How Do I Apply for an Auto Refinance Loan?

2 min read

Our quick application process asks for a few details to get you the best rate possible and to make sure your Auto Refinance runs smoothly. Here’s a step-by-step guide to help you complete your application:

  1. On the Check your rate page, enter your contact information, email address, and income.

    Note:If you purchased your car with someone else, you’ll need to apply with that person. From the Application Type menu, select Joint.

  2. Select your car loan, then click Refinance This Loan.

    Note: If you have more than one car loan, you'll need to select the one you want to refinance.

  3. Tell us about your car:

    • Year—the model year, which may be different from the year you bought your car (you can find it on your vehicle registration or insurance card)

    • Make—the brand name of the vehicle manufacturer (for example, Ford or Toyota) as shown on your vehicle registration or insurance card

    • Model—the brand name of the style of vehicle made by the manufacturer (for example, Focus or Corolla)

    • Trim—an alternate version of the model (see “More about trims”)

    • Mileage—the approximate number of miles your car has been driven, which you can find on your dashboard

These details help us determine the value of your car, so make sure they’re as accurate as possible.

If you don’t have all the details or want to save some time, we can look them up for you using your vehicle identification number (VIN). Just click Enter Your VIN to get started.

More about trims

Trim levels are versions of the same car model with different features and options. For example, the Ford Focus has several trims, including the S Sedan, SE Sedan, and SE Hatch. You can look up your car’s trim in several places:

  • The owner’s manual

  • The original sales invoice or window sticker from when you bought your car

  • Lettering with the trim name on the car’s exterior (often toward the back)

  • On some cars, lettering on the inside of the driver's side door

Additional Application Process FAQ

LendingClub Resources

Related Resource Center
A lot has changed since the pandemic in how Americans buy their cars.
May 10, 2023
6 min read
happy, smiling young woman driving car window rolled down with her dog in passenger seat
Is now a good time to buy a car? At the time of this writing, inventory shortages, rising interest rates, a lack of dealer incentives, and a stressful shopping experience are still making the car-buying process unusually difficult for buyers of both new and used cars.
Jan 4, 2023
8 min read
blog buycar
Auto loan refinancing can be a powerful personal finance strategy. By taking out a new loan to pay off your current loan, you may be able to get a lower interest rate or change the loan term, which could save you money on interest, lower your monthly payments—or potentially both. 
Jan 5, 2022
6 min read
woman looking at phone in car
If you’re in the market for a new car, you might be wondering if your current credit score will help you get a good deal or hold you back. Your credit score is an important part of the process, but it’s not the only factor. Though good and excellent credit scores help when taking out any line of credit, it is possible to buy a car with a less-than-ideal score.
Oct 27, 2021
7 min read
good credit score for a car
The monthly payments and interest rate you agreed to when you first signed up for your car loan aren’t written in stone. Just as borrowers can refinance a mortgage or consolidated credit card debt, you may be able to lower your monthly car payments or save money on interest with an auto refinance. 
Sep 22, 2021
6 min read
Girl learns how to refinance a car and save money
Related Impact
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
Nov 13, 2022
2 min read
blog header stackit 765x430 v1-1
Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.
Oct 2, 2022
5 min read
LendingClub Rewards Checking Nationally Certified as Trusted, Afforda
Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four million members who have chosen LendingClub as their partner to help them reach their financial goals.
Apr 19, 2022
2 min read
Illustration of large number 4 and letter M made up of colorful, tiny illustrations of ethnically diverse people
In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank. 
Mar 6, 2022
less than a minute read
Blog-post
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumer deposit business, we inherited a fintech partner program, and several lending businesses. As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinue certain businesses that don’t fit our mission.  
Jan 2, 2022
2 min read
Man in blue button up shirt and glasses smiling
Related FAQ's
It’s fast and simple to refinance your car loan with LendingClub Bank. If your car loan’s remaining balance is between $5,000 and $55,000, you can be on the road to savings by refinancing with us.
Jun 7, 2023
less than a minute read
We offer several ways for you to make your monthly auto loan payment, so you can choose the method that works best for you. A statement will be mailed to you every month that shows the payment amount and due date.
Nov 29, 2023
less than a minute read
LendingClub provides a year-end statement that summarizes your account activity, including how much interest you’ve earned and information regarding Notes tied to loans that have been charged off.
Jun 7, 2023
less than a minute read
In some cases, we may need to confirm your employment before your application can be finalized. The fastest way to confirm your employment is to provide your work email address.
Jun 7, 2023
less than a minute read
To process your application, we may need to confirm your income matches what was on your application.
Jun 7, 2023
less than a minute read
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
Sep 6, 2023
4 min read
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
Mar 21, 2023
4 min read
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
Mar 21, 2023
3 min read
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
Feb 7, 2023
3 min read
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Feb 4, 2023
3 min read

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

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" and the "LC" symbol are trademarks of LendingClub Bank.

© 2024 LendingClub Bank. All rights reserved.