Home Credit inquiry RateGenius launches Loan Finder, a new digital automatic refinancing tool

RateGenius launches Loan Finder, a new digital automatic refinancing tool



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Consumers can now purchase local auto refinance rates and monthly savings anonymously – no credit checks required

AUSTIN, Texas, September 21, 2021 (GLOBE NEWSWIRE) – RateGenius, one of America’s largest auto refinance loan providers, today announced a new feature that allows vehicle owners to view refinancing offers pre-qualified * without providing any personal information as they search RateGenius for a better car loan.

The service is the latest in RateGenius’ growing suite of digital financial products designed to help consumers and lenders by bringing ease and transparency to the vehicle refinancing process.

“One of the things that sets RateGenius apart from our competitors is our commitment to being transparent with our customers,” said Christian Lavender, Chief Product Officer. “Along with Loan Finder, this prequalification tool can provide consumers with a quick estimate of their potential savings without any personal information or a serious credit investigation.”

Loan Finder works by guiding the consumer through five simple, anonymous questions – credit level, zip code, monthly payment, auto loan balance, and remaining term – to match them to real auto refinance offers, broken down by best rates and monthly payments. Prequalification offers are provided by a network of over 150 lenders who work with RateGenius, allowing consumers to preview estimated auto loan rates before applying for refinancing.

Borrowers simply surrender rategenius.com/loan-finder to pre-qualify for free and with no impact ** on their credit rating.

“Customers are savvy and want to take ownership of the auto refinance buying experience,” Lavender said. “Buyers who are reluctant to provide personal information or get a thorough investigation of their credit report may miss out on opportunities to save hundreds or thousands of dollars on their auto loans. With Loan Finder, they answer questions to see auto refinancing deals available in their area before committing to begin the application process.

Like mortgage refinance rates, auto refinance rates have remained low throughout the year. In August 2021, auto refinancing interest rates fell to a new high, an overall average rate of 5.53%. The current average over the past 30 days for all loan terms and credit levels is 5.51%. Borrowers also save over $ 100 per month after refinancing their auto loans; in August, the average monthly savings were $ 102.62.

For up to date auto refinance rates for more loan terms, please visit: https://www.rategenius.com/auto-refinance-rates.

* Prequalification subject to credit check with participating lenders. Prequalification conditions are not guaranteed.

** Completing a fully automatic refinance request with RateGenius will result in one or more serious inquiries being posted on the consumer’s credit report.

About RateGenius
RateGenius is a tech company that has created a proprietary web-based platform that has helped hundreds of thousands of consumers nationwide refinance auto loans on better terms. Using its network of over 150 lenders, RateGenius has successfully facilitated over 400,000 loans worth over $ 9 billion. The LOS (Loan Creation System), educational content and customer experience-driven business approach of the company were instrumental in its success. The RateGenius online application is fast, simple and available from the comfort of your home at apply.rategenius.com.

About the Savings Group
The Savings Group, parent company of RateGenius and AUTOPAY, is the most diverse consumer market for auto finance, refinancing and protection plans. Through a network of more than 180 lenders in all 50 states, The Savings Group provides consumers with even more choices for their origination and refinanced auto loans, while ensuring loan volume growth to its network of lenders and clients. partners through an exclusive web platform. The combined company will facilitate more than $ 2 billion in auto finance transactions in 2021, with more than 550 employees between its office centers in Austin and Denver.

Media contact
Corbin Mihelic, CSG
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dea6d807-1cb8-4c0a-94d1-789140757b22



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