LightStream lets you refinance car loans, boat loans, timeshares, credit card debt and more. Each of these categories has its own APR range, and the APRs run from 3.99% to 17.29% overall. LightStream also offers general “debt consolidation” loans for refinancing debts that don’t fit into any of those categories. But keep in mind that refinancing any type of debt is only worth it for people who qualify for a lower APR than the one on their existing debt.
LightStream’s absolute lowest APRs are 3.99% to 5.95%, depending on the type of loan being refinanced. But to get the minimum APR, you will likely need excellent credit. People with credit scores of 660 or higher can reportedly get a LightStream loan. But people with a score of 660 will likely receive an APR close to LightStream’s maximum, which ranges from 8.84% to 17.29% depending on the loan.
LightStream Refinance Loan APRs:
- Auto loan refinancing: 3.99% to 8.84%
- Boat/RV/aircraft loan refinancing: 4.29% to 11.34%
- Motorcycle loan refinancing: 4.29% to 11.34%
- Timeshare loan refinancing: 5.95% to 17.29%
- PreK-12 education loan refinancing: 5.95% to 17.29%
- Debt consolidation loan refinancing: 5.95% to 17.29%
LightStream refinance loans, like all LightStream loans, don’t charge origination fees or late fees. So you don’t have to worry about costly fees eating into the savings you get from a lower APR.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.