2025 LendingClub Auto Refinance Review
Best for borrowers who want an easy experience: LendingClub makes auto refinancing easy with a quick online application. You can compare up to two offers at a time and if you’re approved, LendingClub will pay your old auto loan for you.
LendingClub auto refinance loan review at a glance
| Starting annual percentage rate (APR) | Loan terms | Loan amounts | Fees Fee information in this review reflects what the lender publicly discloses on its website or to LendingTree directly, and doesn’t necessarily cover all fees that exist. Other fees may apply. “Not specified” means the lender has not provided fee details to us and/or doesn’t publish its fees. | Minimum credit score | ||
|---|---|---|---|---|---|---|
| Refinance auto loans | 5.49% | 24 to 84 months | $4,000 – $55,000 | Origination fee: $150 Note that this origination fee only applies to auto refinance loans over $7,500. | 600+ |
LendingClub pros and cons
Pros
- Can check LendingClub rates without impacting credit
- Same-day approval
- Will pay your old auto loan for you
Cons
- Only offers refinancing (no new or used car loans)
- Not available in some states
- Customer service isn’t open on weekends
- Charges an origination fee on loans over $7,500
What you need to get a car loan with LendingClub
LendingClub is transparent about its eligibility requirements, which makes it easy to check whether you’re likely to qualify for a refinance. Here are LendingClub’s criteria:
- Minimum credit score: 600
- Location: LendingClub doesn’t offer auto refinance loans in Alaska, Hawaii, Maine, New Hampshire, North Dakota, Vermont, West Virginia, Wyoming, Washington, D.C., or the U.S. territories.
- Loan requirements: Your current loan must be open for a minimum of one month with at least 24 months of payments left and a balance of $4,000 to $55,000.
- Car age: 10 years old or newer
- Mileage: Less than 120,000 miles
- Vehicle restrictions: Chevrolet Express G-Series Van, Aston Martin, Cross Lander, Daewoo, Ferrari, Hummer, Lamborghini, Isuzu, Maserati, Mercury, Nissan Leaf, Oldsmobile, Pontiac, Saab, Saturn, Suzuki.
Estimate your monthly payment
Types of LendingClub auto loans
LendingClub only offers auto refinancing. If you need an auto loan to buy a car, you’ll have to look elsewhere. Also, note that LendingClub does not refinance specialty vehicles like RVs and motorcycles.
When banks compete, you win
The average car payment in the U.S. is $749 for new vehicles and $529 for used, according to Experian’s most recent data. With that in mind, check rates on the LendingTree marketplace to see if you can save by trading in your current auto loan for an auto refinance loan.
Tell us what you need
Take two minutes to tell us who you are and how much money you need for your vehicle — we’ll take care of the rest. It’s free, simple and secure.
Shop your offers
We’ll send you offers from up to five trusted lenders. Compare your offers side by side to see which one will save you the most money.
Get your money
It’s smooth sailing once you finalize your loan with your lender — you could see money in your account in as soon as 24 hours.
Is LendingClub auto refinancing right for you?
If you’re shopping around for the best auto refinance rate, it’s worth your time to check your rates with LendingClub. It has competitive APRs and an easy application process.
Plus, there’s no need to sweat if you don’t like LendingClub’s offers, since checking your rates won’t damage your credit.
Shop around for car insurance on the LendingTree marketplace to find affordable rates. Among consumers who switched providers, 92% said they saved money and nearly two-thirds saved at least $100 on their annual car insurance rate, according to our latest survey.
How LendingClub auto loans compare
Car refinance loans with LendingClub come with competitive interest rates, and if you qualify, you can stretch out your car loan up to 84 months. Still, it’s worth your time comparing LendingClub with other options. Just a few minutes could save you thousands over time.
Here’s how LendingClub’s refinance loans stack up against competitors. For an apples-to-apples comparison, all of the info below pertains to auto refinancing, not new or used car loans.
| LendingClub | Autopay | RefiJet | |
|---|---|---|---|
| Starting APR | 5.49% | 4.85% | 4.49% |
| Loan terms | 24 to 84 months | 24 to 96 months | 24 to 96 months |
| Loan amounts | $4,000 – $55,000 | $2,500 – $100,000 | $5,000 – $150,000 |
| Fees Fee information in this review reflects what the lender publicly discloses on its website or to LendingTree directly, and doesn’t necessarily cover all fees that exist. Other fees may apply. “Not specified” means the lender has not provided fee details to us and/or doesn’t publish its fees. | Origination fee: $150 Note that this origination fee only applies to auto refinance loans over $7,500. | Up to $400 | $495 |
| Minimum credit score | 600 | 580 | 500 |
LendingClub has the lowest origination fees of these lenders. However, both Autopay and RefiJet offer longer terms. RefiJet may be a good choice if you need to refinance a car with bad credit, since its minimum credit score requirement is just 500.
Frequently asked questions
Yes, LendingClub is a legitimate lender that offers personal loans, auto loan refinances and other banking products.
LendingClub doesn’t specify how long it takes to review documents, but its entire car loan refinance process takes up to 15 business days.
LendingClub requires a minimum credit score of 600 to refinance an auto loan.
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