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How to Refinance an Auto Loan

Refinancing your car is a great opportunity to save money and lower your monthly loan payments.
 

If you’ve improved your credit since you bought your car, we encourage you to look into refinancing. Alltru charges $0 in fees to refinance your auto loan with us. If refinancing has been on your mind, we encourage you to apply.

 
Apply online in a few simple steps:
 

Step 1: Check to see if your current lender has a prepayment penalty. Although uncommon, some lenders will charge you a fee for paying your loan off early, which would be the case when refinancing your car. It’s important to be aware of this so that there are no surprises or unexpected fees along the way.

Step 2: Collect key information on your current auto loan. Find your most recent payment and note:

  • Current monthly payment and the remaining balance on your loan
  • Loan terms – you need know the remaining amount of time left to pay the loan off
  • Annual Percentage Rate (APR), or interest rate

Step 3: Simply apply online in minutes here:

Step 4: Select the Apply Now Button and select whether you are a new or current Alltru member.

Step 5: Select Refinance on the online loan application and then simply enter in your information to complete your application.


When refinancing you can decide to keep the length of your loan the same, or you can choose the pay off the loan off quicker with shorter terms. You could also decide to increase the duration of your loan if you prefer to pay less each month. Whatever you decide, we’re here to help you every step of the way.

Stop by a branch anytime or make an appointment to meet with our knowledgeable staff.

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