Repayment of loan
iLending works as a third-party service between current borrowers and potential new lenders. Your payment schedule and manner may differ depending on the lender and criteria, such as your credit history. The higher your credit score, the fewer loan payments you will have to make and the more payment processing options you will have.
When you engage with iLending, you will be assigned a personal Loan Consultant that is concerned about you and finding the best loan for you. Loan Consultants at the organization undergo a rigorous 6-week training program to understand the best ways to serve our customers.
Early payoff
To know if you will have to pay a prepayment penalty, you need to check where your lender stands on an early payment. Before making early prepayments, inquire with your lender about repayment terms and applicable fines and reductions.
