National Auto Loan Network
Is This Your Business?Author: Kaitlyn Short
The National Auto Loan Network refinances auto, RV, and marine loans and is one of the country’s fastest-growing direct-consumer lenders. The company is headquartered in Tustin, California, and was founded by finance professionals who have more than 40 years of experience. The National Auto Loan Network has refinanced more than $1 billion in auto loans for more than 50,000 customers since 2010. According to its website, borrowers can save up to $100 per month by refinancing with the National Auto Loan Network.
Top Ranked Companies
The Good
- Online Applications
- Experience
- Fast Service
Online Applications
The National Auto Loan Network allows clients to apply for loans directly on its website. Those who are interested can visit the company’s website and fill out the online form. No in-person visit is required to apply or complete the loan paperwork, making the process fast and easy for anyone who has an internet-connected device.
Experience
The National Auto Loan Network has been in business for more than a decade, with more than $1 billion dollars in auto loan refinances for more than 50,000 customers. Those who founded the National Auto Loan Network are finance professionals who have more than 40 years of experience. This makes the company one of the more experienced direct-consumer lenders, aside from large financial institutions.
Fast Service
Those who want to refinance their auto, RV, or marine loans with the National Auto Loan Network can apply online and receive their loan terms within two business hours. They can also complete their loan paperwork online, saving them travel time.
The Bad
- Lack of Information
Lack of Information
While potential National Auto Loan Network borrowers can receive their specific lending terms within two business hours, the company’s website doesn’t list an APR range, term lengths, or credit score minimums for its loans. Applying is a necessary step to figure out whether the National Auto Loan Network’s lending terms will work for each borrower.
The Bottom Line
Customers who refinance their auto, RV, or marine loans with the National Auto Loan Network can save up to $100 per month, according to the company’s website.
The National Auto Loan Network has been in business for more than a decade. This makes the company one of the more experienced lenders in the industry, aside from large banks.
Applying to refinance with the National Auto Loan Network is quick and easy, provided the borrower has an internet connection. Borrowers apply online via the National Auto Loan Network website, so no travel is necessary. They then receive their loan terms within two business hours.
One downside to the National Auto Loan Network is that the company doesn’t disclose APR ranges, term lengths, or credit score minimums on its website, requiring customers to apply before discovering anything about the loan terms. Luckily, applying is fast and easy, but it is one step more than simply being able to glance at the website and see whether the company’s potential loan terms would work for a borrower.
Borrowers who are still in the early stages of shopping for a lender to refinance their auto loan, or those who have a lower credit score and are uncertain whether they’ll be approved, may want to try other lenders first.
But the National Auto Loan Network is a great option for those who want the convenience of applying and completing their paperwork quickly from their own home — especially those who may have to travel longer distances to reach lenders.
