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. It operates under its own banking license issued by the FSA, separate from Bank of...
  • PT Bank CIMB Niaga TBK ('CIMB Niaga') was established in 1955. It is currently the fifth largest bank in Indonesia by assets and well-known for its excellence in customer service. CIMB Niaga, which is majority-owned by CIMB Group, is the largest payment bank in terms of transaction value under the Indonesian Central Securities Depository. With...

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