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iLendingDirect car loan refinancing review

Low interest rates set this connection service apart.

Bottom line: With positive customer reviews and low starting interest rates, iLendingDirect is one of the better connection services we’ve seen. But it’s still vague about some important details. Read our full review.

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As low as 2.14%



APRAs low as 2.14%
Interest Rate TypeFixed


  • Accepts older vehicles with under 150,000 miles
  • Positive customer reviews
  • Extremely low starting APR of 2.14%


  • Not a direct lender
  • No financing options for new or used purchases
  • Limited information about costs

Review by

Kellye Guinan was a financer writer for Finder, covering everything from loans from auto to personal to business finance.

Expert review

If you’re ready to refinance your car loan, iLendingDirect can help you find a new lender — potentially lowering your interest rates or monthly payments. The lenders in its networks offer some of the lowest interest rates around, and refinancing is also open to borrowers with bad credit.

It’s also one of the few refinancing services that accepts older vehicles with higher mileage.

But you’re unlikely to qualify for the most competitive interest rates if you don’t have good to excellent credit — typically a score of 670 or higher. Some of details about loan options are also vague, so compare iLendingDirect with other options to determine what’s best for you.

iLendingDirect rates, fees and terms

There’s no cost to use iLendingDirect to find a lender for refinancing your car. It may also be able to connect you with a lender that can help you buy a leased car or a company car. But there aren’t specific details on the process.


Lenders in iLendingDirect’s network offer interest rates as low as 2.14%. However, it’s not clear what terms you could be offered or what the maximum interest rate and common fees are.

When you compare new car loans against your current loan check the monthly payments against your budget, as well as total cost to be sure refinancing will save you money.

Gap insurance and vehicle service contracts

Gap insurance and vehicle service contracts are also offered through lenders in iLendingDirect’s network.

Determine if these add-ons are right for you before agreeing. And remember: they’re optional. You don’t need to agree to gap insurance or a vehicle service contract to refinance your car loan.

iLendingDirect requirements

While iLendingDirect lists a few requirements, each lender may have additional criteria you need to meet to qualify for refinancing.

Personal requirements

The only set requirement to qualify for refinancing through iLendingDirect is to have a credit score of 560 or higher.

Vehicle requirements

Your vehicle must meet these criteria to qualify for refinance:

  • Loan balance of $7,500+
  • Model year of 2009 or newer
  • Less than 150,000 miles
  • Loan-to-value ratio of 80% or less

How the application works

Get started online in only a few minutes. Like other lenders, you’ll need to provide contact information and details about your vehicle, including its make, model and year. You’ll also need to provide your current loan balance and the amount you pay each month.

After you submit your information, an iLendingDirect representative will reach out to help you through the rest of the process.

In most cases, iLendingDirect should be able to finalize your loan options within a few business days.

How iLendingDirect compares to other lenders

See how iLendingDirect stacks up against direct lenders and other connection services.

1 - 6 of 6
Name Product Filter Values Minimum credit score APR Loan term Requirements
LendingClub Auto Refinancing
Fair or better credit
2.99% to 24.99%
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
Lower your monthly car payments and save on interest through a fast and easy online application process.
Ally Clearlane
3.74% to 13.49%
3 to 7 years
Monthly income of $2,000+, live in an eligible US state, ages 18+
SuperMoney Auto Loan Refinancing
Varies by lender
Car must be less than 10 years old with fewer than 150,000 miles. Fair to excellent credit, an income source, US Citizen or Permanent Resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
Good to excellent credit
Starting at 1%
1 to 20 years
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
3.49% (as low as)
1 to 6 years
18+ years old, US citizen or permanent resident
A car loan connection service for borrowers looking to refinance.
RateGenius Auto Loan Refinance
3.09% (as low as)
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
Connect with a network of over 150 lenders to refinance your car loan.

Compare up to 4 providers

iLendingDirect reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 4.78 out of 5 stars, based on 612 customer reviews
BBB customer complaints 45 customer complaints
Trustpilot Score 4.7 out of 5 stars, based on 118 customer reviews
Customer reviews verified as of 03 March 2021
Customer reviews compliment iLendingDirect on its customer service and professional attitude. Many people report being pleased with the reduction to their overall interest rates.

And while there are some complaints about increased costs due to gap insurance and other optional products, representatives from iLendingDirect provided unique and specific answers to each complaint.

What sets it apart

Because iLendingDirect isn’t a direct lender, it partners with banks and credit unions to help you find a good alternative to your loan. Although its services are limited, many of its reviews are happy with their lower rates — similar services don’t receive such glowing praise.

It’s also one of the few connection services that will walk you through the refinancing process. And it services a wide variety of people.

You could qualify for refinancing even if you have bad credit. If you have good credit, you could be eligible for rates under 5%.

Is iLendingDirect legit?

Yes, iLendingDirect is a legitimate connection service. Its privacy policy is clear on what information it collects and shares. Like other connection services, it will need to share your personal and loan details with the lenders in its network.

But unlike other connection services, it has an active Facebook page, ranks in the top three of LendingTree’s customer satisfaction and has positive reviews on its BBB page.

Frequently asked questions

Our answers to common questions about iLendingDirect.

Can I refinance my motorcycle or boat?
Yes. There are loan refinancing options available for these vehicles:

    • Motorcycles
    • Boats
    • RVs
    • ATVs

How does the lease buyout process work?
Unfortunately, iLending isn’t clear about how buying out your lease works. For more information, reach out to iLendingDirect’s customer service team.

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