Refinancing Loans
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Auto Refinance

Refinancing your vehicle loan with PenFed can help you lower your monthly payments, upgrade to lower interest rates or payoff your vehicle sooner.

APPLY NOW

Not a problem, anyone can join. Apply now and we'll create your membership during this application.

NEW REFINANCE RATES

Vehicle's model year is or newer.

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 loan)
%
36 mos $ - $ $
%
48 mos $ - $ $
% 60 mos $ - $ $
% 72 mos $ - $ $  
% 84 mos $ - $ $  


USED REFINANCE RATES

Pre-owned vehicles or vehicles with over 7501 miles.

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 loan)
%
36 mos $ - $ $
%
48 mos $ - $ $
% 60 mos $ - $ $
% 72 mos† $ - $ $

Rate valid for model years and newer.

WHY REFINANCE WITH PENFED?

  • Competitive, low rates
  • Easy online application process
  • Low monthly payment options
  • Available terms up to 84 months

• Save money with lower payments

• Up to 100% financing available

• Finance up to $100,000

 

QUESTIONS?
Speak with a member service representative to start an Auto Refinance application.

CALL US: 855-278-1157

Disclosures Print Icon Print

To receive any advertised product, you must become a member of PenFed Credit Union which includes opening a $5 PenFed savings account.

Rates and offers current as of and are subject to change.

1The auto refinance rebate of $150 is eligible on loan amounts of $10,000 and greater and must be refinanced from another institution. Applies to refinance loans funded between 02/12/2021 and 04/07/2021. PenFed internal refinances and loans originated from 3rd party partners are not eligible for this promotion. The $150 rebate will be deposited to the membership share savings account within 90 days of the loan disbursal date. At time of rebate posting, the loan must currently be active and have at least 1 payment posted in order to qualify. PenFed may discontinue or change the promotion at any time. Other restrictions may apply.

*APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate. The rate you receive on your loan will be the rate in effect at the time of loan disbursal.

††Average payment savings of $108 per month was calculated by using the average monthly payment savings for PenFed Members from May 1, 2020–November 30, 2020 who refinanced auto loans.

Refinance Auto Loans: New vehicles are where you are the original owner and the vehicle is a current model year or newer and has less than 7501 miles. For used vehicles, maximum used car loan advance will be determined by PenFed using a NADA value. Up to 100% financing is available to qualified members. PenFed does not permit internal refinances of an existing PenFed auto loan.

Rate depends on term. Vehicle weight and mileage restrictions apply.

The minimum loan amount is $500 and the maximum amount cannot exceed $100,000

You pay $14 less per month with PenFed

$573
$586
PenFed Estimated Monthly Payment
Current Rate Estimated Monthly Payment
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