iLending Auto Loan Refinance Review 2026

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Is iLending good for auto refinancing?

iLending is a great choice for refinancing your car loan. iLending isn’t a lender itself, but it will assign a dedicated loan consultant who will remain your point of contact throughout the process. The consultant will help you apply for and review offers from multiple lenders in the iLending network.

Most importantly, iLending is one of the best auto loan refinance companies for bad credit, accepting borrowers with scores as low as 560 at select lenders within its network.

We also like iLending for its payment-skip feature. Depending on the lender you’re matched with and your specific refinance details, you may be able to skip payments for as long as 90 days. (Note: Interest will continue to accrue.)

Rates, terms, and more

Here’s a breakdown of important loan details when refinancing with iLending:

Rates	4.99% – 19.24%
Loan amounts	$5,000 – $150,000
Repayment terms	12 – 96 months
Closing costs	Not disclosed*
Availability	50 states + Washington, D.C.
Min. credit score	560
Min. credit history	6 months + 1 existing credit account
Min. income	$1,500 per month

iLending reviews

While iLending’s rates and terms look good on paper, it’s important to consider what actual past customers have to say about refinancing, particularly when it comes to customer service, hidden fees, and ease of repayments. In this instance, customers have had overwhelmingly positive experiences with iLending.

This table shows iLending’s current star ratings at major review sites:

One common thread across reviews: Customers mentioned loan consultants by name and thanked them for their help. This speaks to iLending’s differentiator; the lending network has a “You First Approach” built upon a one-on-one relationship with a dedicated loan consultant. The success of that approach shows in the reviews.

How do car loan refinances from iLending work?

While iLending doesn’t issue loans itself, the online loan marketplace works with a network of banks, credit unions, and online lenders to help you find the lowest rates for an auto loan refinance. Your dedicated loan consultant will help you through the full auto loan refinance process.

Who’s eligible?

iLending’s auto loan refinances are available to most borrowers; among its network of lenders are financial institutions willing to work with borrowers whose credit scores are as low as 560. (Typically, a FICO score of 580 or below is considered bad credit.)

Here’s a more detailed look at who is eligible for iLending refinancing:

• Minimum credit score: 560
• Minimum credit history: 6 months + 1 tradeline
• Minimum income: $1,500 a month

The vehicle you’re refinancing also matters:

• Maximum vehicle age: 10 years
• Maximum mileage: 150,000 miles
• Minimum loan amount: $5,000

How to apply for an auto loan refinance with iLending

Applying online with iLending only takes a few minutes, and the initial prequalification check does not affect your credit score. Once you apply, you’ll be matched with a loan consultant, who will connect with you to understand your goals, such as:

• Reducing your monthly payment
• Lowering your interest rate
• Lowering the overall cost of the loan
• Removing someone from the loan
• Skipping a payment temporarily

With that info, the loan consultant will help match you with the right lender. They’ll then guide you through all the necessary documentation needed to complete the application, at which point you should anticipate a hard credit inquiry.

Assuming you’re approved, you’ll review the new loan details and sign.

How to repay iLending

You won’t repay your car loan refinance through iLending. Rather, iLending connects you with a lender; once approved, you’ll set up repayments through that lender’s specific platform.

Is iLending legit?

Yes, iLending is a legitimate online marketplace for shopping for the best auto loan refinance companies. Founded in 2006 as Fleet Financial, originally focused on fleet vehicles for companies, it expanded to auto loan refinancing for everyday drivers following the financial crisis of 2007 – 2008.

The company is headquartered in Denver, Colorado, with additional offices in Austin, Texas, and Columbia, South Carolina. iLending is accredited by the Better Business Bureau, where it currently holds an A+ rating.

Other refinances available through iLending

While iLending is primarily known for its auto loan refinances, you can refinance other types of vehicle loans, including:

• Motorcycles
• RVs and campers
• Boats and other watercraft
• ATV and powersport vehicles

Pros and cons

Pros

• Available with bad credit

  Borrowers with fair or even poor credit may qualify for an auto loan refinance through iLending. The online refinance marketplace can match you with lenders willing to accept borrowers with scores as low as 560.

• Dedicated loan consultant

  iLending pairs you with a dedicated loan consultant who will walk you through the entire process and be your sole point of contact. This streamlines the process and makes it feel more personal.

• Network of banks, credit unions, and online lenders

  iLending works with a large network of lenders to find you the best rate for your auto loan refinance. Because of its large network, iLending can offer low auto refinance rates. (These rates are only for the most qualified borrowers.)

• Clear eligibility requirements

  Unlike many other lenders and loan marketplaces, iLending is incredibly clear about its eligibility requirements, including minimum credit score and income requirements.

• Positive customer reviews

  Across major review sites, iLending has a positive reputation. Customers on Trustpilot, ConsumerAffairs, and the Better Business Bureau overwhelmingly praise iLending for its excellent customer service.

Cons

• No new car loans

  iLending specializes in auto loan refinancing. If you’re hoping to buy a new-to-you car, consider one of these best car loans instead.

• Fees not disclosed

  Though iLending doesn’t charge an application or origination fee for its car loan refinances, it does charge other fees, including admin/doc fees, whose amounts aren’t disclosed. While these fees can vary by lender, they may exceed $500, making refinancing less attractive, especially for smaller loan amounts.

• $5,000 minimum loan amount

  Some auto refinance companies allow you to refinance as little as $3,000, but the minimum loan amount with iLending is $5,000. If you don’t owe that much on your car loan, you won’t be able to refinance through iLending’s network.

Alternatives to iLending

While iLending is a great way to explore multiple auto loan refinancing options and choose the best rate or monthly payment for your needs, it’s not the only choice you may be considering.

Here’s how iLending stacks up against three of our other picks for the best auto loan refinance:

iLending vs. CarsDirect vs. LendingTree

iLending and LendingTree both help borrowers refinance auto loans through a network of lenders and offer soft-credit prequalification. iLending stands out for its hands-on support through a dedicated loan consultant, which can be especially helpful if you have fair or challenged credit.

CarsDirect, on the other hand, primarily connects buyers with dealerships rather than focusing on auto loan refinancing. If your goal is to refinance, iLending or LendingTree is the more relevant choice.

How we rated iLending

We designed LendEDU’s editorial rating system to help readers find companies that offer the best auto loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared iLending to several auto loan and refinance lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.

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