How to Pay Your Capital One Auto Loan
Contents
If you have a Capital One auto loan, you have a few options for making your monthly payment. You can pay online, by phone, or by mail.
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Introduction
Paying your Capital One auto loan is easy and can be done in a few different ways. You can make a payment online, by mail, or over the phone. You can also set up automatic payments so that you never have to worry about missing a payment.
How to make your payment
Online
To make your payment online, you’ll need to create an online account. Once you’re logged in, you’ll be able to view your current balance, make a payment, and see your payment history. To create an online account, visit the Capital One website and click on the “Sign In” link at the top of the page. From there, select “Create an Account.”
By phone
If you need to make a payment right away, you can do so by phone. To make a payment by phone, call 1-800-946-0332. You will need to have the following information handy:
-Your account number
-Your social security number
-Your date of birth
Once you have this information, the customer service representative will be able to process your payment quickly and easily.
By mail
To make your payment by mail, simply address your envelope to:
Capital One
P.O. Box 790142
St. Louis, MO 63179-0142
Please include your account number on your check or money order to ensure proper credit. Make your check or money order payable to Capital One and allow at least five to seven business days for delivery.
When your payment is due
You have a few options for making your capital one auto loan payment. You can pay online, by phone, or by mail. If you’re not sure when your payment is due, you can find that information online. We’ll go over all the details of how to make your payment so you can choose the option that’s best for you.
Grace period
After your loan closes, you’ll have a grace period of a few days before your first payment is due. During this time, you can make changes to your account, such as setting up autopay or updating your mailing address.
To avoid paying interest on your loan, you’ll want to make sure your payment is received by the due date. If it’s late, you may be charged a late fee. If you’re having trouble making a payment, please contact us so we can help.
Late payment fee
If you make a late payment, you’ll be charged a Late Payment Fee of up to $35. To avoid a late payment fee, simply pay at least the minimum payment due by the Payment Due Date shown on your monthly billing statement.
Paying off your loan
Paying off your Capital One auto loan is simple: just make your regular monthly payments on time and in full. But what if you want to pay off your loan early?
Paying off your loan early may save you money on interest, but it’s important to check with your lender first. Some lenders may charge a prepayment penalty fee if you pay off your loan ahead of schedule.
If there are no penalties for early repayment, you can make extra payments towards the principal balance of your loan at any time. Just be sure to indicate that the payment is “principal only” so that it is applied correctly. You can also make lump-sum payments towards the principal balance of your loan – just be sure to let your lender know in advance so that they don’t apply the payment towards your next month’s payment.
Once you’ve paid off the principal balance of your loan, you’ll still have to make monthly payments until the end of your loan term – but these payments will go towards the interest charges accrued during the life of the loan.
FAQs
Q: How can I make a payment on my Capital One auto loan?
A: You can make a payment online, by phone, or by mail.
Q: What is the minimum payment on a Capital One auto loan?
A: The minimum payment on a Capital One auto loan is $50.
Q: When is my Capital One auto loan payment due?
A: Your Capital One auto loan payment is due on the first of the month.
Q: How do I contact Capital One if I have questions about my auto loan?
A: You can contact Capital One Customer Service at 1-800-227-4825.
