Formerly known as the Bank of Agriculture and Commerce, the institution changed its name to BAC Community Bank in 2015. The bank primarily operates in the Stockton area, California, and is very much focused on serving the residents of the local community.
Unfortunately, BAC provides very little information on its auto loans via its website.
BAC states its rates are competitive, but you’ll be directed to a contact page where you’ll have to email any questions you might have.
No credit score requirements are disclosed by BAC. All auto loans, however, will be subject to underwriting and approval.
You won’t be able to find the maximum and minimum loan amounts stated on the BAC website. You’ll be directed to a contact form to raise any queries. Typically, other banks tend to offer auto loans between $5,000 and $100,000.
You can finance new and used cars and trucks.
You’ll need to be a resident in one of three counties in California; Contra Costa, San Joaquin, or Stanislaus.
BAC doesn’t list those documents required to apply for an auto loan.
However, most banks and credit unions will ask for proof of income and address and some kind of photo ID, like a passport.
You’ll need to get in touch with BAC directly to find out what sort of fees might apply to your auto loan.
As there’s no online option, your application might take longer than other loan providers.
You’ll need to make an appointment in-branch.
BAC representatives will then walk you through the application process and how long it might take.
You’ll have to apply in-branch directly or call BAC customer services. There’s no online application form available.
This isn’t stated on the BAC website. Usually, other loan providers will offer a monthly auto-pay option. You’ll have to get in touch with BAC to confirm, though.
BAC is a service geared towards those who want a stake in the local community.
If you live local and appreciate the volunteer and charity work it does, you might want to consider taking a loan here to show your support.
However, the application process can’t be completed online, only very limited information is available and there are restrictive residency criteria to meet before you can apply.
Instead, you might want to try providers like Capital One or Open Road. Both have easy-to-follow online application processes, and you’ll get a range of no-obligation quotes.
You can also apply if you have bad credit, and both are open to applications nationwide.
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