Auto Loan Rate Modification Form - Star One Credit Union

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Form Instructions

To submit this form electronically, log into Online Banking and select "Auto Loan Rate Modification" in the "Forms" menu.

Complete, print, sign, and fax this form to Consumer Loan Services at (408) 543-5203 or mail it to:

Star One Credit Union
Consumer Loan Services
P.O. Box 3643
Sunnyvale CA 94088-3643

Processing of modification requests will take 2-3 business days. After Star One receives your signed modification agreement, your loan account will be updated with the new rate and payment amount.

All modified loans will receive the used auto loan rate based on your creditworthiness and credit score on file at Star One at the time of this request. Rate discount for financing $30,000 or more does not apply to a Star One loan refinance or rate modification.

If necessary, to complete this modification request, I/we authorize Star One Credit Union to order a new credit report. Some restrictions may apply.

Your Loan Information

Member Number:
Three-digit Loan Number (e.g. 142):

Primary Member Information

Name:
Address:
City, State, Zip:
Home Phone:
Cell Phone:
Email:

Co-Borrower Information

Name:
Address:
City, State, Zip:
Home Phone:
Cell Phone:
Email:

	Prefer to reduce the payment(s)
	Prefer to keep the payment(s) the same

FEE: $75 per loan

Primary member and co-borrower (if applicable) agree to pay $75 per loan for each modification. Please deduct the fee from:

Member Number:

	Savings
	Checking

All borrowers are required to sign before processing.

___________________________________________ Member Signature	_______________________ Date
___________________________________________ Co-Borrower Signature	_______________________ Date
___________________________________________ Guarantor of Collateral	_______________________ Date

Once the completed and signed Auto Loan Rate Modification form is received, a Loan Modification Agreement will be sent for signatures.

Delivery preference:
Email	Mail

Star One Credit Union use only
Loan updated:
Updated by:
Audited by: