Auto Refinancing

To complete your application, you’ll need to provide:

• Income verification (i.e., most recent pay stub, including year-to-date earnings)
• Copy of your driver’s license and vehicle title or registration
• Proof of current vehicle mileage
• Verification of auto insurance

Once approved, you’ll need to provide:

• 10-day loan payoff statement from your current lender, including the account number and overnight mailing address
• Updated verification of your auto insurance, listing Connexus Credit Union as the lienholder

Of course! There’s no prepayment penalty for paying off your loan early. Doing so will actually help you save on interest over the long run.

You might refinance to get a lower interest rate or lower your monthly payment by extending your repayment term. Call 800.845.5025 or try our Auto Refinancing Savings Calculator to determine how much you could save.

At Connexus, fees aren’t our style. When you refinance with us, you will not be charged any application fees, annual fees, or prepayment penalties.

You can complete the refinancing process in four simple steps. Here’s how it works:

• Apply online or by phone at 800.845.5025 and provide the required documentation
• We will process your application and notify you via phone and email of any additional documentation that may be needed, usually within one business.
• Provide us with a 10-day loan payoff statement from your current lender, including the account number and overnight mailing address.
• Once we receive all the required documentation, we will finalize your loan electronically and send the funds to your current lender. You will be charged $20 for this fund transfer.