Personal Banking > Personal Loans > Automobile Loans > Frequently Asked Questions
Automobile Loans
FREQUENTLY ASKED QUESTIONS
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General
Application Process
How old can my auto, recreational vehicle or boat be to be
eligible for financing?
We will finance autos up to seven (7) years old and recreational vehicles up to six (6) years old from the current model year.
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Can I purchase from a private party?
Yes, National Bank of Arizona will finance your purchase from a private
party or a dealer.
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Can I refinance my loan that is with another lender.
Yes, we can refinance your vehicle or boat loan that is with another lender.
We offer competitive rates and terms. You may be able to lower your monthly
payment by refinancing with us.
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Do I need to have a down payment?
The amount of down payment required will depend on a number of factors
including loan amount, model year, model condition, and personal credit
factors.
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How much can I borrow?
Your loan amount is determined based on a number of factors including purchase
price or Kelley Blue Book Value, model year, and personal credit factors.
Please refer to product detail for additional information.
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What are the payment terms available?
You will be required to make monthly principal and interest payments on
your loan. We offer up to 72 months on new automobile loans and up to 120
months on recreational vehicle and boat loans. We offer up to 60 months
on used automobile loans and up to 72 months on used recreational vehicle
and boat loans.
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How can I apply for a loan?
You may apply on-line, by phone, or in person.
On-Line: Our secure on-line application is available 24 hours a day, 7 days a week.
By Phone: To apply by phone, call us at 1-800-995-5626.
Monday – Thursday 8:00 a.m. – 7:00 p.m.
Friday 8:00 a.m. – 6:00 p.m.
Saturday 10:00 a.m. – 3:00 p.m.
All times are Mountain Time zone.
In Person: We have over 75 statewide locations in 52 communities. Find the branch closest to you. Click Here
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How long does the application process usually take?
Whether you are applying on-line, over the telephone, or in the branch the application process is very easy and quick. Depending on the type of loan and whether you have a co-applicant, the application process can take between 10 to 15 minutes.
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How quickly can I get approved?
On-Line: Usually, you will have an answer within one business day upon submission of your application, during our stated business hours. This will be subject to verification of your application information and other loan conditions or stipulations.
By Phone: Generally, you will have an answer while you are on the phone, subject to verification of the information you provided and other loan conditions or stipulations.
In Person: Usually, you will have an answer within one business day upon receipt of a completed application during normal business hours, subject to verification of your application information and other loan conditions or stipulations.
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What information do I need to have
available to apply?
Understanding the application process prepares you to make better decisions
and will make the process easier. Click on the loan type below for a
checklist to assist you in the application process. *Some pages in our site are in "PDF" format and require Adobe Acrobat Reader 8.0 or higher to view properly. Click here to download and install Acrobat Reader.
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Are there any fees or costs
to apply?
There are no fees or costs to apply.
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Are there any fees or costs associated
with my loan?
Generally none. We do not charge any loan origination fees, points, or closing
costs.
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How quickly can I close my loan?
The average time for closing a loan varies by loan type. For non-real estate
loans, you can usually close within 3 business days after all required information
is obtained by the bank. For real estate loans, closing times will vary based
on the type of appraisal required, but generally you can expect to close within
20 to 25 business days.
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Where do I go to close my loan?
You may close your loan at the branch of your choice.
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What do you do with my information?
Is it secure?
We put a high priority on safeguarding your information. Please refer to
our Privacy Statement for details.
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