in Auto Loan Refinancing from iLendingDIRECT
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Where does iLendingDIRECT do business?
iLendingDIRECT is a lending platform based in Englewood, CO. It was founded in 2006 and offers auto refinance loans in 50 states (and Washington, DC).
How much can you borrow via iLendingDIRECT?
Auto refinance loan amounts start at $7,500 and go up to $80,000.
What are the auto loan refinancing rates offered through iLendingDIRECT?
iLendingDIRECT offers a fixed APR auto loan refinancing product that ranges from 1.99% APR.
What is the maximum loan term you can get with iLendingDIRECT?
iLendingDIRECT offers auto refinancing with terms ranging from 12 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto refinancing loan, the more interest you will pay.
Does iLendingDIRECT charge an origination fee on auto refinance loans?
No, iLendingDIRECT does not charge a loan origination fee for refinancing an auto loan.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.
Does iLendingDIRECT charge a late fee?
Yes, auto refinance loans via iLendingDIRECT are subject to late payment penalty fees.
Does iLendingDIRECT charge prepayment fees?
No, there is no prepayment penalty.
What are the key eligibility criteria for iLendingDIRECT auto loan refinancing?
Applicants with a credit score of at least 580 can apply for a loan via iLendingDIRECT. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan refinance with iLendingDIRECT?Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 7 days of approval.
Does iLendingDIRECT report loan payments to credit bureaus?
iLendingDIRECT may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Credit Score Range||
580 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$7.5K - $80K|
|Loan Term (Months)||12 - 84|
|APR (Fixed APR)||Starting at 1.99%|