bdteletalk

697 Credit Score Auto Loan Interest Rate

By Special Correspondent

It's important to understand the interest rate associated with an auto loan before committing to a purchase. Different credit scores can affect your loan's interest rate, and having a 697 credit score puts you in a good spot for low interest rates.

Table Of Content:

3. Car loan interest rates with 697 credit score in 2022

https://creditscoregeek.com/fair-credit/697/auto/
Car loan interest rates with 697 credit score in 2022Interest rate on car loan with 697 credit score can go anywhere from 8% to 12%, but it also depends on the lender and the specific background credit history ...

6. Loan Rates - Partnership Financial Credit Union

https://www.mypfcu.org/loans/rates-3/
Loan Rates - Partnership Financial Credit UnionIf purchased after the vehicle loan is funded or not in conjunction with a vehicle loan the interest rate will be. 8.50% APR.

9. Is 697 a good credit score? | Lexington Law

https://www.lexingtonlaw.com/education/score/697
Is 697 a good credit score? | Lexington LawOct 11, 2021 ... A 697 score should easily secure you a car loan. On average, your score should get you an interest rate between 3.6- 4.6 and between – and 6 ...

What is considered a good credit score for an auto loan?

Generally, anything higher than 690 is considered a good credit score if you are trying to get an auto loan. Having a 697 credit score means you qualify for better than average interest rates.

How does my credit score affect my loan's interest rate?

Your credit score determines the amount of risk a lender takes on when offering you an auto loan, which affects the interest rate they offer you. A high credit score indicates that you are more likely to repay the debt and therefore pose less of a risk, resulting in lower interest rates.

What is the average interest rate for someone with a 697 credit score?

The average interest rate for someone with a 697 credit score is typically around 3-4%. However, it is always best to shop around and compare different lenders to make sure you are getting the best deal possible.

Conclusion:
A 697 credit score is considered an excellent rating and can help secure lower interests rates when securing an auto loan. Shopping around and comparing lenders can ensure that you get the best possible deal available.

Special Correspondent

Eusha Binte Omar is our special correspondent.

View all posts

Top