At a glance

- Availability
- Affordability
- Customer Experience
- Transparency
About Fifth Third Bank
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Loan amount
$2,000-$80,000
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Min. credit score
660
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APR from
6.41%-10.05%
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Funds available in
Same day as closing
Loan amount
$2,000-$80,000
Min. credit score
660
APR from
6.41%-10.05%
Funds available in
Same day as closing
Before submitting a Fifth Third Bank auto loan application, consider whether the convenience of an in-person experience outweighs its drawbacks.
Autopay discount
Range of repayment options
In-person convenience
Limited state availability
High minimum APR
No prequalification
Fifth Third Bank, a regional financial institution headquartered in Cincinnati, offers auto loans for new and used vehicles and auto refinance loans to its members that hold checking and savings accounts. This, along with its indirect loans through partnered dealers make it a great option for drivers who prefer the convenience of in-person communication.
Financing is only available in the states that Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee. Indirect lending, on the other hand, is available in all states except Alaska, Hawaii, Louisiana and Wyoming.
Financing is only available in the states that Fifth Third serves: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina and Tennessee.
Indirect lending, on the other hand, is available in all states except Alaska, Hawaii, Louisiana and Wyoming.
Fifth Third Bank does not outline specific requirements outside of residing in one of the states served and holding a Fifth Third account if you’re seeking direct financing.
While Fifth Third Bank does not disclose much on its website regarding its new and used auto loans, information gathered from a bank representative outlines the specifics. Loans can be financed for up to $80,000, and you can choose a term between 12 and 75 months.
Refinancing your current loan with Fifth Third Bank can be a great option to lower your monthly payment and adjust your rate. The minimum APR is 6.41 percent. Receive a .25 percent discount for refinancing a non-Fifth Third auto loan or signing up to have payments automatically deducted from a Fifth Third checking account.
Fifth Third Bank also offers indirect financing through its network of new vehicle franchise dealers. These are available in all states except Alaska, Hawaii, Louisiana and Wyoming.
To apply for a Fifth Third Bank auto loan, you can either visit a banking branch in your area or call 866-671-5353. Unfortunately, you cannot apply online. But you can manage your loan through your account online following approval. Before heading to a banking office, take advantage of an auto loan calculator to understand how much you can afford.
While there is no application fee, prepare to pay an origination fee of $165 if you accept the loan terms. Following approval, take advantage of the automatic payment option to ensure you never miss a payment, as there are also late fees.
Overall score | 3.6 | |
---|---|---|
Availability | 4.0 | Limited state availability is offset by multiple loan terms and generous minimum and maximum loan amounts. |
Affordability | 3.4 | A high minimum APR and undisclosed features leave Fifth Third with a middling score. |
Customer experience | 4.4 | Fifth Third allows for automatic payments, online access and customer support six days a week. |
Transparency | 2.5 | Fifth Third does not allow for loan prequalification and rates and fees are not disclosed online. |
Bankrate considers 18 data points when selecting top auto loans. Acceptance criteria, whether rates and fees are available and APR range all influence lender scores. These scores are broken up into four categories.