Buying a car is a big deal, whether it’s your first or your fifth. And Regions Bank auto loans are a popular choice for car buyers across the Southeast and Midwest. With flexible terms, EV-friendly perks, and large loan amounts, they appeal to a wide range of drivers.
But are they the best fit for your needs in 2025? In this review, we’ll break down everything, from rates and features to pros, cons, and how they compare to other lenders. Let’s take a closer look.
What Are Regions Bank Auto Loans?
Regions Bank is a major player in the Southeast and Midwest United States, with over 1,300 branches in 15 states. Their auto loan products cover:
- New car purchases
- Used car purchases (up to 7 years old and under 90,000 miles)
- Auto loan refinancing
- Electric vehicle loans with special rate discounts
Regions Bank auto loan amounts vary from $5,000 to $125,000, and in some cases, the Loan-to-Value (LTV) might reach 130%. That’s higher than many other banks, which typically cap LTV at 100%–120%.
They also offer:
- Competitive fixed APRs (as low as 6.24% with Auto Pay)
- Loan terms up to 72 months
- Complimentary GAP insurance
- Special EV loan discounts
- Quick credit decisions for applicants
To apply for Regions auto loans, you’ll need to meet certain requirements, including having a Regions deposit account open for at least six months. This requirement is a hurdle for some, but the upside is a smoother digital experience and better integration with your bank services.
Current Rates and Discounts of Regions Bank Auto Loans
Regions Bank auto loans come with a wide range of interest rates to match different borrower profiles. As of mid-2025, the Annual Percentage Rate (APR) falls between 6.24% and 16.49%, depending on factors like your credit score, loan amount, loan term, and the type of vehicle you’re buying. With Auto pay, it’s only from 6.24% to 16.24%.
This rate range is fairly standard, but it’s worth noting that it can be slightly higher than what some large national banks or credit unions offer. However, Regions can still be a great option if you qualify for their special discounts.
Regions Bank Auto Loan Rates & Terms Snapshot
Here’s a simple breakdown of Regions Bank auto loans rates:
| Feature | Details |
|---|---|
| APR Range (with Auto Pay) | 6.24% – 16.24% |
| Loan Amount | $5,000 – $125,000 |
| Loan Terms | Up to 72 months |
| GAP Insurance | Included |
| EV Loan Discount | Yes |
| Loan-to-Value Ratio (Dealer) | Up to 130% |
| Loan-to-Value (Private Sale) | Up to 110% |
| Auto Pay Discount | 0.25% |
Available Discounts to Lower Your Rate
- Autopay Discount: If you choose to set up automatic monthly payments from your Regions Bank account, you can reduce your interest rate by 0.25%. Not only does this save you money, but it also ensures your payments are never late.
- Electric Vehicle (EV) Discount: Planning to go green? Regions rewards eco-conscious buyers with lower rates when financing electric vehicles. While the exact discount isn’t publicly listed, it typically results in better terms than standard auto loans.
Though these rate reductions might seem small, they can make a real impact on the life of your loan. Even a 0.25% cut can help you save hundreds of dollars in interest, especially on higher loan amounts.
Key Features of Regions Bank Auto Loans
Here’s a closer look at the most important things you should know about Regions Bank auto loans:
High Loan Limits for Bigger Purchases
One of the most attractive features of Regions Bank auto loans is the ability to borrow up to $125,000, with financing available for up to 130% of the car’s value (Loan-to-Value or LTV).
- Minimum loan: $5,000
- Maximum loan: $125,000
- Loan terms: Up to 72 months (6 years)
- Loan-to-value (LTV):
- Up to 130% on dealer purchases and refinancing
- Up to 110% for private party sales
This is ideal for personal customers buying high-end vehicles or adding protection packages, taxes, or extended warranties to their loan.
Free GAP Waiver Protection
Another standout benefit of Regions Bank auto loans is that GAP insurance is included at no extra charge. In the event that your car is stolen or wrecked, GAP (Guaranteed Asset Protection) will reimburse the difference between what your insurance covers and what you still owe.
Normally, this kind of coverage costs an extra $300–$700 at other lenders, but with Regions, it’s automatically built into your loan.
Handy Online Calculators and Tools
Not sure how much car you can afford? Regions offers easy-to-use tools right on their website, such as:
- A monthly car payment calculator to estimate what your loan might cost each month.
- A vehicle affordability estimator to see what price range fits your budget.
- A loan refinancing checklist to help current car owners decide whether switching to a new loan makes sense.
These Regions Bank auto loan calculators and tools are great for beginners or anyone who wants to explore their options before talking to a loan officer.
Regions Bank Auto Loans: Eligibility
Not everyone can apply for a car loan through Regions Bank, so it’s important to understand the eligibility rules before you begin.
Regions Auto Loan Requirements
To qualify, you must meet a few basic Regions Bank auto loan requirements:
- You must be at least 18 years old, or the minimum legal age in your state.
- You must live in one of the 15 states where Regions does business. If you’re outside these areas, unfortunately, you won’t be eligible.
- You need to have a Regions deposit account, like a checking, savings, or money market account, that’s been open for at least six months. This is required for all auto loan applicants. While this adds one extra step, it also allows for easier management of your loan through the same bank app or online portal.
You must be able to provide personal and vehicle documents, including:
- Your Social Security number
- A valid driver’s license (including issue and expiration dates)
- Proof of income (like recent pay stubs or tax documents)
- Vehicle information (year, make, model, mileage)
- Proof of insurance for the vehicle you plan to finance
Where Can You Apply?
