An unsecured auto refinance loan allows you to replace your existing car loan with a new loan that has different terms, without using your vehicle as collateral. Refinancing can be a great way to take advantage of lower interest rates and decrease your monthly car payment.

The LightStream unsecured loan requires good-to-excellent credit profiles.

Here are some characteristics we find people with good-to-excellent credit share:

• Credit history: Several years of credit history (excellent credit profiles have 5 or more years) with a variety of account types, including major credit cards, installment loans, vehicle loans, and mortgage debt, if applicable.

• Assets: The ability to save money, shown by retirement or investment accounts, as well as liquid assets such as checking and savings accounts.

• Income vs debt: Stable income and assets with the ability to repay current debt obligations in addition to the new LightStream unsecured loan. (Excellent credit profiles typically include little, if any, credit card debt.)

• Payment history: A good-to-excellent payment history with few or no late payments, and no other problems repaying debt.


Everyone’s credit profile is unique, and during our approval process, we look beyond your credit score and examine your entire credit profile. Please note: A high FICO® score doesn’t guarantee approval.


Note for joint applicants: Each party on an application is reviewed equally since they share responsibility for this loan.

You can’t use LightStream loan proceeds to refinance an existing LightStream loan.

A secured auto refinance loan uses your car as collateral. Staying current on payments helps you maintain ownership of your collateral.

An unsecured auto refinance loan has no collateral. Because of that, it may have higher interest rates compared to a secured loan.

Both secured and unsecured loans generally provide simple applications, quick decisions and funding as soon as today.^{Disclosure 1, Disclosure 2}