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

Emma Woodward is a former contributor for Bankrate and freelance writer who is passionate about writing to help people understand personal finance topics. Emma has contributed to companies and publications like 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 passionate about helping readers to control their finances through providing clear, well-researched information that reduces complex topics into manageable bites.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial choices by offering interactive tools and financial calculators that provide objective and original content, by enabling users to conduct research and compare data for free and help you make financial decisions with confidence. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this site come from companies who pay us. This compensation may impact how and when products are listed on this website, for example, for example, the sequence in which they be listed within the categories of listing and other categories, unless prohibited by law for our mortgage or home equity products, as well as other home loan products. This compensation, however, does affect the information we publish, or the reviews that appear on this website. We do not contain the vast array of companies or financial deals that may be available to you.




Reviewer's disclosures: All reviews are prepared by our staff. The opinions expressed in them are only the opinions of the reviewer and have not been reviewed or acknowledged by any advertiser. The information, including rates and fees provided in the review is correct up to the date when the review first appeared. Check the data at the top of this page and the lender's website for the most current information.








A first glance 3.9 Score: 3.9 stars out of 5
Bankrate Score

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


Find out about rates for auto loan rates


The amount of the loan from iLending is not made public
Min. credit score Not revealed
APR starting at 2.14%
Funds available in As soon as one day



iLending offers personalized customer service and options to help you save money are great, but think about both the benefits and drawbacks of refinancing before you sign up.
PROS Personal lending specialist
Low minimum APR
Quick and simple application procedure

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





If you're looking to refinance your vehicle loan ILending could be the right location to begin. iLending offers refinancing for the majority of vehicles loans with the goal of making it easier to save money. This company has been operating for more than 15 years and it has an A+ rating with the Better Business Bureau.
With every customer, iLending provides a loan specialist who will help you navigate the process. They also assist borrowers who have bad credit scores. Although iLending is not a lender but they do partner with credit unions and banks around the nation to find the loan solutions that will help you save the most money.

Do you qualify? Potential applicants must ensure they meet a few fundamental requirements. There will be equity in the vehicle and a satisfactory debt-to-income (DTI) ratio to be accepted. You can figure out your DTI by using an . iLending doesn't disclose a minimum credit score or annual income- which may vary among its lender partners -- but generally, you need an average credit score of at minimum 670 to be eligible for the lenders' highest rates. What we like and what we don't like If you're approved for refinancing, you'll get individual assistance to guide you through the process of applying for loans and could qualify for an impressively low interest. There isn't in-person customer service which might not be ideal for you.
We like the personal loan specialist: Every client is assigned a personal lending specialist to assist throughout their refinancing process. The minimum rate is low: iLending's Minimum APR at 2.14% is less than many competitors', though the rate you're given will differ based on your creditworthiness as well as other factors. Easy and fast application process It's possible to apply on the internet using a simple procedure that will take only a few minutes. We dislike that they only refinance vehicle loans: iLending doesn't offer loans for . In-person services are not available: iLending aims to save customers money by operating at lower cost of overhead, which means they don't have in-person places. The iLending website doesn't disclose many qualification criteria, including a minimum credit scores, and limits on minimum or maximum loan amounts. Contact iLending Contact iLending customer service by phone at 866-683-5505, or via the chat feature on the iLending website, or via the email contact form on its website. Customer service representatives are available from Monday to Friday between 6 a.m. to 8 p.m. MT, Saturdays from 8 a.m. to 4 p.m. on Sundays from 10 a.m. until 3 p.m. MST. Live chat and phone support is available both in Spanish as well as English.
Auto loan types available
Quick facts about loans Not disclosed Terms: 12-84 months APR Starting at 2.14 percent


It is the only place you can find auto loan refinancing via iLending. It's an intermediary service between the current borrower and potential new lenders. Current auto loan borrowers can use the iLending service if they desire lower interest rates or . Being a partner with several lenders across the nation means that rates and terms vary. You can connect with one of the company's loan specialists to discuss the specific loan term options that may be offered to you. How to apply for a loan through iLending You can apply to refinance your auto loan directly through the iLending website. The application will require your basic info, like the Social Security number, your name as well as your address and contact information. An loan specialist will then call you to verify any necessary information. According to its website, the process will take just about a couple of minutes.
Required application information Your name, date of birth and Social Security number. Also, your phone #, address, and email address. Employment and earnings information Year, make model, model and trim of the vehicle. The vehicle's Identification number (VIN) The current mileage of the vehicle


ILending FAQs
Does iLending charge fees when applicants apply for an auto loan refinancing? Absolutely not, iLending does not assess the application fee.



Is iLending a reliable company? Yes. The platform online has been around for more than 15 years. It currently has an A+ grade with the Better Business Bureau.



How does Bankrate rate iLending?
Overall score
3.9
Availability
3.8
Since iLending has a broad lender network It can assist borrowers in any state. But it doesn't offer its most or minimum loan amount.
Affordability
3.6
Rates start low at 2.14 percent annual percentage rate. There's no maximum APR though, and fees aren't listed.
Customer experience
4.4
Customer support is available seven all week long, and it is available in English or Spanish.
Transparency
4.5
Prequalification is available, but only the minimum rate is available before you enter your information.


Methodology For evaluating lenders that focus on auto refinance loans, Bankrate considers 16 various factors. These variables range in relation to loan amount, the APR disclosed and the acceptance standards. Each lender holds a score that is based on four different categories. Accessibility: This is a factor that accounts for loan amount, vehicle restrictions and availability in each state. Accessibility: This section covers expected APRs and acceptance requirements, discounts on autopay, and the amount of charges. Experience with customers: This category includes access to support online, online accessibility along with funding timelines, options for automatic payments and app availability. Transparency: Here prequalification and disclosure of rates and charges are taken into account.
Disclosure of author Reviewers are supervised by Bankrate.com staff. The opinions expressed in the review are only those of the reviewer and are not reviewed or accepted by any advertising company. The information such as rates and charges provided in the review is accurate at the time of the review. Review the information on the right as well as the lender's website for the most recent information.




Written by
Emma Woodward
Contributing to writer


Emma Woodward is a former contributor to Bankrate and freelance writer who is passionate about writing to demystify personal finance topics. Her writing has been published by various companies and publications like Finch, Toast, JBD Clothiers and The Financial Diet.
Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are passionate about helping readers gain confidence to control their finances with concise, well-studied, and well-documented information that breaks down otherwise complex topics into manageable bites.






Auto loans editor










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