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iLending Auto Refinancing
in Auto Loan Refinancing from iLending
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iLending Auto Refinancing

Claimed
in Auto Loan Refinancing from iLending
SuperMoney Net Recommendation Score +88  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +88, equating to 4.8 on a 5 point rating scale.

+88

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

267 users recommend
1 user is unsure
17 users don't recommend
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Highlights
Community Rating Strongly recommended
Credit Score Range 540 - 850
Loan Amount $5,000 - $200,000
APR  (Fixed APR) 3.74% - 22.00%
(Verified 09/15/2022)
Loan Term (Months) 12 - 84 months
Number of Reviews 285

iLending Auto Refinancing Review

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

Key Takeaways

  • APRs starting at 3.74%. There are average starting rates for an auto refinancing loan. If you have good credit you may qualify for a loan with better rates.
  • Vehicle types. iLending refinances motorcycles, boats, RVs, ATVs, cars, and trucks.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 540 are considered for iLending 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 $200,000 with iLending Auto Refinancing.
  • Origination fees starting at $499.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
  • No late fees. Missing a payment can seriously damage your credit, but iLending Auto Refinancing will not charge additional fees if you miss the due date on a payment.
  • Long loan terms. iLending Auto Refinancing offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.

iLending auto refinance Pros & Cons

Pros Cons
  • Applying will not hurt your credit score.
  • Low APRs available to qualified borrowers.
  • Available in all 50 states.
  • $0 prepayment fee.
  • iLending Auto Refinancing does not report to credit bureaus.
  • Considers applicants with fair credit.
  • Considers older vehicles (max. 10 years)
  • APRs as high as 22.00%.
  • Charges an origination fee.

iLending auto refinance FAQ

How much can you borrow via iLending auto refinance?

Auto refinance loan amounts start at $5,000 and go up to $200,000.

What are the auto loan refinancing rates offered through iLending auto refinance?

iLending auto refinance offers a fixed APR car loan refinancing product that ranges from 3.74% APR up to 22.00% APR.

What is the maximum loan term you can get with iLending auto refinance?

iLending auto refinance 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 iLending auto refinance charge an origination fee on auto refinance loans?

Yes, iLending auto refinance charges a loan origination fee of $499.

Does iLending auto refinance charge a late fee?

No, iLending auto refinance will not charge you a late payment fee.

Does iLending auto refinance charge prepayment fees?

No, there is no prepayment penalty.

What do you need to qualify for iLending Auto Refinancing?

Applicants with a credit score of at least 540 and up to 850 may be eligible for iLending Auto Refinancing. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

iLending Auto Refinancing does not have or does not disclose a minimum annual income eligibility requirement. iLending Auto Refinancing only considers borrowers who are employed. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

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 iLending 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 iLending 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 iLending?

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

What is the maximum car age to refinance with iLending?

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

What is the estimated funding time for a car loan refinance with iLending auto refinance?

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

iLending Auto Refinancing Disclosure: Your loan is subject to certain stipulations such as verification of income, vehicle year, mileage, etc. IMPORTANT: The interest rate quoted may be dependent on the model year of your vehicle., If you did not enter a model year, or you refinance a different vehicle, then your interest rate may change. Please contact iLending at (866) 683-5505 for a complete list of approval stipulations, terms and conditions and further information regarding your loan approval.
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.

Message From iLending

On average, our customers save $145* every month and $2,753 over the life of their auto loan.

Contact

About iLending Auto Refinancing

Availability

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

Feature Breakdown

Application Fee $0
No Late Fees
No Prepayment Fee
Origination Fee ($) $499
Credit Score Range 540 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
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
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Vehicle Type
  • Auto
  • Motorcycles
  • Boats
  • RVs
  • ATVs
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Approval Speed 24 hours
Customizable Payment Dates
Funding Time Range 7 - 14 days
Payment Options
  • Automatic Payments
  • Credit/Debit Card
Pre-Approved Soft Credit Inquiry
APR (Fixed APR) 3.74% - 22.00%
(Verified 09/15/2022)
Loan Term 12 - 84 months
Loan Amount $5,000 - $200,000

iLending Auto Refinancing Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +88, equating to 4.8 on a 5 point rating scale.

+88

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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