In an effort to reach more customers, lenders are now offering an increasing number of services online. In fact, it's now possible to apply for and get a car loan online.

Steps Figure out some specifics for your car loan. You'll need to know how much you need, what kind of loan it is (person-to-person, dealer or lease buyout) and whether you are applying individually or with your spouse.

 If you're trying to get a loan for a business or commercial vehicle, then you may find that most online lenders won't finance it. Step2Research different companies that offer online car loans. Some large financial institutions have an online branch while other lenders work only on the Internet. Step3Check for application fees before you apply for a car loan online.

Most financial institutions will mail you a check for the loan amount, so they do not need your banking information right away. Step4Fill out an application to get a car loan online. Some companies offer a service to refer you to another lender if you are declined due to your credit history. Step5Wait to receive a quote on your car loan.

 Many of the largest online lenders can mail you their decision in a matter of minutes if you submit your application during business hours. Step6Ask for a hard copy of the terms of your online car loan to be mailed to your home.

You may also want to get hard copies of your monthly statements, even it you prefer to pay your bills online.

Get quotes from several online lenders before you make a final decision.

• The check that an online lender sends you does not impose any obligations on you until you use it.
• Some online lenders use a simple interest plan that calculates interest based on the number of days between your payments rather than being compounded monthly.
• If the loan is in two names, then both people must sign the check for it to be valid.
• Have a secure Internet connection before you submit any personal information like your address or social security number.
• Be aware of how long you have to use your loan check before it expires.
• Don't accept an online car loan if your quoted price is not set. Instead of giving you the quoted rate, some vendors allow interest rates to change each day.