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Nationwide Bank is a federally chartered savings bank and Member FDIC. Nationwide Bank is part of one of the largest insurance and financial services groups in the world, Nationwide Mutual Insurance Company and Affiliated Companies.

Nationwide Bank offers financing for new and used vehicles, as well as refinancing options. Customers may also apply for a lease buyout. A down payment and value of a trade-in may be considered during the loan application process and after to calculate monthly payments. Once applicants are approved then Nationwide Bank varies individual APR and terms based on creditworthiness as well as the loan amount financed. Fees, rates and features are subject to change without notice.

How Does a Nationwide Bank Auto Loan Work?

Auto loan financing for new cars is available:

  • for loans from $1,000 to $100,000,
  • for loan terms from 36 months to 84 months,
  • and from a 2.19% APR to an 8.74% APR.

Auto loan financing for used cars is available:

  • for loans from $1,000 to $100,000,
  • for loan terms from 36 months to 84 months,
  • and for a 2.29% APR to an 8.84% APR.

Auto loan refinancing is available:

  • for loans from $1,000 to $100,000,
  • for loan terms from 36 months to 84 months,
  • and for a 2.44% to 8.79% APR.

The lowest APR Annual Percentage Rate of 2.19% is based on a 36-month fixed rate loan for a total loan amount from $25,000 to $100,000. To qualify for this rate, the customer must have a credit score of 740 or above and agree to automatic/ACH payments for a 1% discount. Customers should be aware they may not retain the 1% APR discount if they cancel automatic payments at any time after loan closing and effectiveness.

Interest on auto loans is calculated each day on a simple interest basis, based on the declining principal balance of the loan.

What Can I Expect from the Nationwide Bank Auto Loan Application Process?

The Nationwide Bank auto loan application process takes place online. Customers are also able to consult with a loan representative by calling Nationwide Customer Service at 1-877-422-6569. The online application system is secure and only takes a few minutes to complete.

For applicants’ convenience, Nationwide Bank offers a Loan Approval Calculator online. To complete the approval estimate, applicants should be prepared with their total income, number of income sources, total payment amounts for existing debt, total of all credit card limits, number of dependents and real estate security amount.

Applicants need not despair if they discover they do not qualify for a Nationwide Bank auto loan after using the online calculator. The potential borrower should request contact from a Nationwide Bank loan officer. The loan officer will be able to walk the potential borrower through different vehicle pricing and loan terms or suggest down payment amounts in order to gain an approval.

What Are Benefits of an Auto Loan with Nationwide Bank?

Because Nationwide Bank is a fully digital bank, customers may do everything online at their convenience: apply for a loan, get pre-approved, sign loan documents and make monthly payments. Customers may estimate the total cost of their monthly payments ahead of application with Nationwide Bank’s online payment calculator.

Nationwide Bank is one of few financial institutions to finance auto loan amounts as low as $1,000.

The Nationwide Auto Shopping Service makes it easy for its auto loan clientele to review what other customers are paying and compare dealer prices on their desired vehicle. Nationwide Bank auto loan customers have the advantage of concentrating other necessities such as auto, homeowners and renters insurance within the larger Nationwide Mutual Insurance companies.