MyAutoLoan’s terms and requirements are industry standard and acceptable. All applicants and co-applicants must be at least 18 years of age, must have a minimum income of $21,000, and cannot have any open bankruptcies. Depending on the lender, a down payment may be required.
MyAutoLoan Auto Loans Review
MyAutoLoan provides multiple types of car loans at different levels, depending on the borrower’s credit score and the lender selected. MyAutoLoan does not service any account that originates through their service, and they do not have a telephone number for customer support anywhere on their website. They do have a sales number that is answered 24/7.
MyAutoLoan Auto Loans Highlights
$5,000 - $100,000
LOAN REPAYMENT TERM
MIN CREDIT SCORE
APR FIXED RATE
5.64% - 8.39%
MAX VEHICLE AGE
SOFT CREDIT PULL
Pros & Cons
- Applicants receive up to four lender matches with soft credit check
- Allows co-signers
- Some lenders offer a rate discount with automatic payment setup by the borrower
- Social Security number required to submit an application
- No customer support for borrowers
- Not available in all states
Auto Loans Types
- New Car Loan
- Used Car Loan
- Lease Buyouts
- Cash-out Refinance Loans
MyAutoLoan Refinance Highlights
REFINANCE APR FIXED RATE
MyAutoLoan Auto Loans Terms & Requirements
How to Apply
The process to apply for a vehicle loan through MyAutoLoan is fast, with three easy steps:
- Create login and select loan type
- Complete private, secure, and confidential loan application
- Review and compare up to 4 offers and select a lender
*After the final step is completed and if qualified, up to 4 lenders with rates and terms will be displayed. You can then choose a lender and provide them with more information to close the loan.
- A credit score of at least 575 and no active bankruptcy
- Minimum age of 18 for borrower and co-borrower (if applicable)
- Minimum income of $21,000
- Vehicles must be 10 years old or newer
- Vehicles must have 125,000 miles or less
Will vary by lender, but may include:
- Proof of address
- Last pay stub to verify income
- Driver’s license
- Banking information
Application Steps & Time Frames
- Complete application (5 minutes)
- Wait for lender offers (30 – 60 seconds on average)
- Receive funding (usually one business day)
Not Available - Alaska, Hawaii.
MyAutoLoan does not offer customer support. Borrowers must seek service for their account directly from the lender who made the loan. MyAutoLoan does have a 24/7 phone number for inbound callers seeking sales support and needing questions answered before applying.
MyAutoLoan is a reputable company with an A+ rating from the Better Business Bureau (BBB). It provides up to 4 quotes from different lenders within 30 seconds from when someone submits an application. MyAutoLoan does not fund or service the loans; they strictly match prospective borrowers and lenders.