Bank Of America Car Loan Online

Loan amounts

You can borrow between $7,500 and $100,000, depending on the type of vehicle you're purchasing and your creditworthine

Loan terms

You can choose a loan term between 12 and 75 months, although the exact term options may vary based on your location and the loan amount

The interest rate you'll receive depends on your credit score, the loan term, and the age of the vehicle.

Interest rates

As of March 2023, the starting interest rate for a new car loan is around 3.24%,

while the starting rate for a used car loan is around 3.74%. However, these rates are subject to change and may vary based on your individual circumstances.


Bank of America doesn't charge an application fee or a prepayment penalty fee. However, there may be fees associated with late payments or returned checks.

Eligibility requirements

To qualify for a Bank of America car loan, you must be at least 18 years old, a U.S. citizen or permanent resident

And have a minimum credit score of 600. You'll also need to provide proof of income and employment