US Bank Auto Loan Review


US Bank offers a number of loan products, including:

  • Loans for new and used cars.
  • Auto loan refinance.
  • Auto Lease Buyout Loans.
  • Dealer financing.
  • RV ready.
  • Motorcycle credit.

You can apply for a US Bank auto loan online, over the phone, or in person at one of its branches. US Bank also offers pre-approval for loans with participating dealers in 48 states. To apply for a loan, you will need to provide information such as your social security number and the name and address of your employer. You should also be prepared to submit information about your gross income, assets, and expenses. The process also involves a credit check. If you apply during business hours, you will usually get a loan decision within two hours. For auto loan refinance, you will also need to provide the name of the lien holder and the repayment amount. US Bank auto loan refinance is available in 26 states.


For new loans with terms up to 60 months, APRs start at 4.64% for borrowers with a FICO score of 800 or greater. For auto refinance loans up to 36 months, rates start at 5.14% for borrowers with exceptional credit who take out loans worth at least $30,000 on vehicles less than 12 months old with loan-to-value ratios up to 80 %. Borrowers who do not meet these conditions will not be eligible for lower APRs, and factors such as loan term, vehicle age, and fees will also affect your APR and monthly payment.

In addition to meeting other requirements, you may need to make automatic payments from a US Bank personal checking or savings account to obtain the lowest advertised interest rates.

There is no minimum credit score listed on the US Bank website, but you will need to have a credit score of at least 800 and meet other conditions to get the best interest rates on loans and refinancing.

US Bank has an A+ rating from the Better Business Bureau. On Trustpilot, US Bank has a 1.2-star rating based on over 480 reviews. In 2021, the Consumer Financial Protection Bureau received 122 complaints related to US Bank vehicle loans or leases. The company provided prompt response to all complaints. It closed 62 with an explanation, 48 with non-monetary relief and 12 with monetary relief.

US Bank has a 24-hour banking line, which you can reach by calling 800-872-2657. Customers can also check the status of their loan application online, at their local branch or by calling 800-720-2265.

  • People who have exceptional credit.
  • People who want to get auto credit online.
  • People who want a quick loan decision.

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