Chase Auto Loans is a division of JPMorgan Chase & Co., one of the largest banks in the United States. The company offers auto loans to consumers with a variety of credit scores, from fair to excellent. Chase Auto Loans also offers a variety of features and benefits, such as Auto Loans Bank of JPMorgan Chase Reviews 2023.
- Competitive interest rates
- No application fee
- No origination fee in most states
- Online application process
- Ability to prequalify for a loan
- Access to Chase’s customer service team
Chase Auto Loans Reviews
The Chase Auto Loans has received mixed reviews from consumers. Some customers have praised the company’s competitive interest rates and easy online application process. Others have complained about the company’s long wait times for customer service and hidden fees.
Chase Auto Loans Rates
Chase Auto Loans’ interest rates vary depending on the borrower’s credit score and the term of the loan. As of July 2023, Chase Auto Loans is offering interest rates starting at 3.99% for borrowers with excellent credit. Borrowers with good credit can qualify for interest rates starting at 4.99%. And borrowers with fair credit can qualify for interest rates starting at 6.99%.
Chase Auto Loans offers loan terms of up to 72 months. The minimum loan amount is $5,000, and the maximum loan amount is $100,000. Auto Loans Bank of JPMorgan Chase Reviews 2023.
Chase Auto Loans charges a variety of fees, including:
- An origination fee of up to 4.75% of the loan amount
- A late payment fee of up to $35
- A returned payment fee of up to $35
- A prepayment penalty of up to 3% of the remaining loan balance
There are a few ways to apply for a Chase Auto Loan. You can apply online, over the phone, or at a Chase branch.
The approval process for a Chase Auto Loan typically takes a few days. However, if you have a good credit score and you provide all of the required information, you may be approved for a loan more quickly.
The minimum credit score required for a Chase Auto Loan varies depending on the loan amount and term. For example, a borrower with a good credit score may qualify for a loan with a minimum credit score of 660. A borrower with a fair credit score may qualify for a loan with a minimum credit score of 620.