Valley Bank auto loans: 2025 review

Best for fast bank funding

If you are in a tight spot and require a vehicle as soon as possible, Valley Bank can help. Borrowers can secure funding as soon as the day you apply. This timeline is much faster than most competing banks.

Types of auto loans offered by Valley Bank

Valley Bank offers vehicle financing for new or used cars. The amount you can borrow is not disclosed but you can choose a term ranging from 12 to 84 months. 

New and used vehicle loans

• Amounts: Not specified 
• Terms: 12 to 84 months
• APR: From 7.30%

Valley Bank does not carry a minimum credit score requirement but as with all lenders, the lowest rates will be given to those with strong credit. The starting rate of 7.30 percent assumes a 0.25 percent discount for signing up for autopay and a 0.25 percent discount for financing an electric vehicle or hybrid. Even so, Valley Bank's lowest available rate is higher than the national average rate on a new car loan as of 2023's third quarter, according to Experian data.

Where Valley Bank auto loans stand out

• In-person or online service. With 200 branches across four states, borrowers can manage their loans online or in person. 
• Online application. Many brick-and-mortar banks require in-person requirements, so this added convenience stands out.
• Fast funding. Loan funding can be available as soon as the day you apply.

Where Valley Bank auto loans fall short

• Limited availability. Valley Bank only serves borrowers in Alabama, Florida, New Jersey and New York. 
• Undisclosed loan amounts. Valley Bank does not disclose its range of loan amounts, which can make it challenging for borrowers looking to finance a specific amount.
• Unclear qualification requirements. Because Valley Bank doesn't list its requirements online, it's hard to know whether you would qualify for one of its loans without applying and taking a credit score hit.

How to contact Valley Bank

If you need assistance during or following your loan application, Valley Bank offers online support. You can submit questions and receive help either over the phone or via email. But customer service hours are not specified. Outside of this, you can arrange for in-person support by scheduling an appointment at one of their branch offices.

The bank is not accredited by the Better Business Bureau. A majority of complaints registered through the BBB relate to payment process issues. 

How this lender compares

Valley Bank vs Wells Fargo

Unfortunately, neither Valley Bank nor Wells Fargo discloses its specific requirements or terms to secure vehicle financing. Additionally, Wells Fargo loans are only available through its network of dealerships. Before exploring a Wells Fargo auto loan, confirm the vehicle you want is available at one of the 11,000 dealers in the network. Unlike Valley Bank, Wells Fargo offers the ability to apply with a co-signer, which can significantly increase your likelihood of acceptance. 

Valley Bank versus Credit Direct

Only available in 14 states, personal loan marketplace Credit Direct is best for those who want to prequalify for an unsecured auto loan. When borrowing from Valley Bank, there is no minimum loan amount disclosed. In contrast, Credit Direct encourages drivers to borrow as little as $1,000, ideal for those buying a vehicle in poor condition to use for parts. The two lenders offer similarly fast funding.

Do you qualify for a Valley Bank auto loan?

Valley Bank does not disclose its specific qualifications, though a company representative stated there is no specific minimum credit score. But for its other products and services, you must be at least 18 years old and have a Social Security number. You must also live in one of the four states it serves: Alabama, Florida, New Jersey and New York. 

Features and perks 

Borrowers who sign off on direct deposit from a Valley checking account receive a .25 percent discount. Those who finance an electric or hybrid vehicle also benefit from a .25 percent discount.

Fees and penalties

Valley Bank enforces late fees.

How Bankrate rates Valley Bank