iLending Auto Refinance Loan Review 2025

iLending loan terms and requirements

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About iLending: a closer look

iLending works with a network of about 50 banks, credit unions and other lenders to provide auto loan refinancing. You can pre-qualify with more than one lender using a soft credit check, which won't affect your credit scores.

An iLending consultant calls to go over preliminary lender offers and can help with choosing the best one based on your goals, such as lowering your interest rate or reducing your monthly payment. Once you choose an offer, iLending submits your application for lender approval, which will result in a hard credit inquiry.

iLending promotes what it calls its You First ApproachTM, and online customer reviews seem to support the claim of client-first service. Positive reviews mention the helpfulness of having a dedicated iLending loan consultant to guide a borrower through the refinancing process.

When reviewing and rating auto loan aggregators, NerdWallet writers gather information about customer experience, transparency, loan affordability, loan requirements and flexibility. iLending scores high for flexible loan requirements, customer experience and transparency.

Among the auto loan aggregators we review, iLending is the only one with a perfect score for transparency. We base transparency scores on several factors, including what information — such as minimum credit score and history — an aggregator has on its website to help borrowers assess a loan product's fit before applying. The one category in which iLending scores lower is affordability, mainly due to its high administrative/document fee of up to $549.

Do you qualify for an iLending auto refinance loan?

Here are iLending's borrower requirements to qualify for an auto refinancing loan. Because iLending works with many different lenders, some requirements shown are the lowest and highest among all lending partners. Meeting these requirements doesn’t guarantee approval. Also, some lenders may be more flexible with requirements when taking into account an applicant's total financial picture.

Other iLending details

• Pre-qualification and preapproval. iLending offers pre-qualification with a soft credit check, and preliminary lender offers can be viewed online immediately. Once a loan is approved, the offer is good for 60 days.

• Upfront fees. Charges a fee of up to $549. This fee can be financed as part of the loan amount.

• Interest rate discounts. Less than half of iLending partners offer an APR discount for using automatic payment. Among the lenders that do offer a rate reduction, the amount can be up to 1%.

• Refinancing time restrictions. Will refinance as soon as the previous loan's paperwork is complete and the title can be transferred. Some lenders require at least three months remaining on the loan term to refinance it.

• Deferred payments. iLending offers deferred payments for up to 90 days at the beginning of a loan.

• Contacting iLending. During the application process, borrowers can reach iLending by phone, email, text, live chat and through a website form. Spanish-speaking agents are available by phone. Hours are Mon-Fri 6 a.m.-7 p.m. and Sat-Sun 8 a.m.-5 p.m. MT.

Back to About iLending

iLending may be a good fit for those who:

• Prefer the assistance of a refinancing expert. Applicants receive one-on-one assistance from a trained iLending consultant throughout the loan process.

• Want to compare auto refinancing rates. Applicants receive pre-qualified refinancing offers, including rate and payment estimate, without an impact to their credit scores.

• Want to refinance an older vehicle. iLending can match applicants to lenders without restrictions on vehicle age or mileage. Among lending partners that do have maximum age and mileage limits, the highest are 20 years and 300,000 miles.

Before you apply to iLending

Check your credit. You can get your free credit report on NerdWallet or at AnnualCreditReport.com. If you find errors, file a credit dispute to correct them before you apply for an auto loan.

Figure what monthly payment you can afford. Use an auto refinance calculator to determine what APR and repayment term you need to get monthly car payments that fit your budget. An auto refinance calculator also shows how much you can save by refinancing.

Gather your documents and information. iLending requires the following to submit an initial auto loan refinancing application: address, time at address, phone, email, citizenship status, birthdate, employment status, employer name, income, housing status, housing payment amount and basic vehicle information.

How to apply for an iLending auto refinance loan

Pre-qualify for a loan. You can pre-qualify for a loan on iLending’s website or by phone at 888-895-0087. iLending has the ability to pull some vehicle information if you provide your license plate number. Alternatively, you can provide vehicle details, such as make, model and condition, as well as car loan information. Pre-qualification won’t affect your credit scores.

Work with a loan consultant to choose a loan. If you pre-qualify, an iLending loan consultant will call you to review your initial loan offers from multiple lenders in its network. Your consultant will also discuss your refinancing goals with you and help you choose the appropriate lender based on those goals and your credit profile. When you select an offer, the consultant will help complete the necessary loan documentation and submit your application. At this point, the lender will complete a hard credit inquiry which may temporarily lower your credit scores. iLending has both English and Spanish-speaking loan consultants.

Back to About iLending

How do we review auto loan aggregators?

NerdWallet's review process surveys companies that offer any combination of new car purchase loans, used car purchase loans, auto refinance loans (traditional and/or cash-out) and lease buyout loans. These companies include direct lenders and aggregators; the latter group doesn't have in-house loan products but matches borrowers to third-party lenders within a network. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

Because aggregators are not the actual lender and servicing of the loan passes to the lender in most cases, NerdWallet focuses most heavily on the front end of the loan process. This includes level of service/support and transparency, with less focus on the actual loan product. In all, our survey for aggregators includes more than 60 data points. NerdWallet independently confirms product details and, when necessary, follows up with company representatives. At least two writers and an editor verify the facts for every lender review to ensure data are accurate.

To receive a star rating, an aggregator must respond to NerdWallet’s annual auto loans survey. Star ratings are then assessed from poor (one star) to excellent (five stars).

For more details about the categories considered when rating aggregators and our process, read our full methodology.