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Midwest BankCentre's auto refinancing FAQs.


  • Am I eligible to refinance my auto loan with Midwest BankCentre?

    • To qualify for an auto loan, you must:
      • 1. Have a verifiable name, date of birth and social security number;
      • 2. Be a Permanent Resident;
      • 3. Have a credit score of 580;
      • 4. Have a U.S. street address;
      • 5. Be a resident of Missouri or Illinois;
      • 6. Be at least 18 years old;
      • 7. Have a valid email account;
      • 8. Have a job or job offer you've accepted and will start within six months or another verifiable source of regular income that you do not expect to terminate within three months of the application date;
      • 9. Have a personal banking account at a U.S. financial institution with a routing transit number; and 
      • 10. Meet our minimum credit requirements 
See below for car and auto loan eligibility requirements 

  • Is my car eligible? 

    • To refinance your auto loan with Midwest BankCentre, your car must be no more than 10 years old and have no more than 140,000 miles. It may not be registered as commercial or be used for commercial purposes. It must also be registered in an eligible state.
    • You must not have any second liens and must be in possession of the vehicle. Midwest BankCentre does not refinance loans on vehicles that are stolen or have salvage titles.
    • If you have a co-owner, the co-owner must consent to your application.

  • Is my existing auto loan eligible?

    • To refinance your auto loan with Midwest BankCentre, you must have at least 24 months of payments remaining and no more than 72 months remaining. The loan must have an outstanding balance between $15,000 and $35,000.
  • Which U.S. states does Midwest BankCentre support?

    • Currently, Midwest BankCentre refinances auto loans of Missouri and Illinois residents with matching state-registered cars only. Check back again as we add more states!

  • Can Midwest BankCentre make exceptions for unique situations?

    • Unfortunately, we cannot make individual exceptions to your eligibility requirements or minimum credit requirements. You are always welcome to reapply. You may do so by using a different email address and completing the application again.
    • Note: Applicants who are disqualified must wait 30 days to re-apply.  

To view the rest of our FAQs, click here.