LendingClub | Auto Loan

LendingClub has several requirements for auto loan refinancing. Applicants must be at least 18 years old and have a vehicle that meets the following basic qualifications:

Application requirements

• The vehicle must be no more than 10 years old
• The vehicle must have 120,000 miles or less
• The remaining auto loan balance must be between $4,000 and $55,000
• The existing auto loan must be at least one month old
• The existing auto loan must have at least 24 months remaining
• The vehicle must be registered and titled in your current state of residence

The refinancing process with LendingClub begins on its website. Here is how to get started:

1. Check your rate.

To get prequalified, complete the online form. You will need to provide personal information such as your full name, address, and income. You will also need to enter details about your current auto loan, including the vehicle identification number, year, make, model, color, and trim.

2. Review loan offers.

If you are found eligible, the next step is to review the loan offers available to you and choose the one that best meets your needs.

3. Submit documentation.

Next, upload the required documents so the lender can process your formal loan application.

4. Get approved.

Review the information in your loan application, receive final approval, and sign the loan documents to complete the transaction.