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Ilending
iLending: the 2023 review of auto loan refinancing - 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 demystify personal finance topics. She has written for various companies and publications like Finch, Toast, JBD Clothiers and The Financial Diet.







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

Rhys has been editing and writing for Bankrate from late 2021. They are committed to helping readers to manage their finances with clear, well-researched information that breaks down otherwise complex topics into manageable bites.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content. This allows users to conduct research and compare information for free to help you make informed financial decisions. Bankrate has agreements 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 are from companies that compensate us. This compensation could affect how and when products are featured on this site, including such things as the order in which they appear within the listing categories in the event that they are not permitted by law. Our mortgage, home equity and other home lending products. But this compensation does have no impact on the information we provide, or the reviews that you see on this site. We do not include the universe of companies or financial deals that may be accessible to you.




About our reviews Editorial disclosure: All reviews are prepared by our staff. The opinions expressed are solely the views of the reviewer. They have not been reviewed or acknowledged by any advertiser. The information, including rates and fees provided in the review is correct at the time when the review first appeared. Look over the information on the right as well as the lender's website to find the most up-to-date details.








At a first glance 3.9 rating: 3.9 stars out of five
Bankrate Score

Rating of Availability: 3.8 stars out of 5
Affordability Rating: 3.6 stars out of five
The Customer Service Rating is 4.4 5 stars from 5
A rating of transparency: 4.5 stars out of five


Compare auto loan rates


About iLending Loan amount Not divulged
Min. credit score Not revealed
APR that starts at 2.14%
Funds available as early as one day



iLending offers personalized customer service and options to save you money sound appealing, but you should consider both the benefits and drawbacks of refinancing prior to signing up.
PROS Personal lending specialist
Low APR minimum
Easy and fast application procedure

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





If you are looking to refinance your car loan, iLending may be the right starting point. iLending offers refinancing for the majority of vehicles loans with the intention of saving you money. This company has been in operation for more than 15 years and has earned an A+ rating with the Better Business Bureau.
With each customer, iLending provides a loan specialist to assist you with the situation. They even assist customers with bad credit scores. Although iLending is not a lender but they do collaborate with banks and credit unions 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 basic prerequisites. There will be equity in the vehicle and an acceptable ratio of debt to income (DTI) ratio in order to get accepted. You can figure out your DTI by using a . iLending doesn't disclose a minimum credit score or annual income -- which may vary among its lender partners. However, generally, you need an average credit score of at 670 or more to be eligible for the lenders' highest rates. What we love and what we do not like When you're approved to refinance, you'll receive individual assistance to guide you through the loan process. You could also be eligible for a surprisingly low rate. However, there's no in-person customer service, which may not be the best option for you.
What we like Personal lending specialist: Each customer is assigned a personalized loan specialist who will assist them throughout their refinancing process. Minimum APRs that are low ILending's advertised Minimum APR at 2.14% is less than the average of its competitors however the rate you're given will differ based on your creditworthiness and other aspects. Easy and fast application process: You can apply online through a streamlined procedure that will take only about a couple of minutes. We don't like that they only refinance car loans: iLending doesn't offer loans for . In-person services are not available: iLending aims to save its customers money by operating with lower expenses for overhead -- which means that they don't offer any physically-based establishments. Vague qualification requirements: iLending's website does not provide many qualifications conditions, such as a minimum credit score and minimal and maximal loan amounts. Contact iLending Contact iLending customer support by calling at 866-683-5505, through chat available on iLending website, or by using the email contact form available on the website. Customer service agents are accessible Monday through Friday, from 6 a.m. to 8 p.m. (MT), Saturdays from 8 a.m. to 4 p.m. on Sundays from 10 a.m. to 3 p.m. MT. Live chat and phone assistance is available both in Spanish and English.
Auto loan types available
Loan quick facts Amounts not disclosed Terms 12 -84 months APR Starting at 2.14 0.14


You'll only find auto loan refinancing with iLending. It works as an intermediary service between existing borrowers and prospective new lenders. Current auto loan borrowers can use the services of iLending if they wish to get lower rates of interest or . Being a partner with several lenders across the country means rates and terms are different. It is possible to connect with an iLending loan specialists to discuss specific loan terms that could be available to you. How to apply for an loan through iLending You are able to apply for a refinance of your auto loan through iLending's site. The application will require the basic information, such as a Social Security number, your name, address and contact info. A loan specialist will contact you to verify any necessary details. According to their website, the process will take just about a couple of minutes.
The required application requirements include your name, birth date and Social Security number. Also, your phone #, address, and email address. Employment and income information Year, make, model and trim of the vehicle Vehicle Identification number (VIN) the current mileage for the vehicle


iLending FAQs
Does iLending charge you fees when applying for auto loan refinancing? No, iLending does not assess an application fee.



Is iLending a reputable firm? Yes. The online platform has existed since more than 15 years, and is currently holding an A+ grade with the Better Business Bureau.



How does Bankrate rate iLending?
Overall score
3.9
The availability
3.8
Because iLending is a part of a large 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 APR. There's no maximum APR, however, and the fees aren't listed.
Customer experience
4.4
Customer service is available 7 all week long, and available in both English as well as Spanish.
Transparency
4.5
Prequalification is offered, however, just the minimal rate will be accessible prior to you filling in your details.


Methodology To rate lenders that focus on auto refinance loans, Bankrate considers 16 different elements. These variables range to the loan amount, APR that is disclosed and acceptance criteria. Each lender holds a score which is determined by four categories. Accessibility: This is a factor that accounts for loan amounts, vehicle restrictions and availability in each state. Affordability: The primary focus of this section covers expected APR and acceptance requirements, discounts on autopay as well as the total amount of charges. Experience with customers: This category includes online access, support availability and funding timeframe, as well as the option to pay by automatic method and app accessibility. Transparency: In this category, prequalification as well as the disclosure of fees and rates are accounted for.
Disclosure of author Reviewers are supervised by Bankrate.com staff. The opinions expressed are only the opinions of the reviewer and have not been reviewed or acknowledged by any advertising company. The information such as rates and charges, presented in the review is accurate up to the date that the review was written. Check the data on the right, and the lender's site for the most up-to-date information.




Written by
Emma Woodward
Contributing to writer


Emma Woodward is a former contributor to Bankrate and a freelance writer who enjoys writing to demystify personal finance topics. She has written for 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 the end of 2021. They are passionate about helping readers gain the confidence to manage their finances through providing concise, well-studied, and well-documented facts that break down complex topics into manageable bites.






Auto loans editor










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