Open navigation Main Menu Mortgages
Refinancing an current loan Finding the perfect lender Additional Information
Looking for a financial advisor? Try our three minute test and match to an adviser today.
Main Menu Banking
Compare Accounts Use calculators Get help from bank reviews
Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.
Main Menu Credit cards
Compare according to category Compare with credit requirements Compare by issuer Get advice
Looking for the perfect credit card? Narrow your search with CardMatch(tm)
Main Menu Loans
Personal Loans Student Loans Calculators for Loans, Auto Loans
Find a personal loan in just 2 minutes or less. You can also answer a few questions to get offers–with no impact on your credit score.
Main Menu Investing
Best of Brokerages and Rob-Advisors. Learn the basics Additional resources
Looking for a financial advisor? Do our 3-minute quiz and connect to an adviser today.
Main Menu Home equity
Find the most competitive rates Lender reviews. Use calculators. Knowledge base
Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.
Main Menu Real estate
Selling a house Buying an investment property Finding the right agent Additional resources
Looking for a financial advisor? Take our 3 minute quiz and match to an adviser today.
Main Menu Insurance
Car Insurance Homeowners insurance Other Insurance Company reviews
Looking for a financial advisor? Try our three minute test and match to an adviser today.
Main Menu Retirement
Retirement accounts and retirement plans Learn the basics Retirement calculators Other Resources
Looking for a financial advisor? Try our three minute test and then match up to an adviser today.
Open search Close search
Submit
Fifth Third Bank
Fifth Third Bank: 2023 Auto Loan Review Published 2023-01-01 00:00:00
Written by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the ins and outs of securely borrowing money to purchase the car they want.
Edited by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to manage their finances with concise, well-studied data that breaks otherwise complicated topics into bite-sized pieces.
Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make smarter financial decisions by offering interactive financial calculators and tools, publishing original and objective content, by enabling you to conduct your own research and compare information at no cost – so that you can make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The offers that appear on this site are from companies that compensate us. This compensation may impact how and when products are featured on this website, for example, for example, the order in which they may appear in the listing categories in the event that they are not permitted by law. This applies to our mortgage home equity, mortgage and other home lending products. However, this compensation will not influence the content we publish or the reviews you see on this site. We do not cover the vast array of companies or financial deals that may be open to you.
About our reviews Editorial disclosure: All reviews are prepared by staff. The opinions expressed in them are only the opinions of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees that are included in the review are accurate up to the date of the review. Check the data in the upper right hand corner of the page, and the lender’s site for the most recent details.
At a glimpse 3.6 Score: 3.6 stars out of five
Bankrate Score
Availability Rating 4 stars out of 5
Affordability Rating: 4 .
Customers Experience Score: 4.4 stars out of 5
Transparency Rating: 2.5 stars out of 5
Check auto loan rates
Around Fifth Third Bank Loan amount $2,000 to $80,000
Min. credit score of 660
APR ranges from 6.41%-10.05%
The funds are available on the same day, as close
Fifth Third Bank pros and cons Before submitting a Fifth Third Bank auto loan application, consider whether the ease of a personal experience overpowers the drawbacks.
PROS Autopay discount
A variety of repayment options
In-person convenience
CONS Limited state availability
APR at a minimum of high
No prequalification
Fifth Third Bank, a regional financial institution headquartered in Cincinnati, offers for new and used cars as well as auto refinance loans to its customers who have savings and checking accounts. This, together with its partnerships with dealers make it a great option for motorists who like the convenience of in-person contact. The financing is only available in the states that Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect credit, on the other hand, is available in all states except Alaska, Hawaii, Louisiana and Wyoming.
Do you qualify? The financing is only available to the states where Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect lending, on the other hand, is available in all states except Alaska, Hawaii, Louisiana and Wyoming. Fifth Third Bank does not define specific requirements other than being a resident of any of the states served and having a license if you’re seeking direct financing. What we like and do not like Fifth Third Bank offers the convenience of support in person, but is only available for drivers who reside in certain states.
What we love about the Autopay discount. The borrower can take advantage of the benefit of a 0.25 per cent discount when they are linked to a Fifth Third Checking account. There are a variety of options for repayment. 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 are not a fan of the limited availability by state. Drivers from only 10 of the 50 states can apply for a Fifth Third auto loan. The minimum APR is high. The minimum rate of 6.41% percent for purchase by dealers and external refinance is higher than the competition. There is no prequalification. It’s impossible to determine how much you’ll pay until you complete your application. How to contact Fifth Third Bank Customer support is open Monday through Friday, from 8 a.m. until 6 p.m. ET and Saturday between 10 a.m. to 4 p.m. ET. In-person assistance at bank branches can help you through the application process. You can also contact customer service 24/7 via online chat after you have become an active member.
