On the Bank of America loan online portal, you can start, save, upload documents, and track status from the bank’s secure portal.
Below is a practical, source-based guide to applying for auto loans, mortgages, and home equity lines of credit (HELOCs).
BofA does not offer unsecured personal loans; if you’re looking for that product, you’ll need to consider alternatives.
What You Can Apply For in Bank of America Loan Online Portal
Each product has its own application flow, but all allow you to create or use an existing login, upload required documents, and return later.
- Auto loans: You can apply online, receive a quick decision, and lock a rate for 30 days. Preferred Rewards clients may qualify for an interest rate discount of 0.25%–0.50% off the approved APR.
- Mortgages: The Digital Mortgage Experience® lets you prequalify, apply, and upload documents online for purchases or refinances.
- HELOCs: You can submit a HELOC application online in about 15 minutes, estimate payments with a calculator, and later convert portions to a fixed rate if needed.
Interest Rates: The Numbers You’ll See
For the most accurate numbers, use the product calculators and “Check rates” tools in BofA’s portal—rates are ZIP-code and profile specific.
Auto
BofA advertises competitive fixed-rate auto loans with a 30-day rate lock.
Preferred Rewards discounts of 0.25% (Gold), 0.35% (Platinum), and 0.50% (Platinum Honors and higher).
Exact APRs depend on your credit, term, state, and eligible discounts; you’ll see your individualized APR during the application.
Mortgage
Mortgage pricing changes daily and is influenced by bond markets.
Recent national surveys have reported average 30-year fixed rates around the mid-6% range and 15-year fixed around the mid-5% range.
HELOC
BofA’s HELOC is a variable-rate line tied to the WSJ Prime Rate, with available discounts that reduce your rate.
0.25% for automatic monthly payments, up to 1.50% for an initial draw at opening (0.10% per $10,000), and 0.125%–0.625% for Preferred Rewards.
After opening, you can convert $5,000+ of your balance to a fixed-rate option for predictable payments.
How to Apply on Bank of America Loan Online Portal
Auto Loans Application
- Start the application from the Auto Loans page and select purchase, refinance, or lease buyout.
- Enter vehicle and loan details (amount, term), your state, and contact information to see your offer. Preferred Rewards discounts apply automatically if you’re eligible.
- Review your decision—many applicants receive a quick response—and lock your rate for 30 days while you shop or finalize the refinance.
- Upload requested documents and track status in the secure application center (you can save and return later).
Mortgages Application
- Go to the Digital Mortgage Experience® and choose Prequalify (soft inquiry) or Apply (hard inquiry).
- Prepare documents commonly requested for mortgages: recent W-2s, pay stubs, bank/investment statements, tax returns (if applicable), and a purchase contract if you’re buying.
- Complete the online application, authorize credit, and use the portal to upload documents and communicate with your lending team.
- Track next steps through underwriting and closing; you can also use tools to explore rates and estimated costs.
HELOCs Application
- From the Home Equity page, select Apply online and enter property details (ZIP, home value, mortgage balance) and desired line amount.
- Estimate payments and potential rate with BofA’s HELOC calculator before you submit.
- Submit the application (about 15 minutes), then upload any required documents and choose to meet at a financial center to close, if approved.
- After opening, consider the Fixed-Rate Loan Option for part of your balance if you want predictable payments.
Practical Eligibility and Documentation Tips
All BofA loans are underwritten to credit, income, and collateral standards; loan approval and terms are always subject to review.
Prequalification flows (especially for mortgages) generally use soft inquiries that don’t affect your score.
Submitting a full application typically triggers a hard inquiry that can have a small impact.
If you need an unsecured installment loan, BofA is not currently a source; consider credit unions or reputable online lenders.
Contact
Auto loans: 844-892-6002 (apply/questions).
New mortgage applications: 800-270-5746; existing mortgages: 800-669-6607.
New home equity applications: 800-779-3894; HELOC specialists: 866-290-4674.
Bank of America Corporate Center 100 North Tryon Street Charlotte, NC 28255.
You can also find an individual financial center or ATM and book an appointment, including at the 100 North Tryon location in Charlotte.
Quick FAQs
How fast will I get a decision online?
Auto loan applicants often receive a quick decision, sometimes within minutes, and mortgage/HELOC timelines depend on documentation and underwriting. You can log in at any time to check status and upload documents.
What affects my auto or HELOC APR at BofA?
Credit profile, state, loan amount, term, and eligible discounts (Preferred Rewards status, autopay, and initial HELOC draw) can all change your APR.
Where can I see “today’s” mortgage rate?
BofA shows live mortgage pricing in its portal; for a market benchmark, national averages for the 30-year fixed and 15-year fixed are commonly published weekly and will differ from your personalized quote.
Alternatives
Bank of America gives you several ways to apply besides the online portal.
You can apply by phone (speak to a lending specialist) or apply in person at a financial center.
If anyone calls you first claiming to be “from loan processing,” don’t share personal details.
Conclusion
Bank of America’s online portal allows you to apply for auto loans, mortgages, and HELOCs, manage documents, and monitor status from start to finish.
Use the bank’s calculators and prequalification tools to understand potential payments and lock in offers.
Given that rates are dynamic, review current APRs in the application flow and compare them with market benchmarks before accepting an offer.
Disclaimer: This article summarizes publicly available information as of 31 Oct 2025 and general industry data. Rates, terms, eligibility, and discounts change frequently and vary by borrower and location; always rely on the figures displayed to you inside Bank of America’s application and disclosures, which control in all cases. Nothing here is financial, tax, or legal advice—consider consulting a qualified professional for guidance specific to your situation.
