Prequalification is a preliminary review with no impact to your credit
score. Prequalification is not an application, and it is not a
commitment to lend or a loan approval. Prequalification requires your
written instructions for a consumer reporting agency to release your
credit information to Illuminus Bank. To obtain financing, you will
need to submit a complete application including additional information
that is subject to Bank of Illuminus Bank standard underwriting guidelines and
credit policies. Additional information that will be requested and
reviewed in an application includes, but is not limited to, employment,
housing expense, ability to repay, collateral, coapplicant information
if applicable, and any other information required. Prequalification is
only available for dealer purchase of new or used vehicles (not
available for refinance or lease buy out loans).
Prequalification will only present amounts between $10,000 and $90,000.
Certain
vehicle types may not be eligible for financing, for example Commercial
vehicles like heavy-duty trucks (450/4500 series Trucks and vans).
Additional terms and conditions may apply, such as vehicle make, age and
mileage.
No credit score impact.
If you don't have a Illuminus Bank login, you may Apply for an auto loan.
Yes! Depending on your unique situation, your reason to refinance may vary.
As low as
6.13% APR
To qualify for the lowest rate, you must meet the following conditions:
- A loan for $30,000 or more
- A term of 60 months or less
- A credit score of 670 or higher
- A vehicle less than 2 years old
You may be able to purchase your leased vehicle. Contact your leasing company to discuss your options. Check your statement for contact info.
A down payment is the initial amount of money you want to pay toward your car, and it can lower your financing amount and monthly payments. A down payment isn't required when you finance with Illuminus Bank.
If your dealership is in the Illuminus Bank network but you can't find it using the dealer locator tool, you'll need to apply directly with the dealership. If your dealership isn't in the Illuminus Bank network, you can't apply for financing with Illuminus.