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 First Federal Bank of Kansas City? Congratulations! Please visit us here , for information on purchase options with… Are First Federal Bank of Kansas City loans available through any car dealerships? No. First Federal Bank of Kansas City currently supports the refinancing of exi… How will applying to refinance my loan affect my credit? Checking your rate with First Federal Bank of Kansas City will not affect your cr… What is the range of interest rates offered on loans, and what is the difference between APR and interest rate? All First Federal Bank of Kansas City loans offer a fixed rate, but individual ra… 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 Agreeme… How are interest payments calculated? First Federal Bank of Kansas City uses simple interest to calculate interest paym… 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 ffbkcaut… What fees am I charged? Fee Amount Frequency Description Late Payment Fee The greater of 5% of monthly pa… Are loans through First Federal Bank of Kansas City fixed rate or variable rate? All loans through First Federal Bank of Kansas City have a fixed interest rate, w… What’s the difference between a co-borrower and a co-owner? Does First Federal Bank of Kansas City allow either? A co-borrower is someone who is jointly responsible for repaying your loan, while… What are the insurance coverage requirements to qualify? First Federal Bank of Kansas City requires a valid and current insurance policy. … Does First Federal Bank of Kansas City provide gap insurance? First Federal Bank of Kansas City does not offer this type of insurance. If you h… Can I refinance a commercial vehicle? How about a vehicle used for commercial purposes? First Federal Bank of Kansas City does not support auto loan refinancing for comm… 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, First Federal Bank of Kansas City will work t… How to Calculate Your Self Employed Income If you’re self-employed and you’d like to use your income from this job as the in…