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Ilending
iLending the 2023 review of auto loan refinancing - Published 2023-01-01 00:00:00
Written by Emma Woodward Written by Contributing writer

Emma Woodward is a former contributor to Bankrate and a freelance writer who is passionate about writing to demystify personal finance topics. She has written for various companies and publications such as Finch, Toast, JBD Clothiers and The Financial Diet.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are committed to helping readers feel confident to control their finances by providing concise, well-researched, and clear information that breaks down otherwise complicated topics into bite-sized pieces.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by offering interactive tools and financial calculators that provide objective and original content, by enabling you to conduct research and compare information at no cost to help you make financial decisions with confidence. Bankrate has partnerships with issuers, including but not restricted 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 that pay us. This compensation could affect how and when products are featured on this website, for example, for example, the order in which they may appear in the listing categories, except where prohibited by law. Our mortgage, home equity and other home loan products. This compensation, however, does not influence the information we publish, or the reviews you read on this site. We do not include the entire universe of businesses or financial offers that may be available to you.




About our reviews . Editorial disclosure The reviews are written by staff. The opinions expressed in them are only those of the reviewer and have not been reviewed or approved by any advertising company. The information that is included, including rates and fees that are included in the review is correct up to the date when the review first appeared. Check the data on the right and the lender's site for the most current details.








A quick glance 3.9 Rating: 3.9 stars out of five
Bankrate Score

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


Check rates for auto loan rates


About the iLending loan amount, not divulged
Min. credit score not disclosed
APR from Starting at 2.14%
Funds available as early as one day



iLending offers personalized customer service and options to save you money are great, but think about both the pros and cons of refinancing before you sign up.
PROS Personal loan specialist
Low APR minimum
Simple and quick application process

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





If you want to refinance your car loan, iLending may be the best starting point. iLending offers refinancing for the majority of automobile loans with the goal of saving you money. The company has been operating for over 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 work with borrowers who have bad credit scores. Although iLending does not function as a lender it does work with credit unions and banks across the country to identify the loan solutions that will make the most savings.

Do you qualify? Anyone who is interested should ensure they meet a few basic prerequisites. You will some equity in the vehicle and a satisfactory ratio of debt to income (DTI) ratio to be accepted. You can determine your DTI using an . iLending does not disclose a minimum credit score or annual income -which can vary between its lender partners. However, generally, you must have an average credit score of at 670 or more to be eligible for lenders' best rates. What we like and what we don't like If you're approved to refinance, you'll receive individual assistance to guide you through the process of applying for loans and could qualify for an impressively low interest rate. There isn't personal customer service available which might not be ideal for you.
What we like about personal loan specialist: Every 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 of 2.14% is lower than the average of its competitors however the rates you'll be offered will vary depending on your creditworthiness and other factors. It's a simple and fast process to apply It's possible to apply on the internet using a simple process that is expected to take just a few minutes. We don't like that they only refinance of vehicle loans: iLending doesn't offer loans for . In-person services are not available: iLending aims to save customers money by operating at lower overhead costs -- meaning that they don't offer any physically-based establishments. The iLending website doesn't provide many of the qualification requirements, including minimum credit score and limits on minimum or maximum loan amounts. Contact iLending Reach iLending customer service by phone at 866-683-5505, via chat on the iLending website, or by using the email contact form found on their website. Customer service representatives are available from Monday to Friday between 6 a.m. until 8 p.m. MST, on Saturdays from 8 a.m. to 4 p.m. Monday through Sunday between 10 a.m. until 3 p.m. MST. Live chat and telephone assistance is available both in Spanish and English.
Auto loan types offered
Loan quick facts Amounts Not disclosed Terms 12 -84 months APR: From 2.14 0.14


You'll only find auto loan refinancing through iLending. It is a third-party service between existing borrowers and prospective new lenders. Current auto loan customers can avail the services of iLending if they wish to get lower interest rates or . The fact that they work with a variety of lenders across the United States means rates and terms vary. Contact one of the company's loan specialists to discuss the specific loan term options that may be offered to you. How do you apply for a 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 information, including your Social Security number, your name address, phone number and email. A loan specialist will then call you to fill in any required details. According to the website, the application procedure should take only less than a minute.
The required application requirements include your name, date of birth and Social Security number. Your telephone numberand physical address and email address. Employment and earnings information Year, make model, trim and year of the vehicle. Vehicle identification number (VIN) Current mileage for the vehicle


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



Is iLending a reliable firm? Yes. The platform has been in existence for over 15 years and currently holds an A+ rating with the Better Business Bureau.



How does Bankrate rate iLending?
Overall score
3.9
Availability
3.8
Since iLending has a broad network of lenders 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 at 2.14 percent APR. There's no maximum APR, however, and the fees aren't stated.
Customer experience
4.4
Customer service is available seven every day of the week. It is accessible in both English or Spanish.
Transparency
4.5
Prequalification is offered, however, it is only available at the minimum rates available prior to submitting your information.


Methodology to rate lenders who are specialized in refinancing auto loans, Bankrate considers 16 various factors. These variables range from the loan amount, disclosed APR as well as acceptance requirements. Each lender has a score that is which is determined by four categories. Accessibility: This is a factor that accounts for loan amount, vehicle restrictions and the availability of 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 fees. Customer experience: This category includes access to support online, online accessibility and funding timeframe, as well as the option to pay by automatic method and app accessibility. Transparency: Here , prequalification and disclosure of rates and charges are recorded.
Disclaimer Reviewers are supervised by Bankrate.com staff. The opinions expressed are only the opinions of the reviewer and have not been evaluated or acknowledged by any advertiser. The information, including rates and fees provided in the review are accurate as of the date of the review. Check the data on the right, and 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 enjoys writing articles that help to simplify personal finance issues. Her writing has been published by 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 since late 2021. They are passionate about helping readers gain the confidence to manage their finances by providing clear, well-researched data that chunks complex subjects into digestible pieces.






Auto loans editor










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