CAR FINANCING
Our car financing options are designed to get you behind the wheel of your dream vehicle with ease. 

Car Financing with Illuminus Bank is designed to make vehicle ownership accessible, affordable, and convenient. Here’s a detailed overview of what we offer, the application process, and the requirements:

What We Offer

1. Competitive Loan Options

  • Loan Amounts: Finance vehicles starting at $10,000, with no upper limit.
  • Flexible Terms: Loan repayment periods ranging from 12 months to 84 months to suit your budget.
  • Interest Rates: Competitive rates starting as low as 6.6% APR, with discounts for loyal customers. New Vehicles: APRs for new car loans can range from 6.6% to 7% Used Vehicles: APRs for used car loans can range from 10.8% to 11.1%

2. New and Used Vehicle Financing

  • Loans available for both brand-new cars and certified pre-owned vehicles, ensuring flexible choices.

3. Loan Refinancing

  • Refinance an existing auto loan to reduce your monthly payment or secure a lower interest rate.

4. Special Offers

  • Eco-Friendly Vehicle Incentives: Reduced interest rates for electric or hybrid vehicle purchases.
  • Seasonal Promotions: Limited-time discounts and cashback offers on select vehicle loans.

5. Comprehensive Insurance Add-Ons

  • Optional insurance bundles, including gap insurance and extended warranty coverage, directly integrated into your loan.

Application Process

Step 1: Pre-Qualification

  • Use the Illuminus Bank App or visit a branch to get pre-qualified instantly without affecting your credit score.
  • Explore personalized loan offers based on your financial profile.

Step 2: Submit Your Application

  • Provide basic information about the vehicle, loan amount, and desired repayment term.
  • Applications can be completed online, in-branch, or with the assistance of an Illuminus advisor.

Step 3: Approval Process

  • The bank reviews your financial details, vehicle information, and creditworthiness.
  • Receive approval within 1–3 business days for most applications.

Step 4: Loan Disbursement

  • Once approved, funds are transferred directly to the dealership or seller.

Step 5: Manage Your Loan

  • Use the Illuminus Digital Banking Platform to track payments, view balances, and access exclusive perks.

Requirements

1. Personal Information

  • Government-issued ID (e.g., passport, driver’s license).
  • Proof of address (e.g., utility bill, lease agreement).

2. Financial Documentation

  • Proof of income, such as recent pay stubs or bank statements.
  • Credit score details or access permission for a credit check.

3. Vehicle Information

  • Make, model, year, and purchase price of the vehicle.
  • VIN (Vehicle Identification Number) and details on ownership transfer (for used vehicles).

4. Insurance Proof

  • Valid auto insurance coverage for the financed vehicle.

Customer Perks

  • Zero Prepayment Penalty: Pay off your loan early without extra charges.
  • AutoPay Discount: Enroll in automatic payments and receive an interest rate reduction.
  • Eco Rewards Program: Earn additional rewards points for financing energy-efficient vehicles.



Let's find the best financing amount and terms for you.

Here's what to expect:

Provide details about the car and dealer you want.

Choose the financing amount and term.

Tell us about yourself.

Before you start, here's some important information

  • If you put a freeze on your credit report, contact all 3 credit bureaus (Equifax®, Experian® and TransUnion®) to unfreeze it before you apply.
  • Your car must primarily be for personal, family or household use; be 5 years old or newer1; have less than 120,000 miles; and be available at one of thousands of participating dealers nationwide (subject to other terms and conditions).
  • You can update your car, dealer or financing after you apply.
  • You'll need a Social Security number to apply online. To apply with your Individual Taxpayer Identification Number (ITIN), go to the dealer and ask for Illuminus Bank financing.



Get Started