Regions Bank has simple straightforward banking solutions to assist you with all of your financial needs. Their website easily lets you navigate to manage credit, loans, retirement, and savings all in one simple place. They even give you tips for the best financial solutions depending on your stage of life. Regions is focused on informed, straightforward, and honest banking.
- Great services
- Regions Auto Center
Regions has a very intuitive online auto loan application that allows you to see exactly what their auto loan program entails. Their auto loan home page is so simple to understand and easy to use. Firstly, they openly display their APRs, available loan amounts, and additional important information like mileage limits. Then, when you apply for your loan they give you the lowest APR they have available based on your credit score. Also, if you’re a participant of Regions Checking accounts they do offer rate discounts when you sign up for automatic payment.
Regions Auto Center
The most unique feature is Regions Auto Center. Regions supplies no hassle online car buying so you can avoid the haggling at a dealership and find a certified car with their TrueCar price reporting system. This intuitive program allows you to find your car and your loan all online from the convenience of your home. Regions also offers great APR that start at 1.99 percent.
- Higher interest rates
- Mileage restrictions
- Year restrictions
Regions does advertise higher interest rates than other companies. Depending on your credit score, you might receive a better rate from them; however, their lowest advertised rate is higher than some other companies in the industry. Regions is also one of the few companies that not only has mileage restrictions, but it also has an age limit on the car. So even if you have a low mileage car that is in great condition, if it’s more than seven years old it won’t qualify for the loan.
Lack of Transparency
Regions is also lacking transparency on their website. We feel that it is important for customers to be able to find information on auto loan websites without having to apply. Information that Regions is missing on their website includes application fees, term length, early-pay penalty fees, and bad credit loan options.