iLendingDIRECT Auto Refinancing
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iLendingDIRECT Auto RefinancingClaimed
in Auto Loan Refinancing from iLendingDIRECT Inc.
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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).
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 580 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 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:
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 score.
- 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|
|Origination Fee (%)||0%|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Supported Income Types||
|Verification Documents Required||
|Funding Time Range (in days)||1 - 7|
|Approval Speed (Hours)||24|
|Credit Bureau Reporting||
|Customizable Payment Dates|
|Pre-Approved Soft Credit Inquiry|
|APR (Fixed APR)||Starting at 1.99%|
|Loan Term||12 - 84 months|
|Loan Amount||$7.5K - $80K|