Frost Bank Review

How much can you borrow?

You can use these loans to cover the full purchase price of your desired vehicle.

What types of vehicles are eligible for financing?

The auto loans here are described as covering most road vehicles.

There are no more specifics than that, so if you have an unusual vehicle you may want to confirm that it's covered.

How do I qualify?

There are some setbacks, though, as Frost Bank has eligibility requirements.

Unfortunately, it only covers certain areas of Texas, so if you're outside of these places you won't be able to apply.

The counties covered are as follows:

• Austin
• Corpus Christi 
• Dallas 
• Fort Worth
• Houston
• Permian Basin
• Rio Grande Valley
• San Antonio
• Victoria

What documents do I need?

To apply you’ll need to prove that you’re from or live in one of the above locations.

You’ll also need two forms of government ID, along with your social security number.

What are the fees?

There isn't any indication of fees, and often this is the case with auto loans. However, you would be well advised to confirm this for yourself.

How long does the loan process take?

It takes approximately 15 minutes to apply by phone, and you’ll receive an answer between two and four hours during normal business hours.

How to apply for an auto loan?

Unusually, you can't apply online for these loans, and instead must phone up or visit a branch.

What payment methods are supported?

You can pay using a bank transfer or credit card, or you can set up an auto-pay or direct debit.

Is Frost Bank right for you?

Frost Bank has reasonable rates and comes well recommended.

The main downside is that in order to join you have to live in certain parts of Texas.

And even if you do, the rates are average and can be found at lenders who have more to offer.

For example, Carvana covers the entire nation, so you won't have to live in Texas to apply.

Plus, it has more compelling side features, such as the ability to skip payments if you're having a difficult month.