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AUTO LOAN REFINANCING

Members save more than $2,400 on average by refinancing their auto loan1

Checking your rate won't impact your credit score.2

Auto Loan Refinancing

Paying off your existing car loan and refinancing into a new one could help you save money by scoring a lower interest rate. If you’re still using dealer financing, rates have likely dropped since you got your existing loan. So, if you’ve been keeping up with your payments, now
could be a great time to check your rate and save.

Drive away with better terms

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Check your rate in minutes

Quickly see the offers that you could prequalify for.
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Lower Your Monthly Payment

Flexible terms and great rates could help you pay less than you are right now.
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Our secure, encrypted (TLS/SSL) online application ensures a quick and hassle-free refinancing process.
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What Our Members Say

"Refinancing was simple. My car payments are about $75 cheaper each month, and the term of my loan is now 2 years less!"3

—Karen, a member from South Carolina

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$100B
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Testimonial from LendingClub auto refinancing Customer

How Auto Refinancing Works with LendingClub

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How Auto Refinancing Works with LendingClub

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Frequently Asked Questions

Auto refinancing is when you pay off your existing car loan and replace it with a new one, usually from a different lender. Refinancing your auto loan could help you save money by securing a lower interest rate. Or you can reduce your monthly payments by adjusting the length of your loan term, freeing up cash for other financial needs.

To qualify for auto loan refinancing through LendingClub, your vehicle must be for personal use only, 10 years old or newer, under 120,000 miles, and your existing auto loan must be open for at least one month, have a balance between $4,000-$55,000, and at least 24 months of payments remaining.

Applying online is simple, takes only a few minutes, and you can do it all on your phone tablet or laptop from the comfort of your home. If you qualify, you'll receive your offers almost immediately.

During the application process, we’ll ask about your driver’s license, vehicle registration, and proof of insurance. We may also ask you to send us additional documentation to confirm your income or other information, if necessary.

Don’t worry, you can easily snap a photo and upload it right from your phone.

You can check your rate through LendingClub as many times as you like, with no impact to your credit score. No one except you can see the soft credit inquiries on your credit report. However, once you accept an offer and your new auto loan has been funded, we will do a hard credit check which will post to your credit report, indicating that you have accessed credit from LendingClub Bank. This may or may not impact your credit score in the short term.

Refinancing your existing auto loan can reduce your interest rate or lower your monthly payment. Members save more than $2,400 on average by refinancing their auto loan1

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  1. Members save over $2,400 on average by refinancing their auto loan. Based on the average experience of similarly situated borrowers who refinanced their existing auto loans (“Original Auto Loans”) with Auto Refinancing Loans from LendingClub Bank (“Auto Refi Loans”) between January 2024 and December 2024. For this period, the average estimated remaining interest charges of Original Auto Loans was $8,482, and the average potential interest charges of corresponding Auto Refi Loans obtained by borrowers was $5,985. which represents a reduction in potential interest charges of $2,497. This reduction reflects the terms of Auto Refi Loans actually obtained by borrowers, not the terms of Auto Refi Loans offered to but not selected by borrowers. Reductions in potential interest charges are determined based on (a) our understanding of the APRs of Original Auto Loans, and (b) the corresponding APRs of Auto Refi Loans obtained by borrowers. Claims related to reductions in potential interest charges assume that Auto Refi Loans will be paid as agreed and are for illustrative purposes only. They do not directly relate to any estimated APRs, monthly payment amounts, or savings amounts communicated to you in connection with a specific Auto Refi Loan that we may advertise to you or that you may obtain from us. Depending on the state where you live, tax, title and other fees may apply, which could impact your total savings.

  2. Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history. 

  3. Any reviews presented are individual experiences and results may vary. Reviews are collected and authenticated by Bazaarvoice. Any average rating presented is based on these reviews. All reviews can be accessed at https://www.lendingclub.com/company/reviews.

Representative example of Auto Refinance loans.
Loan amounts range from $4,000 to $55,000, with terms between 24 months and 84 months. Availability of specific loan amounts, rates, and terms may vary by state.
Loans of $7,500 or less without an origination fee. A representative example of payment terms for an Auto Refinancing Loan is as follows: a borrower receives a loan of $ $7,500 for a term of 60 months with an APR of 7.00%. In this example, the borrower will make 60 monthly payments of $149.
Loans greater than $7,500 with an origination fee. A representative example of payment terms for an Auto Refinancing Loan is as follows: a borrower receives a loan of $20,000 for a term of 60 months with an APR of 7.51%. In this example, the borrower will make 60 monthly payments of $399.

For Auto Refinance Loans, APRs range from 5.49% to 24.99%. A $150 origination fee is charged for all loans over $7,500. No origination fee is charged for loans of $7,500 or less. APRs are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are current as of 06/27/2025 and may change at any time without notice.

Vehicle Restrictions 
Auto refinancing loans are only available for vehicles that are 10 years old or newer (based on vehicle model year) and have 120,000 miles or fewer. Loans are not available for recreational vehicles, motorcycles, vehicles with branded titles, bonded titles, or reconditioned titles, hail-damaged or salvaged vehicles, domestic trucks branded with a ‘3500’ designation or with a rated payload capacity of one ton or greater, conversion or cargo vans, snowplow-equipped vehicles, or any vehicles used for livery, rideshare, or any other commercial purpose. Loans are not available for the following vehicle makes and/or models: Hummer, Pontiac, Saab, Saturn, Daewoo, Isuzu, Suzuki, Oldsmobile, and Nissan Leaf. At the time of application, your vehicle must be registered in the state where you live. We do not accept applications for auto refinancing loans from AK, HI, ME, NH, ND, VT, WV, WY, Washington, D.C., and the U.S. territories. Additional vehicle restrictions may apply.

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

LendingClub,” the “LC” symbol, “TopUp,” and “DebtIQ” are trademarks of LendingClub Bank.

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