Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

iLending

Advertiser Disclosure

About lender

iLending (also known as iLendingDIRECT) is a great place to start if you're looking for a car loan refinancing. They offer solutions for most auto loans in order to save you money and have operated within the financial industry for over 15 years with an A+ Better Business Bureau (BBB) rating.

When you sign up for an account at iLending, you'll be assigned a lending specialist who will help guide your decisions. They don't provide loans themselves, but they will find the best borrowing options available in both banks and credit unions. And they'll work with you to look over all your options and find the right one for your situation. You can refinance a motorcycle, RV, car, truck, SUV, van, RV, ATV, and even a boat.

Pros and cons

Pros 

  • Applying will have no negative impact on your credit score
  • An extremely low-interest rate of 2.14% as a starting point
  • All 50 states are covered
  • There is no prepayment cost
  • iLending Auto Refinancing does not send credit reports
  • Accepts applicants with fair credit
  • It takes into account older vehicles (max. ten years)
  • Positive reviews from satisfied customers.

Cons

  • Only refinance loans
  • There is no in-person assistance
  • There is limited information about costs.

Terms and conditions

Working with various lenders around the country means that rates and conditions vary significantly. Interest rates as low as 1.99% annual percentage rate (APR) are available. The loan periods range from 12 months to 84 months. You can speak with one of the company's loan consultants to learn more about the loan term alternatives that are accessible to you.

A Gap Waiver helps the customer in case of total loss or damage to their goods. If the customer has a total loss on their vehicle (from an act of nature, theft, or car accident), then our GAP Waiver will pay the difference between what they owe on loan and what their insurer is willing to give them. You can learn more by talking to your Loan Consultant. iLending does not offer Gap Waiver in New York state.

Refinancing is possible even if you have bad credit. Good credit may allow you to qualify for a rate below 5%.

You can use the Auto Loan Savings Calculator on the company's website. The actual payment amount is based on APR and term duration. APR (Annual Percentage Rate) is accurate as of the publication date and subject to change. Actual APR is subject to credit approval and selected term duration. Payment terms up to 84 months are available. 

Funding a loan

Auto refinances loan applications are typically approved (or denied) within 24 hours and funded within 7 to 14 days of approval.

Anyone interested in speaking with iLending's customer service can call the company, contact the company via the chat facility available on its website, or use the email contact form available on the company's website. Customer service agents can be reached Monday through Friday between 6 a.m. and 8 p.m. MT, Saturday between 8 a.m. and 4 p.m. MT, and Sunday between 10 a.m. and 3 p.m. MT. Both live chat and phone service are offered, and both languages (Spanish and English) are supported.

iLending

FAQ

Is ILending a direct lender?

The company does not directly refinance your loan. Instead, it matches you with the lender that best meets your financial needs.

Who owns ILending?

Since February 2, 2021, J.C. Flowers & Co. has become the owner of iLending.

How does iLending work?

iLending is a company that specializes in auto loan refinancing. It serves as an intermediary between current borrowers and potential new lenders. Current auto loan borrowers can use iLending services to lower interest rates or cut monthly payments.

Company documents

Privacy Policy
Terms of use

At iLending, we pride ourselves on being a part of one big, happy family. We do this by treasuring our employees, clients, lenders and partners, always looking to do the right thing. We watch out for each other. We take care of each other. We help each other.

© iLending
Financial products
iLending
Auto Refinance
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

from 2.14%
Term
i

Loan term for the financial product

up to 84 months
Similars products
Caribou
Refinance
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $45,000
Rate
i

Effective interest rate on the product

up to 36%
Term
i

Loan term for the financial product

up to 72 months
Autopay
Vehicle Purchase
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$2,500-$100,000
Rate
i

Effective interest rate on the product

from 2.99%
Term
i

Loan term for the financial product

up to 96 months
Auto Approve
Auto Lease Purchase
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$7,500-$150,000
Rate
i

Effective interest rate on the product

from 2.94%
Term
i

Loan term for the financial product

up to 72 months
Calculate loan payments in iLending

iLending calculator will allow you to calculate an approximate payment schedule for the loan

iLending calculator
Interest rates are given in accordance with the rates of the iLending of 12.06.2024
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Loan term
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