Open navigation Main Menu Mortgages

Financing a home purchase Refinancing an current loan Finding the perfect lender Additional Resources
Looking for a financial advisor? Take our 3 minute quiz and connect with an advisor today.



Main Menu Banking

Calculators to compare accounts Use the calculators and get assistance from Bank reviews
Looking for a financial advisor? Try our three minute test and connect with an advisor today.



Main Menu Credit cards

Compare with other categories Compare using credit Compare by issuer Get advice
You're looking for the perfect credit card? You can narrow your search using CardMatch(tm)



Main Menu Loans

Calculators for Loans, Auto Loans
Find the perfect personal loan within 2 minutes or less. Answer a few questions to get offers--with no impact on the credit rating.



Main Menu Investing

Best of Brokerages and robo-advisors . Learn the basics Additional resources
Looking for a financial advisor? Do our 3-minute quiz and match with an advisor today.



Main Menu Home equity

Find the lowest rates Lender reviews. Calculators. base
Looking for a financial advisor? Try our three minute test and connect with an advisor today.



Main Menu Real estate

Selling a house Buying homes Finding the right agent Additional sources
Looking for a financial advisor? Try our three minute test and connect with an advisor today.



Main Menu, Food and Insurance

Car Insurance Homeowners insurance Other insurance Company reviews
Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.



Main Menu Retirement

Retirement plans & accounts Learn the basics Retirement calculators Other resources
Looking for a financial advisor? Do our 3-minute quiz and connect the advisor you want today.



The search is open and closed.

Submit


Fifth Third Bank
Fifth Third Bank: 2023 Auto Loan Review Published 2023-01-01 00:00:00
Authored by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers to navigate the ways and pitfalls of borrowing money to purchase a car.







Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to take control of their finances through providing concise, well-studied data that breaks complicated subjects into digestible pieces.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make smarter financial decisions by offering interactive financial calculators and tools as well as publishing objective and original content. This allows you to conduct research and compare data for free and help you make financial decisions with confidence. Bankrate has agreements with issuers such as, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including the order in which they be listed within the categories of listing, except where prohibited by law. This applies to our mortgage or home equity products, as well as other home lending products. But this compensation does affect the information we provide, or the reviews that you see on this site. We do not include the vast array of companies or financial offerings that could be open to you.




Reviewer's disclosures Reviewers are supervised by our staff. The opinions expressed are solely those of the reviewer and are not reviewed or accepted by any advertiser. The information such as rates and charges provided in the review is accurate up to the date that the review was written. Review the data on the right as well as the lender's website for the most recent details.








At a glance 3.6 Rating: 3.6 stars out of five
Bankrate Score

Rating of Availability 4 stars out five
Affordability Rating 4 stars out of 5
Customer Experience Rating: 4.4 stars out of 5
A rating of Transparency: 2.5 stars out of 5


Compare auto loan rates


Around Fifth Third Bank Loan amount between $2,000 and $80,000
Min. credit score of 660
APR from 6.41%-10.05 percent
Funds available in Same day as the day of closing.



Fifth Third Bank pros and cons before submitting a Fifth Third Bank auto loan application, think about whether the ease of a personal experience overpowers the drawbacks.
PROS Autopay discount
A variety of repayment options
In-person convenience

CONS Limited state availability
High minimum APR
No prequalification





Fifth Third Bank, a regional bank that is headquartered in Cincinnati, offers for new and used vehicles and car refinance loans to members who have checking or savings accounts. This, together with its partnered dealers, make it a fantastic alternative for those who want an in-person communication. The financing is only available in the states Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect credit, on the other hand, is available across all states, with the exception of Alaska, Hawaii, Louisiana and Wyoming.
Do you qualify? The financing is only available to the states where Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect loans, on the other hand, is accessible across all states, with the exception of Alaska, Hawaii, Louisiana and Wyoming. Fifth Third Bank does not define specific requirements other than being a resident of one of the states they serve and having a valid credit card for direct financing. We like it and don't like Fifth Third Bank offers the convenience of support in person, but is only available to drivers in some states.
What we love about the Autopay discount. The borrower can take advantage of the benefit of a 0.25 per cent discount when linked to the fifth Third check account. There are a variety of repayment options. Loans can be financed for anything from 12 to 75 months. In-person convenience. Fifth Third Bank operates at more than 1,100 branches across 10 states. What we don't like Limited availability in states. Drivers in only 10 of the 50 states may apply for a Fifth Third auto loan. High minimum APR. Minimum APR 6.41 percent for purchase by dealers and refinancing externally is greater than other lenders. There is no prequalification. It's impossible to know the rate you'll be charged until you submit a full application. Contact details Fifth Third Bank Customer support is open Monday through Friday between 8 a.m. to 6 p.m. ET and on Saturdays from 10 a.m. to 4 p.m. ET. Help in person at branch locations can help you through the application process. You can also reach customer service 24/7 via online chat once you become an active member.
Auto loan kinds offered Fifth Third Bank offers new and pre-owned auto loans through direct and dealerships, as well as loan refinancing.
Used and new automobile loans
Loan quick facts Amounts: $2,000-$80,000 Terms: 12-75 months APR: 6.41%-10.05%


