How to apply for your Truist Auto Loan
Apply for a Truist auto loan or refinance with rates from 5.15% APR, flexible terms up to 84 months, and fast, simple approval process.
Purchasing a vehicle represents a significant financial step for most consumers, and selecting the right financing can make a crucial difference in affordability and confidence. Truist Auto Loans, a product of Truist Bank—one of the top 10 largest financial institutions in the United States—aims to make the process of vehicle acquisition or refinancing straightforward, quick, and tailored to individual needs.
Offering options for both new and used car purchases as well as refinancing existing loans, Truist positions itself as a trusted partner along your car-buying journey. With a robust digital interface, quick approvals, and an established footprint across numerous states, the goal is to deliver a transparent, stress-free loan experience—backed by one of the country’s most enduring banking institutions.
Truist Auto Loans stand out for their competitive fixed interest rates (ranging from 5.15% to 18.00% APR), flexible repayment terms up to 84 months, and rapid approval process—sometimes in as little as 10 minutes. The convenience of a 30-day rate lock and no prepayment penalties further encourages borrowers seeking predictability and flexibility. Hardship relief programs and direct access to loan specialists enhance the overall customer experience, setting Truist apart in the highly-competitive auto finance market.
Detailed List of Loan Benefits
- Competitive Rates: Borrowers with strong credit scores can access market-leading APRs, translating into lower monthly payments and overall interest costs over the life of the loan.
- Flexible Terms: Repayment periods of up to 84 months allow borrowers to adjust monthly payment amounts to their budget.
- 30-Day Rate Lock Guarantee: Once approved, your interest rate is guaranteed for 30 days, providing pace and flexibility to complete your vehicle purchase or refinance without market volatility concerns.
- No Prepayment Penalties: Borrowers can pay off the loan early without hidden fees, allowing for long-term savings and financial flexibility.
- Hardship Support: Payment relief options and dedicated support for those experiencing financial difficulty ensure responsible lending during unexpected events.
- Digital Loan Management: Truist’s robust online and mobile banking platforms allow for seamless application, payment management, and balance inquiries.
Requirements and Prerequisites
To qualify for a Truist Auto Loan, applicants typically must:
- Be at least 18 years old and a resident of the United States.
- Present a valid U.S. driver’s license.
- Provide proof of steady income and employment (recent pay stubs, W-2s, or tax returns).
- Supply proof of residence (utility bill or lease/mortgage statement).
- Disclose detailed information about the vehicle (VIN, purchase agreement, or bill of sale for purchases; registration for refinancing).
- Meet Truist’s credit criteria; borrowers with higher credit scores will qualify for the lowest rates.
- Minimum loan amount: $3,500 (varies by state).
About Truist Bank
Truist Bank is the result of a significant merger between BB&T and SunTrust in 2019, creating a banking powerhouse with a legacy spanning over 100 years. With its headquarters in Charlotte, North Carolina, Truist serves millions across 17 states and Washington, D.C. The institution is known for integrating traditional banking values with forward-looking digital innovation.
Truist’s comprehensive suite of financial services includes personal and commercial banking, wealth management, insurance, mortgage lending, and investment services. Its extensive physical branch network is supplemented by robust digital and mobile capabilities, making it a versatile choice for clients anywhere in its operating footprint. The bank’s ongoing commitments to community enrichment, diversity, equity, and inclusion have further cemented its reputation as a trustworthy and socially responsible financial leader.
Who Is This Loan For?
Truist Auto Loans are best suited for:
- Prime and Super-Prime Borrowers: Individuals with good-to-excellent credit seeking the lowest possible rates.
- First-time Buyers and Refinancers: Those purchasing their first car or seeking to lower existing car payments through refinancing.
- Customers Valuing Service and Speed: Anyone prioritizing fast approval, digital convenience, and access to knowledgeable lending specialists.
- Borrowers in Need of Flexibility: People seeking adjustable payment plans, long-term hardship relief, or early repayment without penalty.
