Huntington Bank Auto Loan Review: Great Customer Support, But High Rates and High Fees

Huntington Bank Auto Loan Review: Great Customer Support, But High Rates and High Fees

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Costs

$35 late fee 10 day grace period, $185 filing fee

Regular Annual Percentage Rate (APR)

Starts at 6.34% APR

Auto Huntington Credit

Costs

$35 late fee 10 day grace period, $185 filing fee

Regular Annual Percentage Rate (APR)

Starts at 6.34% APR

Regular Annual Percentage Rate (APR)

Starts at 6.34% APR

Costs

$35 late fee 10 day grace period, $185 filing fee

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Advantages and Disadvantages of Huntington Bank Auto Loans

Huntington Bank is best for residents of certain states who want in-person assistance. Many auto lenders don’t have branches, which can make it difficult to get the support you need. Additionally, the company does not have a loan minimum or maximum, unlike some other lenders. This may make it easier for you to get the amount of financing you need.

However, you will pay higher rates with Huntington Bank than with some competitors because its minimum starts higher than many others. You will pay an application fee, which will be deducted from the total amount of your loan. Also, funding time is relatively slow and bank is not available in many states.

Huntington Bank Auto Loan Comparison

How Huntington Bank Compares

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Editor’s Note

3.25/5

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Regular Annual Percentage Rate (APR)

Starts at 6.34% APR

Editor’s note

3.5/5

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Regular Annual Percentage Rate (APR)

Starts at 3.50% APR

Editor’s note

2.25/5

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Regular Annual Percentage Rate (APR)

Varies by dealer

Chase has an undisclosed minimum credit score, and Wells Fargo is also unclear about its credit score requirements, as they vary depending on the dealership where you purchase your car. Huntington does not have a minimum credit score that it considers, so it may be worth applying even if yours is low.

Chase only requires minimum loans of $4,000, while Wells Fargo does not disclose its minimum loan amount. Huntington Bank does not set a minimum or maximum loan amount.

See our auto loan scoring methodology ยป

Frequently Asked Questions

Huntington Bank is a Better Business Bureau accredited company with an A+ rating from BBB. The BBB rates companies by looking at their responses to customer complaints, honesty in advertising and transparency in business practices.

The Huntington Bank has not been involved in any recent controversies. Between its excellent BBB rating and its clean history, you can feel comfortable trusting the lender.

It is relatively easy to get a loan from Huntington Bank. The company has no minimum credit score and will give you an approval decision within 15-20 minutes. However, you will need to complete your loan in person and can only borrow if you live in one of the 11 states.

Yes, Huntington Bank is a good bank to work with. As an institution as a whole, Insider gives its bank 3.5 out of 5 stars.

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