Loan amount from $5,000 to $3,000,000*

12 60
Monthly payment
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Loan amount Term APR starts at
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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 60 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

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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 BoroDrive?

Eligibility Criteria:

  • 18+ years old and currently enrolled in a U.S. college or university or graduated in the last 3 years
  • Minimum GPA of 2.0 for undergraduates or 3.0 for graduates
  • U.S. Citizens, Green Card holders and A5, C8, F1 / OPT, G, H1B, J1, L1, O1 Visa holders
  • Model year 2011 or newer with 90k or less miles, and no accident records on CARFAX
  • No commercial vehicles, salvaged, lemon-law buybacks, classic, modified, consulate vehicle, or straw purchases
  • Flexible down payment less than 15% 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
  • Internationals: U.S. Driver's License; I-20 or other legal documents
  • Verify your bank with our 3rd party vendor or provide your electronic bank statements.
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, G visa or green card. Read more about international students.

BoroDrive 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 BoroDrive state coverage) and apply for our BoroDrive. 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.

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

BoroDrive 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.

* 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.