Adam McCann, Financial Writer
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.
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