MyAutoLoan Auto Loan Review 2019 - Make Lemonade

MyAutoLoan Auto Loan Review

Company Overview: MyAutoLoan, also known as Horizon Digital Finance, is a privately held, direct-to-consumer, internet-based financing marketplace that helps consumers take control of the research, finance and buy processes for cars and motorcycles. MyAutoLoan offers a wide range of products and services to simplify the search for information and funding alternatives, consumers are provided with a secure, confidential process to obtain up to four loan offers.

MyAutoLoan Auto Loan Overview

MyAutoLoan offers attractive rates and terms compared with other top lenders in the Auto Loan industry:

Loan Amount: $8,000 – $100,000 (auto purchase); $8,000 – $85,000 (auto refinance)

Loan Term: 2 – 7 years

Application Fee: None

Soft Credit Check: No, but rate estimator is available online

Minimum Vehicle Requirements: 100,000 maximum mileage for private party loan offer type and 125,000 for all other loan offer types

Vehicle Age: 10 years old or newer

How MyAutoLoan Compares: Key Benefits Of MyAutoLoan’s Auto Loan

Here are some of the reasons that MyAutoLoan borrowers love MyAutoLoan Auto Loans:

  • Easy Online Application:You can apply for a MyAutoLoan Auto Loan completely online.
  • Multiple Offers:MyAutoLoan submits your application to up to 20 auto lenders and will provide you with up to four (4) offers in minutes.
  • Rate Estimator:MyAutoLoan’s interest rate estimator help you estimate for which rate you might be approved.
  • Customer Service: MyAutoLoan offers live customer support 6 days a week.

Eligibility Criteria

To apply for a MyAutoLoan auto loan, you need to meet the following eligibility criteria:

Requirements To Apply For MyAutoLoan Auto Loan

Minimum Age: At least 18 years old

Citizenship/Residency: U.S. citizen or permanent resident (applies to co-signer too, if any)

States: Available in 48 states (not available in Alaska or Hawaii)

Employment: You are currently employed

Loan eligibility depends on a number of additional factors, which may include your credit profile, income and total debt payments.Lenders through MyAutoLoan will look at the length of time you’ve been at your current place of employment, as well as the year-to-date earnings on your pay stub.

Bottom Line: Is MyAutoLoan right for you?

MyAutoLoan is a marketplace that can show you up to four auto loans within minutes.

To apply for MyAutoLoan auto loans, you generally need a minimum credit score of 500. However, many people who get approved for auto loans through MyAutoLoan have a credit score greater than 600. You will also need minimum income of $1,800 per month or $21,600 per year.

You also cannot have submitted a loan offer form in the past 31 days for the same loan type.
MyAutoLoan also makes the online application easy because you apply for your auto loan completely online.

Next Steps: How To Apply To MyAutoLoan

You can apply for a MyAutoLoan auto loan in 3 easy steps.

Step 1: Check your personalized auto loan rate in just 2 minutes.

Step 2: Complete application and upload documents.

Step 3: Accept loan terms and get funded.

You can complete the online application (which takes only a few minutes). You can expect to provide at least the following documents:

  • Your most recent pay stubs
  • Your most recent bank statements
  • Driver’s license or passport (or other form of government-issued identification)

Applying is super easy – get your personalized rate

Best Auto Loans For 2019

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