Auto Refinance Calculator

Want to lower your monthly car payment? Our auto refinance calculator can give you an estimate in a couple of easy steps.

See How Much You Could Save

Current Loan

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How much do you owe?

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What are you paying now?

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What’s your current rate?

Refinanced Loan

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How much do you owe?

How long do you want to pay it off? Typical term lengths range from 36-72 months.

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What’s the rate you’d like to pay? Typical APRs range from 3.99% to 24.99%.

3 Reasons to Refinance Your Auto Loan

You financed your car loan through a dealer.
Dealers can add points to your interest rate to compensate for handling the loan. An auto refinance loan could shave off a few points and save you money over time.
You could get a lower interest rate.
Especially if you’ve made on-time payments, or if the prime interest rate has dropped since you got your car.
You want a lower monthly payment.
If you’re tightening up your budget, it’s something you might want to consider.

No impact to your credit score! *

Questions? We’re here to help.

When should you refinance your car?
You can refinance your car through LendingClub 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.
Is it good to refinance a car?
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 through LendingClub can lower their payment about $80 per month. *
Does applying for an auto refinance loan hurt your credit?
No. Applying for an auto refinance loan through LendingClub 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.
How long will it take to get an auto refinance offer?
The application process is simple—and it takes just a few minutes to complete. If you qualify, you'll receive an offer in minutes.
Which documents do I need to provide?
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.