How Do You Get a Loan From the Blue Sky Loan Company?

To obtain a loan from BlueSky, visit and click the Apply Now tab. Complete and submit the secure auto loan application through the BlueSky website.

In order to obtain an auto loan from BlueSky Auto Finance, an applicant must possess a valid driver's license, be at least 18 years of age and be a U.S. resident. If an applicant's credit score is below 652, he must have a gross monthly income of at least $1,800, according to BlueSky. An applicant must not have had any auto repossessions in the past year, unless the repossession was part of a bankruptcy.

Applicants who have previously filed a Chapter 13 bankruptcy must have an Authorization to Incur Debt from a trustee to receive a loan, notes BlueSky. Applicants who have previously filed a Chapter 7 bankruptcy must have a completed 341 meeting of the creditors to receive loan approval.

BlueSky Auto Finance provides auto loans to applicants with poor credit and offers loan approval within minutes of applying, according to the company's website. Approved applicants receive an e-check to pay for the purchase of a vehicle. There are no fees to apply for a loan with BlueSky.

Interest rates on car loans vary depending on the amount of the loan, an applicant's credit report information and the type of vehicle purchased, reports BlueSky. A down payment is potentially required depending on an applicant's credit score. The down payment is typically 10 percent of the car's selling price or $1,000, whichever amount is greater.