The headquarters of U.S. Bank is located in Minneapolis, and the company provides a wide range of financial services and products, such as checking accounts, mortgages, and auto loans. You may submit an application for a vehicle loan to U.S. Bank in person, over the phone, or online.

How Does the United States Bank Operate?

You may submit your application for an auto loan with U.S. Bank online, over the phone, or in person at one of its locations. Pre-approval for loans is available via U.S. Bank at participating dealerships in 48 states. To apply for loan, you will be required to give some information, such as your Social Security number and the name and address of your job. This information will be required from you.

In addition, you need to be ready to provide details on your assets, expenditures, and gross revenue. Checking the applicant's credit history is also part of the procedure. When you apply for a loan during business hours, the decision will often be made and communicated within two hours of your application. You will also need to supply the payback amount and the name of the automobile lien holder when refinancing your auto loan. In 26 states, U.S. Bank offers auto loan refinancing.

What Do the Terms, Fees, and Conditions Look Like for U.S. Bank?

Borrowers with FICO scores of 800 or better may get new loans with terms of up to 60 months at interest rates starting at 4.64% APR. If you have excellent credit and want to refinance your car for up to 36 months, you may get a rate as low as 5.14% if you borrow at least $30,000 and put it toward a vehicle that is less than 12 months old and has a loan-to-value ratio of up to 80%. Borrowers in this category will need a loan amount of at least $30,000 and a loan-to-value ratio of at least 80%. Those borrowers who don't meet these criteria won't be offered the best interest rates. The annual percentage rate and the monthly payment will be affected by other factors, such as the loan's length, the vehicle's age, and any fees.

What Discounts Does U.S. Bank Offer?

If you want to receive the lowest interest rates offered, you may need to make payments automatically from a personal checking or savings account with U.S. Bank. This is in addition to completing the other conditions.

How Can You Meet the Requirements?

On the website of U.S. Bank, there is no minimum credit score requirement specified; nevertheless, to qualify for the best interest rates on loans and refinancing, you must have a credit score of at least 800 and satisfy other requirements.

Is U.S. Bank Reputable?

The BBB has awarded U.S. Bank its highest possible score of A+. A total of more than 480 customers have given U.S. Bank a rating of 1.2 out of 5 stars on Trustpilot. The Consumer Financial Protection Bureau received one hundred twenty-two complaints about automobile loans or leases from U.S. Bank in 2021. The organization addressed every one of the customer concerns in a prompt manner. It resolved 62 cases by explaining, 48 cases by providing non-monetary assistance, and 12 cases by providing monetary relief.

How Would You Rate the Customer Service at U.S. Bank?

You may access the 24-hour banking line at U.S. Bank by dialing 800-872-2657. This line is available to customers around the clock. Also, customers may monitor the progress of their loan application online, in their local office, or by calling 800-720-2265.

What We Like

• A varied selection of term lengths. Six repayment terms, ranging from 12 to 72 months, are available for U.S. Bank auto loans. This provides drivers with more leeway in the manner in which they pay their monthly fees.
• Customers of the United States Bank will get discounts. Those who establish automatic payments from a U.S. Bank checking account are eligible for a rate reduction of 0.5 percent from U.S. Bank. While this may not seem significant, it may save significant money over a loan's term.
• Preapproval with no information on the car provided. You can obtain preapproved for an auto loan with U.S. Bank even if you are still in the process of looking for a particular car. You may complete the final steps of your loan at a U.S. Bank location once you have selected a vehicle.