Compare between iLending and other vendors

Submitting an application with iLending is free, but there may be administrative and documentation fees, title transfer fees, and state-specific fees. Once you receive offers from different lenders, it is essential to review the terms carefully for any additional fees or costs. Your Loan Consultant will provide a detailed breakdown of these costs as part of your completed auto loan refinance package.

iLending offers refinancing for various vehicle types, including cars, trucks, SUVs, motorcycles, RVs, boats, and ATVs. They state that they have helped thousands of families refinance their auto loans, making them a popular choice for those seeking to lower their monthly payments and interest rates.

The application process with iLending is designed to be quick and efficient. You can start the process online, and a loan consultant will reach out to complete the necessary information. The entire application process may be completed in just a few minutes, and the average approval time is typically within 24 hours. Once approved, the funding process usually takes between one to seven days.

No, they generally don't require a strong credit history to refinance loans. The company works with a network of banks and lenders to provide options for those with bad or fair credit. Even if you do not qualify for a loan product due to your credit history, iLending offers strategies to help you improve your credit and increase your chances of qualifying in the future.

The initial pre-qualification with iLending does not impact your credit score since it involves a soft credit check. However, once you decide to move forward with the loan process, a formal credit inquiry by the lender will be necessary, which may temporarily lower your credit score. Over time, as you make regular monthly payments on your new loan, your credit score is likely to recover and potentially improve.

iLending takes the security of your personal information seriously. Their systems are up-to-date and compliant with industry standards to protect and guard your data. This includes the use of a secure document portal for uploading necessary documents during the refinancing process.

The interest rates for refinancing through iLending typically range from 5.49% to 18.79% APR. The exact rate depends on your credit profile and other factors, such as the loan-to-value ratio and the term of the loan.