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iLendingDIRECT Auto Refinancing

in Auto Loan Refinancing from iLendingDIRECT Inc.

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iLendingDIRECT Auto Refinancing

Claimed

in Auto Loan Refinancing from iLendingDIRECT Inc.

SuperMoney Net Recommendation Score +87%

SUPERMONEY NET RECOMMENDATION SCORE

+87%

-100% 0% +100%
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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

203 users recommend
1 user is unsure
14 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Credit Score Range 560 - 850
Loan Amount $7,500 - $80,000
APR  (Fixed APR) Starting at 1.99%
Loan Term (Months) 12 - 84 months
Number of Reviews 218

iLendingDIRECT Auto Refinancing Review

iLendingDIRECT Auto Refinancing is an auto loan refinance offering by iLendingDIRECT Inc., based in Englewood, CO. Founded in 2006, iLendingDIRECT Inc. offers auto refinance loans in 50 states (and Washington, DC).

Key Takeaways
  • Lease buyouts. Offers refinancing to buyout an expensive lease or purchase a company car.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 560 are considered for iLendingDIRECT Auto Refinancing.
  • Vehicle requirements. Vehicles must have less than 150,000 miles and a maximum age of 10 years.
  • Refinancing for large loan amounts. You can refinance auto loans of up to $80,000 with iLendingDIRECT Auto Refinancing.
  • Fast process. In some cases you can refinance your auto loan within 1 business day.
  • No origination fee. iLendingDIRECT Auto Refinancing does not charge a fee for processing your loan application.
  • Long loan terms. iLendingDIRECT Auto Refinancing offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.
iLendingDIRECT Auto Refinancing Pros & Cons
Pros Cons
  • Applying will not hurt your credit score.
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • Considers older vehicles (max. 10 years)
  • Available in all 50 states.
  • Charges a late fee.
  • No co-sign option.
iLendingDIRECT Auto Refinancing FAQ

How much can you borrow via iLendingDIRECT Auto Refinancing?

Auto refinance loan amounts start at $7,500 and go up to $80,000.

What are the auto loan refinancing rates offered through iLendingDIRECT Auto Refinancing?

iLendingDIRECT Auto Refinancing 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 Auto Refinancing?

iLendingDIRECT Auto Refinancing 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 Auto Refinancing charge an origination fee on auto refinance loans?

No, iLendingDIRECT Auto Refinancing 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 Auto Refinancing charge a late fee?

Yes, auto refinance loans via iLendingDIRECT Auto Refinancing are subject to late payment penalty fees.

Does iLendingDIRECT Auto Refinancing charge prepayment fees?

No, there is no prepayment penalty.

What do you need to qualify for iLendingDIRECT Auto Refinancing?

Applicants with a credit score of at least 560 and up to 850 are eligible for iLendingDIRECT Auto Refinancing. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

iLendingDIRECT Auto Refinancing does not have or does not disclose a minimum annual income eligibility requirement. iLendingDIRECT Auto Refinancing only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via iLendingDIRECT Auto Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by iLendingDIRECT Auto Refinancing. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the maximum mileage to refinance with iLendingDIRECT Inc.?

iLendingDIRECT Inc. is an option for high-mileage vehicles. They will consider auto loan applications for vehicles with up to 150000 miles on the odometer.

What is the maximum car age to refinance with iLendingDIRECT Inc.?

Only vehicles that are 10 years old or less can qualify for an auto refinance.

What is the estimated funding time for an auto loan refinance with iLendingDIRECT Auto Refinancing?

Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 7 days of approval.

Does iLendingDIRECT Auto Refinancing report your account activity to credit bureaus?

iLendingDIRECT Auto Refinancing reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   7257 S. Tucson Way
    Englewood, CO 80112
  •   Visit Site

About iLendingDIRECT Auto Refinancing

Message From iLendingDIRECT Inc.

We save our customers an average of $112.00 per month on their car payment and $2,753.00 over the life of their auto loan.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
No Origination Fee  
No Prepayment Fee  
Origination Fee (%) 0%
Credit Score Range 560 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted Co-borrower
Maximum Mileage 150,000
Maximum Vehicle Age 10
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Approval Speed 24 hours
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Customizable Payment Dates  
Funding Time Range 1 - 7 days
Payment Options
  • Automatic Payments
  • Credit/Debit Card
Pre-Approved Soft Credit Inquiry  
APR (Fixed APR) Starting at 1.99%
Loan Term 12 - 84 months
Loan Amount $7,500 - $80,000

iLendingDIRECT Auto Refinancing Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+87%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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