Where does LightStream do business?
LightStream isa direct lender based in San Diego, CA. It was founded in 2013 and offers auto refinance loans in 50 states (and Washington, DC).
How much can you borrow via LightStream?
Auto refinance loan amounts start at $5,000 and go up to $100,000.
What are the auto loan refinancing rates offered through LightStream?
APRs for auto refinance loans through LightStream range from 3.59% to 9.44%.
What is the maximum loan term for a LightStream refinance loan?
LightStream offers auto refinancing loans with terms of up to 84 months.
Does LightStream charge an origination fee on auto refinance loans?
No, LightStream does not charge a loan origination fee for refinancing an auto loan.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.
Does LightStream charge a late fee?
No, LightStream will not charge you a late payment fee..
Does LightStream charge prepayment fees?
No, there is no prepayment penalty.
What are the key eligibility criteria for LightStream auto loan refinancing?
LightStream requires borrowers to have a credit score of at least 670 to apply for auto loan refinancing.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Recent bank statements
What is the estimated funding time for an auto loan refinance with LightStream?
Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 0 to 1 days of approval
Does LightStream report loan payments to credit bureaus?
LightStream reports payment behavior to one or more of the following credit reporting agencies:
Max Loan Term (Months)
Bank Account Required?
Credit Score Range
670 - 850
Employment Statuses Considered
- Employed Full-Time
- Employed Part-Time
Immigration Status Considered
- U.S. Citizen
- U.S. Permanent Resident
Joint Loan Applications Accepted
Only Individual Applications
- Active Duty Military
- Military Dependent
Minimum Annual Income
Supported Income Types
- 1099 Misc. Income
- Cash / Other
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
Verification Documents Required?
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence
No Late Fees
No Origination Fee
No Prepayment Fee
$5000 - $100000
3.59% - 9.44%
The APR listed is for an unsecured dealer used auto loan between $10,000 and $24,999 with a term between 24 and 36 months, for applicants with excellent credit. Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 2.19% APR with a term of 3 years would result in 36 monthly payments of $287.26.
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