Lantern Provides Auto Loan Offers

By Staff Writer April 08, 2021
SoFi and MotoRefi have expanded into auto loan refinancing with the new product Lantern. SoFi and MotoRefi have expanded into auto loan refinancing with the new product Lantern.

Personalized auto loan refinancing offers are now available through Lantern, the financial services product comparison site owned and operated by SoFi, the digital personal finance company. 

Anthony Noto (R), CEO of SoFi at a West Point speaking engagement.

SoFi launches auto loan refinancing in partnership with MotoRefi – an auto fintech startup on a mission to help people save money on their auto loans – to combine selection, speed, and convenience through its network of trusted lenders. This approach ensures borrowers have the opportunity to choose from a selection of competitive offers that fit their financial situation and goals.

“Our decision to expand into auto loan refinancing is rooted in a belief that everyone deserves visibility into the steps they can take to improve their financial stature throughout each milestone in their financial lives,” said Anthony Noto, CEO of SoFi.

SoFi’s expansion into auto loan refinancing in partnership with MotoRefi adds a layer of transparency to the process by allowing the borrower to view competitive offers and determine eligibility without any impact to their credit score.

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Last modified on Monday, 12 April 2021 13:11