What is the interest rate for a car loan from Fifth Third Bank?

Auto loans through Fifth Third Bank are subject to credit review. Fifth Third Bank offers financing for auto loans between $2,000 and $80,000. It’ll provide loan terms between 12 and 75 months….

Monthly Payment Loan Term APR
$374.32 60 months 5.001%
$323.59 72 months 5.449%

Is 5.49 a good interest rate for a car?

Read our editorial standards. The average new car’s interest rate in 2021 is 4.09% and 8.66% for used, according to Experian….

Credit score category Average loan APR for new car Average loan APR for used car
Prime (661 to 780) 3.48% 5.49%
Super Prime (781 to 850) 2.34% 3.66%

What is an average interest rate on a car loan?

The national average for US auto loan interest rates is 5.27% on 60 month loans. For individual consumers, however, rates vary based on credit score, term length of the loan, age of the car being financed, and other factors relevant to a lender’s risk in offering a loan.

Does 53 bank have prepayment penalty?

Yes, you can. However, Fifth Third Bank auto loan charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What is considered a good auto loan rate?

So what is a good car loan rate? According to the chart, this can range between 3.17% and 13.76% based on credit score. If you are offered a higher interest rate than you were anticipating, you can try to negotiate a better offer.

Does Fifth Third offer personal loans?

Fifth Third Bank is a leading financial institution, offering a wide range of personal financing options for regular borrowers as well as investors. Its unique interest-only loan can encourage you to invest in short-term portfolios. Just pay the interest accrued on the principle amount during the term of the loan.

What bank has the best used car loan rates?

Starting interest rate: 1.99%

  • Minimum credit score: None
  • Loan terms: Varies
  • What are the best auto loan rates?

    – Amazingly simple application – Monthly payments are easy to make – MoneyMutual respects its customer’s privacy – You can borrow up to $5000 – 24-hour approvals

    How to pay your Fifth Third auto loan?

    send it to us at Fifth Third Bank: 5050 Kingsley Drive, MD 1MOC3A. Cincinnati, Ohio 45263 or fax it to 513-358-8366. Questions? Call us at 800-837-2000. Auto BillPayer makes payments automatically from your checking or savings account each month, free of charge. You can also make a payment, stop a