About Boro Student Car Loans

Shopping for car loans as a college student can be frustrating. Banks and other traditional lenders may turn you down because you don’t have credit or a cosigner. We believe in the potential you have as a college student and look beyond FICO credit scores to offer you better rates.

We can finance or refinance auto loans for both new and used vehicles. Our student auto loans begin at $5,000 with terms from 12 to 45 months.

Application Process

1. Find a Car and Apply Online

Choose a car from the dealership and complete your car loan application at Boro see Eligibility

2. Sign Loan Agreement

Get approved (in as little as two business days). Upload the required documents and e-sign the loan agreement

3. Drive It Home!

Make a down payment at the dealership and pick up your car!

Did You Know? Boro Is A Better Choice for College Students

Start an application now

For College Students Boro Other Lenders
Term Flexible Fixed
SSN Required No Yes
Approval Time ≤ 2 Business Days Average ≥ 1 week
Build Credit History Yes Yes
Co-signer Required No Yes

Am I Eligible for Boro Auto Loan?

Eligibility Criteria:

  • 18+ and currently enrolled in a U.S. college or university
  • Minimum GPA of 2.0 for undergraduates or 3.0 for graduates
  • U.S. citizen, green card holder or F-1 / OPT / H1B / J-1 / L-1 / O-1 / G visa
  • Model year of 2012 or later with 70k or less miles, no accident records on CARFAX
  • Down payment no less than 25% of the vehicle price

Required Documents:

  • U.S. Citizens: U.S. Driver's License
  • U.S. Green Card Holder: U.S. Driver's License; Green Card Image
  • Internatioanls: U.S. Driver's License; I-20 or other legal documents
  • Verify your bank with 3rd party vendor or provide your eletronic bank statements to us
Check Your Rate Now

Checking your rate will not affect your credit score.

Underwriting with Understanding

We use a unique, innovative, data-intensive underwriting system.

Rather than simply referring to a credit score, we use information such as your academic records, earning potential, and more to offer the lowest possible rates on our loans. Refinancing your auto loan with Boro can bring your rates down and save you money.

International Student Car Loans

At Boro we believe that all college students – including international students – deserve the opportunity to build credit and access financial services. In addition to providing loans for domestic students, we proudly provide loans for international students and expats. No SSN, credit history or cosigner required, as long as you hold an F-1 (OPT), H1B, O-1, L, J-1 visa or green card. Read more about international students.

Boro Auto Loan Reviews

See more loan reviews

Sultan A. - Akron, OH
University of Akron, bachelor's
Yazhou T. - Dover, DE
Delaware State University, bachelor's

Frequently Asked Questions

Need more help? Check our help center

1. How do I make a car purchase with Boro’s financing service?

You can go to any dealership within our covered states (see our auto loan state coverage) and apply for our auto loan. All you need to do is fill out the online application (see apply now) and we will get in touch with you regarding the following steps.

WA OR CA NV UT AZ NM CO TX OK AK HI MO AR LA MS AL TN IN KY OH WV VA NC SC GA FL PA NY VT NH ME MA RI CT NJ DE MD ID MT WY SD IA ND MN WI IL MI KS NE

Auto Loan Coverage

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Massachusetts, Michigan, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.

If your state is not listed here, you can visit and purchase from any dealerships in those listed states and we will get you financed!

* State restrictions may apply.

To qualify for the lowest rates, you must have a responsible financial history and meet other conditions. See APR examples.

To check the rates and terms you qualify for, a soft credit inquiry that will not affect your credit score will be conducted. A hard credit inquiry will only appear after you sign your loan agreement and thus may affect your credit score.