RateGenius only offers vehicle refinancing. Vehicles cannot be older than ten model years and must have under 120,000 miles. RateGenius’s terms and requirements are industry standard and acceptable.
RateGenius Auto Loans Review
RateGenius provides refinancing loans at competitive interest rates. They do not fund loans but connect potential borrowers with their network of over 150 lenders.
RateGenius Auto Loans Highlights
LOAN REPAYMENT TERM
36-84 months
MIN CREDIT SCORE
500
FUNDING TIME
1 days
ORIGINATION FEE
None
PREPAYMENT FEE
None
OTHER FEES
None
MAX VEHICLE AGE
10 years
SOFT CREDIT PULL
Yes
LENDER TYPE
Marketplace
Auto Loans Types
- Auto Refinance Loans
- Cash-out Refinance Loans
Vehicle Types
- Car
- Truck
RateGenius Refinance Highlights
REFINANCE AMOUNT
$100,000
REFINANCE APR FIXED RATE
Min 2.00%
Pros & Cons
- Soft credit pull
- Can apply with co-applicant
- Applicants can apply online
- Doesn't offer new car loans
- High interest rate for poor credit
RateGenius Auto Loans Terms & Requirements
Applying to RateGenius
Applying for a vehicle loan through RateGenius is fast and easy. A Social Security number is not required for prequalification.
Step 1
Vehicle year
After submitting information, a confirmation code is sent to the applicant, who then provides it to RateGenius. Upon receipt, RateGenius provides quotes from lenders matched with the borrower.
Qualification Requirements
- Minimum FICO credit score: 500.
- Minimum age: 18
- U.S. resident
- At least 24 months left on the existing auto loan
- The loan has been in place for at least one month
Required Information
Will vary by lender but may include:
- Proof of address
- Last pay stub to verify income
- Driver’s license
- Banking information
- Auto insurance information
- Copy of vehicle registration
Application Steps & Time Frames
- Complete application (5 minutes)
- Wait for approval or decline (usually under 5 minutes)
- Receive funding (usually 1-32business days, depending on the lender)
State Availability
Available in all states
Customer Support
RateGenius does not offer customer support after a loan is funded. Borrowers must seek service for their account directly from the lender who made the loan. However, RateGenius does have a toll-free phone number for inbound callers seeking sales support and needing questions answered before applying.
Phone Support
(866) 728-3436
Mon - Fri
7:00 AM - 8:00 PM
Saturday
9:00 AM - 5:00 PM
Sunday
Closed
Email Support
hello@rategenius.com
Social Media
In Conclusion
RateGenius is a reputable company with an A+ rating from the Better Business Bureau (BBB). It provides quotes from different lenders within minutes of when someone submits an application, and funding is typically made within 24-48 hours. The company has excellent online reviews, with a TrustPilot rating of 4.7 out of 5 stars based on over 3,900 reviews.
FAQ
RateGenius will perform a soft credit pull that doesn’t affect your credit score to determine if you can be prequalified for any offers. However, submitting an application to get quotes from lenders will result in a hard credit pull, which can negatively impact your credit score.
RateGenius specializes in refinancing cars, trucks, and SUVs with a minimum loan balance of at least $10,250.
In some cases, there will be prepaid finance charges associated with your loan. The amount of these fees vary depending on your lender and the state in which you live. Additionally, RateGenius may collect a small fee on behalf of your state’s DMV to process the title on your behalf.
Disclosure
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Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.
9.0
LS SCORE
9.2
CREDIBILITY
8.4
SUPPORT
9.2
ACCESSIBILITY
Opening Hours
Mon - Fri
7:00 AM - 8:00 PM
Saturday
9:00 AM - 5:00 PM
Sunday
Closed
Email Support
hello@rategenius.com
Social Media
Live Chat
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