Written by:Casey Newton

iLending Review

Overview

The online marketplace called iLending has been founded back in 2006 which makes it one of the most experienced such platforms on the market. Its auto loan refinance services are available in all 50 states and the company is headquartered in Englewood, CO. It comes with a lot of benefits, personalized client support, and the possibility to save up to $145 per month according to the official website. Here is what you should know in case you are looking for an auto loan refinancing option.

iLending at a Glance

Editorial Score 4.3

Online Experience 4.5

It has tools, resources, and a simple application procedure.

Loan Types 3

iLending only provides vehicle and motorcycle refinancing.

Eligibility 4.5

Its eligibility requirements are not that severe but credit scores below 560 are not recommended.

Client Support 5

The platform has a professional, varied, and trustworthy client support system.

Repayment Flexibility 4.5

The repayment terms vary depending on each direct lender but they are usually between 12 and 84 months.

Who is it suitable for?

iLending is a very good option for people who prefer getting an auto loan refinance from the comfort of their own home, without having to compare numerous lenders manually or visit physical branches. Its network includes some of the best national lenders which can offer clients loan offers that will suit their financial situations and goals. Plus, if you want to also benefit from professional customer assistance and some educational resources, the official iLending website offers this too.

Features

The iLending marketplace offers the possibility to pick the best auto loan refinance options coming from multiple lenders around the country. The platform is available in all 50 states and offers the chance to obtain a good deal without even moving from your couch and without wasting any time searching through lenders manually. Besides this, the official website is full of interesting resources in the form of guides and articles as well as car refinance calculators, savings testimonies, and a thorough FAQ page. Last but not least, using the platform is completely free of charge and any fees that you might have to pay will go to the direct lender of your choice, not the iLending platform.

Application Process

The online form that you will have to fill out only takes a few minutes of your time. Keep in mind that iLending is not a direct lender and that by gathering your data, the platform can offer you the best auto loan refinance deals from its portfolio of lenders:

·        Fill out the application form on the official website;

·        Agree with the terms of service and make sure that you insert your correct data;

·        You will be asked both personal and loan-related questions;

·        Once the form has been completed and sent, your application will be processed;

·        You should find out whether it has been accepted or denied within 24 hours;

·        If you have been accepted, a loan specialist from the company will contact you with further details.

Loan Types and Terms

The iLending platform offers auto loan refinancing for all sorts of vehicles like boats, RVs, ATVs, and motorcycles. The repayment terms for the loans that you will be presented with vary from 12 to 84 months. The APY rates usually start at around 1.99% and you are required to have a minimum credit score of 560 to be accepted. The amounts that one can borrow start at $7,500 and can go as high as $80,000 or even more. Keep in mind that these details are general as each of them depends on the direct lenders of your choice and your own loan situation.

How Safe Is It?

The iLending official website has a lot of client testimonies that are praising its services. Plus, it has an A+ rating from the Better Business Bureau and 4.7 stars out of possible five on TrustPilot. Besides this, the website uses industry-standard protocols to keep your data safe, doesn’t sell your information, and has technologically-advanced protection systems. Besides this, there haven’t been any serious complaints about this company and most former and current clients praise its support system, the streamlined application process, and the team’s professionalism.

Help & Support

In case anyone wishes to contact iLending with any sort of issue or to simply find out more about its services, they can do so by calling (866) 683-5505 for English language support or (720) 443-4726 for Spanish language support. The working hours are Monday to Friday from 6 Am to 8 PM MT, on Saturday from 8 AM to 4 PM MT, and on Sunday from 10 AM to 3 PM MT. Other forms of contact include a contact form that you can fill out and wait for someone to get back to you with a solution and the possibility to visit one of its three physical offices. iLending also has multiple social media channels that you can follow if you want to always be updated. Last but not least, the FAQ section of the official website can be very helpful in answering the most basic questions about auto loan refinancing and other details.

Summary

To wrap it all up, iLending is clearly a serious and experienced online auto loan refinancing marketplace for people who want to obtain good quotes while staying at home. The entire application process is done online and it only takes a few minutes. Its lender network is varied and includes some of the best auto loan lenders in the country. Finally, the platform is free to use and has multiple contact options, educational resources, tools, and a professional team that is willing to assist you every step of the way.

Physical Address

7257 S. Tucson Way, Englewood, CO 80112