Auto Loans and Financing

It’s easy! Just visit 53.com and click "Log In." Then, click "Register" next to "First-Time User" and follow the prompts to register. Make sure to have your loan documents or Welcome Kit you received in the mail handy to easily complete the registration process.

Your interest is called "daily simple interest" and works just like its name. It is calculated by multiplying the outstanding principal balance of your loan each day by the daily interest rate (the annual rate divided by the number of days in the year).

On a loan that uses daily simple interest, the date you make your payments will impact the amount of interest paid over the life of the loan, and the amount of the final payment. For example, if your payment of $500 was due on the 5th of every month for 48 months, there are several possible scenarios:

• If you pay $500 on the 5th of every month, your last payment will be $500.
• If you pay later than the 5th of the month for any payment, the additional interest accrued will be collected first from your monthly payment, leaving less money to be applied to your principal loan balance. Paying after the due date will lead to the principal balance staying higher than expected and thus additional interest being charged, which could result in a larger than expected final payment.
• If you pay more than the amount due each month, you will reduce the amount of interest you pay over the life of the loan because you’re reducing your principal loan balance and the interest is being calculated on this lower balance.

There are several options for making payments on your loan. You can choose any of the following methods that are convenient for you:

• Mobile App: Download the Fifth Third mobile app to make a payment anytime, anywhere.
• Online: It's easy to manage your loan and payments online at 53.com.
• Phone: Call 1-800-972-3030.
• Mail: Send a check or money order made out to Fifth Third Bank, National Association to:
  Fifth Third Bank, N.A.
  PO Box 630778
  Cincinnati, OH 45263
  
  Please include your account number on the check or money order.
  
  Note: Third-party payoffs should be sent to:
  Fifth Third Bank
  Attn: Installment Loans
  5050 Kingsley Drive
  MD 1MOC2J Cincinnati, OH 45227

You can set up automatic payments using the Fifth Third mobile app or in online banking at 53.com. Just log in and click on your loan account. Simply click Set Up next to Automatic Payments and follow the prompts.

Your insurance carrier should complete the Vehicle Loss Claims Submission Form above to report the loss (the same form the account holder submits).

If your insurance carrier uses IAA Loan Payoff or Copart Lender Portal, they should submit the request via one of those portals.