We pay off your previous loan for you so you don’t have to do a thing. We'll work with your prior lender directly to pay off your account as quickly as possible. It can take 1–2 weeks, so continue paying your prior lender until they confirm the payoff is complete. Don’t worry, you’ll receive a refund if you overpay.

If you had GAP insurance on your prior loan, your policy may end when you refinance. Each contract and state has different rules, so it’s best that you review your contract for information about transferring, canceling, and refunds. You can also contact your GAP provider to find out if the contract will transfer when you refinance or if you can purchase it for your Lending Club auto loan.