How To Apply For Bank Of America Auto Loan

Bank of America auto loan rates

Since you’re here, my guess is that you have plans of going for an auto loan but doesn’t know how to apply for Bank of America auto loan. Well, worry no more because that is why I’m here to guide you on how to go about it.

Coughing out the lump sum amount needed to purchase your dream car can be very challenging. As a result, most people go in for auto loans to finance their vehicles. That is perfectly normal provided you agree to the terms of the loan and if you can afford. Also bear in mind that approval of an application for an auto loan is not automatic.

Most banks or investment banks offer auto loans for clients. However, in this case, we are looking at Bank of America.

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Bank of America – Who they are

Bank of America, normally abbreviated as BofA or BoA is an American multinational investment bank and financial services holding company. The bank is headquartered in Charlotte, North Carolina but started in San Francisco.

They are into commercial banking, investment banking and wealth management and has about 4,600 branches and roughly 16,200 ATMs.

It is definitely a bank you can trust for your auto loan.

Click HERE to read more about them and to check out their many products and services.

HOW TO APPLY FOR BANK OF AMERICA AUTO LOAN.

Applying for bank of America auto loan is very easy and I’m going to show you how. There are two options available for you to choose from.

ONLINE

  • Visit secure.bankofamerica.com to start the application process.
  • Select loan type
  • Check box if you are an existing Bank of America customer. (ignore if you are new)
  • Click continue
  • Now provide accurate loan information in the loan request form

Some information needed are; type of car, loan amount, loan term, personal information

  • Wait patiently after submitting your loan application. Your auto loan application status will be communicated to you once review is complete.

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IN-PERSON

You can also apply for a Bank of America auto loan in person by visiting a branch near you. Schedule an appointment with them and meet at your convenience.

VIA PHONE CALL

You can also apply for an auto loan from BoA by contacting them on 844-892-6002

FREQUENTLY ASKED QUESTIONS (FAQs)

Q1. How long does my auto loan application take to be approved?

BoA response to auto loan applications normally takes 60 seconds. Email will be sent to you in case your application require more detailed review.

Q2. What type of documents are required when applying for an auto loan?

Documents required when applying for an auto loan include; purchase agreement/ bill of sale, registration, proof of income, financial statements, etc. Note that the type/s of documents required depends on the details of your loan request.

Q3. Does Bank of America offer car loans in all 50 States?

Yes! And in the District of Columbia.

Q4. Does auto loan application at Bank of America come at a fee?

No! it is absolutely free. You are not charged any fee auto loan application fee.

How To Apply For Bank Of America Auto Loan

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