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Refinancing Car Loan

posted 1 year 9 months ago
I saw an opportunity to save extra dollars each month by refinancing our auto loan. I don't know the details yet on how to go about it I just want to ask those who have done it before: what are the requirements and how long does it take to process it?

posted 1 year 9 months ago
Common requirements are these:

Personal information and financial background that includes current company and previous employers, total income, housing status. They will also check if you have existing loans with other banks and status. Not sure about the process duration. It depends on which institution you'll prefer. For many borrowers, a local bank or small credit union is a great option. They offer low rates and often more flexible about the loan size and credit issues.


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