Auto loan kinds offered Fifth Third Bank offers new and pre-owned auto loans both directly and through dealerships, as well as loan refinancing.
Used and new automobile loans
Loan quick facts Amounts: $2,000-$80,000 Terms: 12-75 months APR: 6.41%-10.05%
While Fifth Third Bank does not disclose much on its website about its new and used auto loans information, the information provided by a bank representative outlines the particulars. The loans can be financed up to $80,000, and you are able to 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 your current loan with Fifth Third Bank can be an ideal option to lower the monthly cost of your loan and also to adjust your rate. The minimum APR for a loan is 6.41 percent. Get an .25 percent discount when refinancing an unrelated Fifth Third auto loan or making a commitment to have automatic deductions from a 5th Third bank account. Indirect financing
Loan quick facts Amounts: $5,000-$100,000. Terms: Vary based on the dealership’s APR, which ranges from 48 to 84 months.
Fifth Third Bank also offers through its network of brand new franchise dealerships for vehicles. The franchises are available across every state, with the exception of Alaska, Hawaii, Louisiana and Wyoming. How do you make an application for a loan through Fifth Third Bank To apply for a Fifth Third Bank auto loan it is possible to go to a branch within your region or contact 866-671-5353. Unfortunately, you cannot apply online. But you can manage your loan through your account online following approval. Before visiting a bank office, take advantage of the opportunity to determine what you are able to afford. While there is no application fee, prepare the payment of an origination charge of $165 if you agree to the loan terms. Following approval, take advantage of the option to pay by automatic to ensure you never fail to make a payment as there are late fees as well.
Required application information Valid form of identification varies based on the findings of the underwriter during the review process
Third Third Bank FAQs
What interest rate should you anticipate when you take out the auto loan from Fifth Third Bank? Fifth Third Bank does not provide auto loan rates online or via phone. You must apply for a loan in writing to receive an loan quote that includes the cost of borrowing.
Do you need good credit to qualify for the auto loan through Fifth Third Bank? You could be eligible even when you don’t have the best credit score, since Fifth Third Bank requires a minimum credit score of 666. Be aware that they only accept well-qualified borrowers, so it’s helpful to have a better credit score.
Are you able to get preapproved online for an auto loan through Fifth Third Bank? Unfortunately, no. You must schedule an appointment to speak to a banker or dial 1-866-671-5353 to formally apply for an loan.
How Bankrate rates Fifth Third Bank
Overall score
3.6
The availability
4.0
The limited state availability is offset by numerous loan conditions and large limits on loan amounts.
Affordability
3.4
An APR that is high as well as unidentified features leaves Fifth Third with a middling score.
Customer experience
4.4
Fifth Third allows for automatic payments, online access and customer support six days a week.
Transparency
2.5
Fifth Third does not allow the 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 available and APR range all influence lender scores. The scores are divided in four different categories. The availability of loans, repayment options, dealership requirements and state availability all contribute to this category. Affordability: This section houses APR ranges and acceptance criteria, along with discounts and fees. Customer experience: The length of time you have to shop, customer service accessibility, whether you have an app and autopay availability are covered within this category. Transparency: This category accounts for the availability of fees and rates along with whether prequalification is available.
Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely the opinions of the reviewer and are not reviewed or approved by any advertiser. The information, including rates and fees that are included in the review are accurate up to the date when the review first appeared. Check the data at the top of this page, and the lender’s website to find the most recent information.
Written by
Rebecca Betterton
Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers to navigate the details of borrowing money to purchase a car.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate from late 2021. They are committed to helping readers to manage their finances by providing precise, well-studied information that break down complicated subjects into digestible pieces.
Auto loans editor
About
Help
Legal Cookie settings Don’t sell my personal information
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and services or by you clicking on certain links posted on our website. This compensation could affect the way, location and when products appear within listing categories, except where prohibited by law. This is the case for our loan products, such as mortgages and home equity, and other home loan products. Other factors, such as our own website rules and whether a product is available in your area or at your self-selected credit score range may also influence how and when products are featured on this website. Although we try to provide the most diverse selection of products, Bankrate does not include information about every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|
(c) 2023 Bankrate, LLC. A Red Ventures company. All Rights reserved.
If you liked this post and you would certainly like to obtain more info relating to payday loans online same day deposit washington state (usabankre.ru) kindly browse through our own web site.
