Auto Refinance Calculator
3 Reasons to Refinance Your Auto Loan
You financed your car loan through a dealer.
You could get a lower interest rate.
You want a lower monthly payment.
You can refinance your car with LendingClub Bank if you’ve made at least one payment since getting your loan. Other times to consider refinancing is when interest rates drop or your credit situation changes.
Refinancing your car can reduce your interest rate or lower your monthly payment. Use the payment calculator above to determine whether you can benefit from refinancing. On average, people who refinance their car loan with LendingClub Bank can lower their payment about $80 per month.*
No. Applying for an auto refinance loan from LendingClub Bank has no impact on your credit score. Once you apply and get approved, making on-time payments can keep your credit in good standing. Note: Once you take out a new loan, a hard credit inquiry will post to your credit record. This may or may not impact your credit score in the short term.
The application process is simple—and it takes just a few minutes to complete. If you qualify, you'll receive an offer in minutes.
To confirm your information, we may ask for documents such as an image of your driver’s license or paystubs that confirm your income. Don’t worry—you can easily snap a picture to upload documents right from your phone.
Want to learn more about auto refinancing?
Read our blog post to understand the step-by-step process of how it works.
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