Although Fifth Third Bank does not provide much information on its website regarding its new and used auto loans information, the information provided by an agent from the bank outlines particulars. Loans can be financed for up to $80,000, and you can select the term between 12 and 75 months. Refinance
Loan quick facts Amounts: $2,000-$80,000 Terms: 12-75 months APR: 6.41%-10.05%


Refinancing your existing loan with Fifth Third Bank can be an ideal option to lower your monthly payment and adjust the rate. The APR for the minimum of 6.41 percent. Get the benefit of a .25 percent discount when refinancing an unrelated Fifth Third auto loan or signing up to have payments automatically deducted from a Fifth Third checking account. Indirect financing
The loan amount is $5,000-$100,000. The terms vary by dealership APR: 48-84 months.


Fifth Third Bank also offers through its network of brand new vehicle franchise dealers. The franchises are available across all states , except Alaska, Hawaii, Louisiana and Wyoming. How to get a loan with Fifth Third Bank To apply for a Fifth Third Bank auto loan it is possible to visit a banking branch in your local area or contact 866-671-5353. Unfortunately, you can't apply online. But , you are able to manage your loan via your online account after approval. Before you visit a bank branch, use an opportunity to know the amount you are able to afford. While there's no cost for applying, be prepared the payment of an origination fee of $165 if you agree to the loan terms. Following approval, take advantage of the automatic payment option to make sure you don't miss a payment, as there are additional late fees.
The required information for applicants Valid form of identification Varies by the findings of the underwriter during the review process


Fifth Third Bank FAQs
What is the interest rate you should anticipate when you take out the auto loan from Fifth Third Bank? Fifth Third Bank does not disclose auto loan rates on the internet or over the telephone. You must apply for a loan in writing for a loan quote that includes the cost of borrowing.



Do you require good credit to be able to get an automobile loan from Fifth Third Bank? It is possible to qualify even in the absence of perfect credit, as Fifth Third Bank requires a minimum credit score of at least 660. Remember that the go to highly qualified borrowers, which is why it helps to have a higher credit score.



Can you get preapproved via the web to get an auto loan with Fifth Third Bank? Unfortunately, no. It is necessary to make an appointment to speak with a banker or call 1-866-671-5353 in order to apply for an loan.



How Bankrate rate Fifth Third Bank
Overall score
3.6
The availability
4.0
The limited state availability is offset by multiple loan terms , as well as large limits on loan amounts.
Affordability
3.4
An APR that is high and unknown features leaves Fifth Third with a middling score.
Customer experience
4.4
Fifth Third allows for automatic payments as well as online access to customer support six days a week.
Transparency
2.5
Fifth Third does not allow for loan prequalification. Rates and fees aren't disclosed on the internet.


Methodology Bankrate considers 18 data points when choosing the best auto loans. Acceptance criteria, whether fees and rates are offered and APR range all influence lender scores. These scores are split into 4 categories. Accessibility: Loan amounts and repayment options, dealership requirements and state availability all play a role in this section. Affordability: This section contains APR ranges and acceptance criteria, as well as fees and discounts. Customer experience: The length of time you'll need to shop, the customer service availability, whether there's an app and autopay availability are all covered in this section. Transparency: This category is responsible for the accessibility of rates and fees and whether or not prequalification is offered.
Disclaimer: All reviews are prepared by Bankrate.com staff. The opinions expressed in the review are only the opinions of the reviewer and are not reviewed or accepted by any advertiser. The information that is included, including rates and fees, presented in the review are accurate up to the date of the review. Check the data in the upper right hand corner of the page and the lender's website to find the most up-to-date information.




Written by
Rebecca Betterton
Auto Loans Reporter


Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the details of using loans to buy the car they want.
The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are dedicated to helping their readers to control their finances by providing concise, well-researched and well-structured information that breaks down otherwise complicated topics into bite-sized pieces.






Auto loans editor










About
Help
Legal Cookie settings Do not sell my info
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the promotion of sponsored goods and services or for you clicking specific links on our website. This compensation could impact how, where and in what order products are listed, except where prohibited by law. We also offer mortgage, home equity and other home loan products. Other factors, like our own website rules and whether or not a product is available within the area you reside in or is within your self-selected credit score range could also affect the way and place products are listed on this website. Although we try to provide an array of offers, Bankrate does not include information about every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|

(c) 2023 Bankrate, LLC. A Red Ventures company. All Rights Reserved.

If you have any questions pertaining to where and ways to make use of payday loans online same day deposit in ohio, paymeoq.site,, you can contact us at our own webpage.