Support Home Applying to Refinance Your Auto Loan I’ve found the vehicle I want to buy. Can I apply for a direct auto loan with Andi? Congratulations! Andi currently only supports the refinancing of existing auto … Are Andi loans available through any car dealerships? No. Andi currently supports the refinancing of existing auto loans only. You may … Can I apply for a second auto loan with Andi? If you currently have an auto loan from Andi, in order to be eligible for another… How will applying to refinance my loan affect my credit? Checking your rate with Andi will not affect your credit score. If you proceed wi… What is the range of interest rates offered on loans, and what is the difference between APR and interest rate? All Andi loans offer a fixed rate, but individual rates are determined based on e… Can I change my loan application after submitting it? You will not be able to edit your application once it is submitted. Please verify… What must I agree to in order to receive a loan? In order to refinance your loan, you must agree to the Borrower Platform Agreem… How are interest payments calculated? Andi uses simple interest to calculate interest payments. A specific interest rat… How do I apply to refinance my auto loan? Please complete the brief online application, which will include information abou… What is the difference between a soft and hard credit inquiry? There are two kinds of inquiries (or pulls) that can occur on your credit report:… Can I negotiate the rate or my loan terms? No, you cannot negotiate the loan terms or rate. Your rate is generated by our mo… Why do you need my social security number? We must collect and verify your personal information, including your date of birt… Can you withdraw or delete my application? If you wish to withdraw from the application process, please email us at andiauto… What fees am I charged? Fee Amount Frequency Description Late Payment Fee 5% of the past due amount or $1… Are loans through Andi fixed rate or variable rate? All loans through Andi have a fixed interest rate, which means it won't change th… What’s the difference between a co-borrower and a co-owner? Does Andi allow either? A co-borrower is someone who is jointly responsible for repaying your loan, while… What are the insurance coverage requirements to qualify? Andi requires a valid and current insurance policy. Applicants must have a policy… Does Andi provide gap insurance? Andi does not offer this type of insurance. If you had GAP insurance on your prev… Can I refinance a commercial vehicle? How about a vehicle used for commercial purposes? Andi does not support auto loan refinancing for commercial vehicles.Andi may requ… Can I get cash out when I refinance? No, you may refinance your auto loan to lower your monthly payment or reduce the … What do I need to do after my application is approved? After your application is approved, Andi will work to pay off your prior lien hol…