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  Innovative Funding Services (IFS) Auto Refinance

Innovative Funding Services (IFS) Auto Refinance

in Auto Loan Refinancing from Innovative Funding Services

Unaffiliated

Innovative Funding Services (IFS) Auto Refinance

Unaffiliated

in Auto Loan Refinancing from Innovative Funding Services

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Strongly not recommended

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Highlights
Highlights
Community Rating Strongly not recommended
Credit Score Range 500 - 850
APR  (Fixed APR) 2.49% - 23.99%
Loan Term 36 - 84 months
Loan Amount $5,000 - $100,000

Innovative Funding Services (IFS) Auto Refinance Review

Innovative Funding Services (IFS) Auto Refinance is an auto loan refinance offering by Innovative Funding Services, a marketplace lender based in Austin, TX. Founded in 2007, Innovative Funding Services offers auto refinance loans in 50 states (and Washington, DC).

How much can you borrow via Innovative Funding Services (IFS) Auto Refinance?

Auto refinance loan amounts start at $5,000 and go up to $100,000.

What are the auto loan refinancing rates offered through Innovative Funding Services (IFS) Auto Refinance?

Innovative Funding Services (IFS) Auto Refinance offers a fixed APR auto loan refinancing product that ranges from 2.49% APR up to 23.99% APR.

What is the maximum loan term you can get with Innovative Funding Services (IFS) Auto Refinance?

Innovative Funding Services (IFS) Auto Refinance offers auto refinancing with terms ranging from 36 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 Innovative Funding Services (IFS) Auto Refinance charge an origination fee on auto refinance loans?

No, Innovative Funding Services (IFS) Auto Refinance 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 Innovative Funding Services (IFS) Auto Refinance charge a late fee?

Yes, auto refinance loans via Innovative Funding Services (IFS) Auto Refinance are subject to late payment penalty fees.

Does Innovative Funding Services (IFS) Auto Refinance charge prepayment fees?

Yes, Innovative Funding Services (IFS) Auto Refinance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment feees can reduce or even cancel the interest savings of repaying a loan early.

What are the key eligibility criteria for Innovative Funding Services (IFS) Auto Refinance auto loan refinancing?

Applicants with a credit score of at least 500 can apply for a loan via Innovative Funding Services (IFS) Auto Refinance. 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
  • Proof of income

What is the maximum mileage to refinance with Innovative Funding Services?

Innovative Funding Services 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 Innovative Funding Services?

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 Innovative Funding Services (IFS) Auto Refinance?

Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 0 to 1 days of approval.
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About Innovative Funding Services (IFS) Auto Refinance

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  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

No Origination Fee  
Minimum Age 18
Credit Score Range 500 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income $18,000
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Maximum Vehicle Age 10
Maximum Mileage 150,000
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Cosigner
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $5K - $100K
Loan Term 36 - 84 months
APR (Fixed APR) 2.49% - 23.99%

Innovative Funding Services (IFS) Auto Refinance Community Reviews

 
 

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