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Ilending
iLending: 2023 Auto Loan Refinancing Review, Published 2023-01-01 at 00:00:00
Authored by Emma Woodward Written by Contributing writer

Emma Woodward is a former contributor for Bankrate and a freelance writer who enjoys writing articles that help to simplify personal finance issues. She has written for various companies and publications such as Finch, Toast, JBD Clothiers and The Financial Diet.







The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are dedicated to helping their readers gain the confidence to manage their finances by providing concise, well-researched, and clear information that breaks down otherwise complex subjects into digestible pieces.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by providing you with financial calculators and interactive tools as well as publishing original and objective content. We also allow users to conduct research and compare information for free to help you make sound financial decisions. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn money The products that appear on this site come from companies that compensate us. This compensation may impact how and when products are featured on the site, such as, for example, the sequence in which they appear within the listing categories and other categories, unless prohibited by law. Our mortgage or home equity products, as well as other products for home loans. However, this compensation will affect the content we publish or the reviews that appear on this website. We do not contain the entire universe of businesses or financial offers that may be available to you.




About our reviews . Editorial disclosure The reviews are written by our staff. The opinions expressed are solely the views of the reviewer. They have not been reviewed or accepted by any advertiser. The information such as rates and charges that are included in the review are accurate as of the date that the review was written. Look over the information in the upper right hand corner of the page as well as the lender's website for the most current information.








A quick look 3.9 Rating: 3.9 stars out of 5
Bankrate Score

Availability Rating: 3.8 stars out of 5
Affordability Rating: 3.6 stars out of 5
The Customer Service Rating is 4.4 stars out of five
Transparency Rating: 4.5 stars out of five


Check auto loan rates


About the iLending loan amount, not disclosed
Min. credit score Not revealed
APR that starts at 2.14%
Funds available as early as one day



iLending provides personalized customer support and options to save you money are great, but think about both the advantages and disadvantages of this refinancing service before you sign up.
PROS Personal loan specialist
Low minimum APR
Easy and fast application procedure

CONS Only refinance vehicle loans
No in-person service
Vague qualification requirements





If you're looking to refinance your vehicle loan ILending could be the perfect location to begin. iLending offers refinancing for most automobile loans with the intention of saving you money. This company has been in operation for over 15 years, and it has been awarded an A+ grade by the Better Business Bureau.
With each customer, iLending provides a loan specialist to assist you with the case. They even assist those with bad credit scores. While iLending doesn't function as a lender but they do partner with credit unions and banks across the country to identify the loan options that will make the most savings.

Do you qualify? Potential applicants must ensure they meet a few basic requirements. There will be equity in the vehicle and a good ratio of debt to income (DTI) ratio to be accepted. You can determine your DTI using a . iLending does not disclose an absolute credit score or annual income -that could differ among its lender partners, but generally, you need a credit score of at least 670 to qualify for lenders' best rates. What we love and what we do not like When you're approved to refinance, you'll receive personal assistance in understanding the lending process and may get a very low interest rate. However, there's no person-to-person customer support, which may not be ideal for you.
We like the personal loan specialist: Every client is assigned a personal lending specialist to assist during the refinancing process. The minimum rate is low: ILending's advertised minimum APR of 2.14% is less than the average of its competitors, though the rates you'll be offered will vary depending on your creditworthiness and other factors. Simple and quick application process It's possible to apply online using a straightforward process that is expected to take just about a couple of minutes. What we don't like Only refinance vehicle loans: iLending doesn't offer loans for . No in-person service: iLending aims to save its customers money by operating with lower cost of overhead, which means they don't have any physically-based locations. Inconsistent requirements for qualification: iLending's website doesn't provide many of the qualification conditions, such as a minimum credit scores, and limits on minimum or maximum loan amounts. Contact iLending Reach iLending customer support by calling at 866-683-5505, via the chat service on the iLending website, or via the contact form for email available on the website. Customer service agents are accessible Monday through Friday between 6 a.m. to 8 p.m. MST, on Saturday between 8 a.m. to 4 p.m. MT and Sunday from 10 a.m. to 3 p.m. MST. Live chat and phone assistance are available in both Spanish as well as English.
Auto loan kinds available
Loan quick facts Amounts: Not disclosed Terms APR for 12-84 months Starting at 2.14%


It is the only place you can find auto loan refinancing via iLending. It is a third-party service between existing borrowers and prospective new lenders. Current auto loan customers can make use of iLending services if they want lower rates of interest or . The fact that they work with a variety of lenders across the nation means that rates and terms are different. You can connect with any of their loan specialists to discuss the specific loan terms that might be available to you. How to apply for an loan with iLending You are able to apply for a refinance of your auto loan through iLending's site. The application will request your basic info, like a Social Security number, your name as well as your address and contact information. A loan specialist will contact you to verify any necessary details. According to their website, the application process should only take less than a minute.
The required application requirements include your name, birth date along with Social Security number. Also, your phone number, physical address and email address Employment and income information Year, Make, model and trim of the vehicle. Vehicle identification number (VIN) Current mileage for the vehicle


ILending FAQs
Does iLending charge fees if applicants apply for an the auto loan refinancing? It's not true, iLending does not assess any application fees.



Is iLending a reliable company? Yes. The online platform has existed for over 15 years, and is currently holding an A+ grade with the Better Business Bureau.



How does Bankrate rate iLending?
Overall score
3.9
Availability
3.8
Because iLending is a part of a large lender network and lenders, it is able to assist borrowers in any state. However, it does not provide minimum or maximum loan amounts.
Affordability
3.6
Rates start as low as 2.14 percent APR. There's no maximum APR however, and charges aren't specified.
Customer experience
4.4
Customer service is available seven all week long, and accessible in both English and Spanish.
Transparency
4.5
Prequalification is available, but it is only available at the minimum rates offered before you enter your information.


Methodology For evaluating lenders that specialize in auto refinance loans, Bankrate considers 16 various factors. These variables range from the loan amount, the APR disclosed as well as acceptance requirements. Each lender has a score that is that is based on four different categories. Availability: This accounts for loan amount, vehicle restrictions and the availability of each state. Affordability: Primarily, this section covers the expected APR, acceptance conditions, discounts for autopay as well as the total amount of charges. Experience with customers: This category includes online access, support availability, funding timeline, option to pay by automatic method and app accessibility. Transparency: In this category, prequalification as well as disclosure of rates and charges are taken into account.
Disclosure of author: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or accepted by any advertiser. The information, including rates and fees, presented in the review is accurate up to the date when the review first appeared. Look over the information at the top of this page and the lender's website for the most current details.




Written by
Emma Woodward
Contributing to the writing


Emma Woodward is a former contributor to Bankrate and freelance writer who is passionate about writing articles that help to simplify personal finance topics. Her writing has been published by companies and publications such as Finch, Toast, JBD Clothiers and The Financial Diet.
Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are committed to helping readers gain the confidence to manage their finances with precise, well-researched and well-studied information that breaks down complicated topics into bite-sized pieces.






Auto loans editor










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