Where does State Farm do business?

State Farm is based in Bloomington, IL. It was founded in 1922 and offers auto refinance loans in state across the USA.

What are the auto loan refinancing rates offered through State Farm?

APRs for auto refinance loans through State Farm range from 2.54% .

What is the maximum loan term for a State Farm refinance loan?

State Farm offers auto refinancing loans with terms of up to 84 months.

Does State Farm charge an origination fee on auto refinance loans?

Yes, State Farm charges a loan origination fee.

Does State Farm charge a late fee?

Yes, auto refinance loans via State Farm are subject to late payment penalty fees.

Does State Farm charge prepayment fees?

Yes, State Farm does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment feees can reduce or even cancel the interest savings of repaying a loan early.

What are the key eligibility criteria for State Farm auto loan refinancing?

State Farm requires borrowers to have a credit score of at least 700 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

What is the estimated funding time for an auto loan refinance with State Farm?

Auto refinance loan applications are typically approved (or denied) within 48 hours and funded within 1 to 7 days of approval


  • Max Loan Term (Months)
  • Credit Score Range
    700 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Maximum Vehicle Age
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Verification Documents Required?
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • APR
    Starting at 2.54%
"Not all applicants will qualify for the 'as low as' Annual Percentage Rates (APR) shown. Factors that may impact the final Annual Percentage Rate offered include the applicant(s) Credit Score, Loan Amount, Term, Collateral Model Year, and Loan Type."
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