A co-borrower is someone who is jointly responsible for repaying your loan, while a co-owner jointly owns your vehicle. Rising Bank does not currently allow co-borrowers on refinanced auto loans, but if you have a co-borrower on your current auto loan, you may apply to refinance the loan in your name to remove the co-borrower from the loan. 

Rising Bank does allow co-ownership as long as the co-owner signs a consent form agreeing to the application and shares his or her driver’s license or state identification number and state within five days of application approval. If you have a co-owner, you must provide your co-owner’s name and email address when you apply. The co-owner is not responsible for repayment, and his or her information beyond that provided in the consent form will not be considered in the credit decision.