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How do you get a car loan from a bank?

Can I get a car loan from my bank? I am shopping for a car loan, but I prefer to not go through a dealership.

avatar
Phoebe Mah · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Getting a
car loan
from your bank is one of the most common ways to finance a car, so the process is pretty straightforward!
To apply for a loan, you will need:
  • Government ID: This can be your driver’s license.
  • Proof of employment: Bring your most recent pay stubs. Your lender will want to verify you have a steady income and can pay back the loan.
  • Credit report: Lenders need to review your credit report to determine what interest rate to offer you.
  • Information on your vehicle: The bank will want to know the car they are financing. You’ll need to provide them with the make and model of the car, as well as its VIN. They’ll likely also require
    proof of insurance
    .
Once you have the documents listed above, the next step is to go to your bank and talk with a financial expert to submit your documents.
That said, besides immediately choosing your bank as your lender, consider shopping around to ensure you are getting the best deal! It’s possible to find a different lender who will offer you a better rate than your bank.
Since you are looking to apply for a car loan, lenders will require specific types of car insurance in your policy, such as comprehensive and collision coverage. If you’re shopping for car insurance,
Jerry
will generate competitive and affordable quotes from top providers in less than a minute, ensuring you’re always getting the best rate and coverage.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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