While those with less-than-perfect credit may still qualify, the most competitive rates are reserved for stronger credit profiles. Truist’s transparent underwriting process ensures borrowers understand their options, even if additional documentation or a co-signer becomes necessary.
Mobile App Availability
- Download for Android: Truist Mobile on Google Play
- Download for iOS: Truist Mobile on the App Store
About the Bank/Financial Institution
JPMorgan Chase & Co. is one of the most recognizable and robust financial institutions in the world, with over 200 years of history in the U.S. and global markets. It operates both as a traditional and digital bank, providing retail, commercial, and investment banking, wealth management, and more. Over 4,700 branches and 16,000 ATMs reinforce Chase’s physical presence, while its digital platforms—like the Android app and iOS app—enable accessible banking and card management.
Chase has earned its reputation for security, consumer protection, technology innovation, and comprehensive credit card offerings (including the Freedom, Sapphire, and Ink lines). Customer service is accessible via phone (1-800-432-3117 for credit card support), online chat, and in-branch appointments nationwide.
Who Is This Card For?
The Chase Freedom Unlimited® is best suited for individuals who prefer simple, high-value cashback on every purchase. It appeals to:
- Everyday spenders who don’t want to track rotating bonus categories
- Consumers seeking a no annual fee card with protection and customer service from a top-tier bank
- New credit card users aiming to build credit with a major U.S. bank
- Travelers and diners who often spend on experiences or at restaurants
- Existing Chase Ultimate Rewards® members maximizing multi-card benefits
Step-by-Step Guide to Apply
Ready to apply? Follow these straightforward steps:
- Review Eligibility: Make sure you meet Truist’s criteria, including credit score, income, and minimum loan amount ($3,500).
- Gather Documentation: Required items include ID, social security number, proof of income, proof of residence, and vehicle information.
- Apply Online, In-Person, or by Phone: Start online at https://www.truist.com/loans/auto-loans, visit a branch, or call 844-487-8478 (existing clients may apply by phone).
- Pre-Approval and Rate Lock: Receive a quick approval (often within 10 minutes), along with a guaranteed rate lock for 30 days.
Pros and Cons of Truist Auto Loans
Pros
- Highly competitive rates for qualified borrowers.
- Wide selection of terms (up to 84 months), making monthly payments more manageable.
- Very fast application and turnaround—often same-day decisions and funding.
- 30-day rate lock for rate stability.
- No prepayment penalty.
- Dedicated hardship programs and reliable customer support.
Cons
- Lowest advertised rates require excellent credit; most borrowers will receive higher, individualized rates.
- Maximum APR can reach 18%, affecting affordability for applicants with marginal credit.
- Minimum loan amount of $3,500 may be too high for those financing low-cost used vehicles.
- Online applications for new clients may eventually require in-person or phone follow-up.
- Rates and terms subject to change without notice.
Detailed Fees and Tariffs
- Annual Fee: $0
- Purchase APR: 0% intro APR for 15 months; then variable 18.99%–28.49%
- Balance Transfer Fee: 3% ($5 minimum) for transfers made within the first 60 days; then 5% ($5 minimum)
- Auto Rental Collision Damage Waiver: Secondary coverage for theft and collision in most U.S. rental vehicles.
- Cash Advance Fee: $10 or 5% (whichever is greater)
- Foreign Transaction Fee: 3% of each transaction
- Late/Returned Payment Fee: Up to $40
Interest rates and fees are subject to change. Always consult the Chase Freedom Unlimited® official site for current rates and the latest terms.
Customer Service
- Phone: 1-800-432-3117 (24/7 customer service for credit card support)
- Website: Official Chase Freedom Unlimited® page
- Online Chat: Available via online account dashboard
- Chase Mobile® app: Android | iOS
- Branches: Visit any Chase branch for in-person assistance or set an appointment via the scheduling page