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Cash-out Refinance Loans

Get more from your refinanced auto loan — like extra money.

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This won’t affect your credit score.

Pay off your current auto loan with a new loan for more than you owe. Use the difference for other expenses.1

Cash-out refinancing2 can help you refinance your auto loan and borrow extra money at the same time. If you could use more money in your pocket or need to pay off other expenses like credit card bills2, this should get your motor running.

How does a cash-out refinance auto loan work?

Cash-out refinancing replaces your current auto loan with a new personal loan for more than what you owe. The amount of money you receive is based on how much equity you have in your vehicle. Equity is the difference of what your vehicle is currently worth and how much you still owe on your loan.

To determine how much equity you have, a OneMain personal loan specialist will follow up with you after you submit a loan prequalification form. They’ll ask for basic details of your vehicle such as make, model, year, mileage and Vehicle Identification Number (VIN). Then, the loan specialist will inspect the vehicle in person, assess its value based on the details you provided and the vehicle's condition and determine the potential cash-out amount.

Why should I choose OneMain for cash-out refinancing?

At OneMain, we understand each customer is unique. That’s why we take the time to ask questions, listen and find a personal loan solution that works for you. We also know that customers interested in cash-out refinancing loans usually have plans for the money. Whether it’s funding a home improvement project or paying off debt², we can help make it happen.

Today’s the day. See if you prequalify for a cash-out refinancing loan!

Benefits of cash-out refinancing include:


Fixed interest rate

Dollar Sign

Extra money in your pocket


No prepayment fees

Don’t wait to refinance and get the money you need.See if you prequalify for a OneMain personal loan now.

Check for Offers

This won’t affect your credit score.

Real stories of how OneMain customers used their personal loan.3

“Was able to refinance my loan and get me $1000 out to get tires for my car and transmission repaired on our truck.”3

— Debra M., 2/11/20

“I have had a loan on my truck with OneMain for a couple years now and have recently refinanced to get extra cash for paying school loans. The company has a great process and people to work with in getting the loan. Very easy to get approved and achieve the loan you desire. Thumbs up.”3

— Ronnie S., 1/3/20

3 These customer testimonials reflect individuals' personal experiences, so you may not have the same results