Regions Bank serves customers in 15 U.S. states, mostly in the Southeast and Midwest. If you live in one of the following states, you’re eligible to apply:
Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas.
Unfortunately, if you’re located outside of these areas, you won’t be able to get an auto loan from Regions. That makes it less convenient for borrowers looking for a nationwide lender.
Vehicle Requirements
To qualify for a Regions Bank auto loan, your car must:
- Be seven years old or newer
- Have less than 90,000 miles
This applies to both new purchases and refinancing.
Application for Regions Bank Auto Loans
Applying for a Regions Bank auto loan is a fairly simple process, especially if you’re already a customer. You can choose the method that works best for you:
- Apply online by visiting the Regions Bank website.
- Call their loan experts at 1-888-462-7627 during business hours.
- Visit a local Regions branch to speak with a banker in person.
However, one downside is that pre-qualification isn’t available. This means you won’t be able to check your estimated interest rate without going through a hard credit inquiry, which could temporarily affect your credit score.
Here’s what the application process online typically looks like:
- Choose your loan type: Whether you’re buying a new or used car, refinancing an existing loan, or purchasing an electric vehicle, Regions has options for you.
- Log into your Regions account: You’ll need an active Regions checking or savings account. If you’re new, you’ll have to open one before you apply.
- Fill out the online form: The application takes less than 10 minutes to complete. You’ll provide information such as your contact details, employment status, income, and information about the vehicle.
- Submit supporting documents: This usually includes a valid ID, recent pay stubs or tax returns, and details about the car (like VIN, mileage, and year).
- Wait for approval: Most applicants for Regions Bank auto loans receive a decision within one business day, though it can sometimes be quicker.
Once approved, loan management becomes easy thanks to the Regions mobile banking app, which is highly rated: 4.6 stars on Google Play and 4.9 on the App Store. Through the app, you can track your loan status, upload documents, make payments, and set up alerts, all from your phone.
Regions Bank Auto Loan Fees
While Regions offers attractive features, one area that needs work is fee transparency. Unlike some banks that lay out all their charges clearly, Regions does not publicly disclose certain fees of Regions Bank auto loans, such as:
- Origination fees: It’s unclear if they charge one, and if so, how much.
- Prepayment penalties: Some customer reviews mention fees for paying off the loan early.
- Late payment fees: There’s no detailed information available online.
This lack of upfront clarity can be confusing and inconvenient, especially for borrowers who like to compare all the numbers before committing. It also makes budgeting harder, since you might not know about extra costs until later in the process.
Therefore, if transparency and fee clarity are priorities for you, be sure to ask your loan officer directly about all potential charges before signing anything.
Pros and Cons of Regions Bank Auto Loans
When choosing an auto loan, it helps to see both the good and the not-so-good in one place. Here’s a more detailed breakdown of the advantages and limitations of choosing Regions Bank auto loans.
Pros of Regions Bank auto loans:
- Large loan amounts, up to $125,000
- EV discounts available
- Free GAP coverage usually costs extra at other lenders
- High LTV allows financing of extra costs
- Quick credit decisions
- Auto Pay discount to a lower Regions Bank auto loan APR
Cons of Regions Bank auto loans:
- Only available in 15 states
- No prequalification option
- Strict vehicle age/mileage limits
- No soft credit check available
- Deposit account required (6+ months)
How It Compares to Other Big Lenders:
To help you see where Regions stands, here’s a side-by-side comparison with a few major auto lenders:
| Lender | Loan Amount | APR (Starting) | GAP Insurance | Prequal Available | Availability |
|---|---|---|---|---|---|
| Regions Bank | $5,000 – $125,000 | 6.24% | Yes (included) | No | 15 Southern states |
| Capital One | $4,000 – $75,000 | ~5.99% | No | Yes | Nationwide |
| LightStream | $5,000 – $100,000 | ~7.49% | No | No | Nationwide |
| Bank of America | $7,500 – $100,000 | ~5.99% | No | Yes | Nationwide |
Does Regions Bank Refinance Car Loans?
Yes. Regions allows you to refinance an existing car loan with another lender. The process is similar to applying for a new auto loan. You can refinance loans up to $125,000, with up to 130% loan-to-value, as long as your car is 7 years old or newer and has under 90,000 miles.
Refinancing may help if your credit has improved or market rates have dropped. These loans follow the same terms and benefits, including GAP coverage, but cannot exceed the remaining months on your current loan. So, if you only have 24 months left, your new Regions loan can’t go longer than that.
FAQs About Regions Bank Auto Loans
What credit score do I need to qualify?
- While the bank doesn’t list the Regions Bank auto loan credit requirements, most approved borrowers have good to excellent credit, which generally means 650 or higher.
Can I get pre-qualified without a hard credit pull?
- No. Regions does not offer soft pre-qualification. You’ll need to undergo a hard credit check, which may slightly impact your credit score.
Does Regions charge an origination or prepayment fee?
- This is unclear because the bank doesn’t provide public information about these fees, so it’s important to ask directly before finalizing your loan.
Can I refinance my current car loan with Regions?
- Yes. Regions offers auto loan refinancing, which may help you lower your interest rate or monthly payments if you qualify.
Are there special loan rates for electric vehicles (EVs)?
- Yes. Regions provides discounted rates for EVs, making it a smart option for environmentally conscious drivers looking to save more over time.
Regions Bank auto loans offer solid benefits like high loan amounts, EV discounts, and free GAP coverage, but they also come with limits. If you live in one of the supported states and don’t mind opening a Regions account, this could be a smart choice. Just be sure to ask about fees upfront. For the right borrower, Regions delivers a strong mix of value and convenience.
