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iLoan personal loans review

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While it's no longer in business, you can apply through its sister company instead.

As of September 2018, iLoan has stopped servicing its loans. Things have moved over to its sister company, OneMain Financial. If you previously had an account with iLoan, your information will be transferred over and you should continue to make regular payments toward your loan.

If you were looking to borrow from iLoan, consider your options through OneMain Financial instead. Otherwise, compare other personal loan providers below.

$25,000

Max. Loan Amount

17.6% to 35.99%

APR

Details

Product NameiLoan
Min. Loan Amount$2,550
Max. Loan Amount$25,000
APR17.6% to 35.99%
Interest Rate TypeFixed
Loan Term2 to 5 years

First, am I eligible?

In order to be eligible for an iLoan personal loan, you must meet the following eligibility criteria:

  • At least 18 years old
  • US citizen

To determine your approval, iLoan will also consider your credit score, income, outstanding debts, loan amount requested and how you intend to use your loan funds.

Where is iLoan available

iLoan is available for borrowers in the following states:

  • Alabama
  • California
  • Delaware
  • Idaho
  • Illinois
  • Missouri
  • Nevada
  • New Mexico
  • Oregon
  • South Carolina
  • Utah
  • Wisconsin

Pros

  • No hard credit or income requirements
  • No prepayment penalties

Cons

  • Higher rates compared to other lenders
  • Origination fee and stiff late repayment fees
  • Low maximum amount

Compare other personal loan providers

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
4.99% to 35.99%
Fair to excellent credit
$100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona personal loans
4.99% to 35.99%
Good
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
Monevo personal loans
3.49% to 35.99%
None
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Even Financial personal loans
4.99% to 35.99%
550
$100,000
Get connected to competitive loan offers instantly from top online consumer lenders.
Upgrade personal loans
7.99% to 35.97%
600
$35,000
Affordable loans with two simple repayment terms and no prepayment penalties.
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Compare up to 4 providers

How do I apply?

Applying for an iLoan personal loan can be done in three easy steps:

  1. Go to iLoan’s website and click Apply Now.
  2. Complete the application with your personal and financial details as well as the purpose of your loan.
  3. Upload the required documents through the Documents tab on the account page.

What information do I need to apply?

As you complete your application, you will need to submit personal and financial information that includes:

  • Valid government-issued ID
  • Your checking account details
  • Proof of your income
  • Proof of your residence

What happens after I apply?

If approved, iLoan will send you a loan proposal with terms and repayment options suited to your budget.

How do repayments work with iLoan?

You’ll be on the hook for monthly repayments based on the term laid out in your loan documents. You can set up your payments through iLoan’s Account Home to pay online. You can also make a payment over the phone or by mailing a check. If you’re interested in paying off your loan in full before its due date, you can call iLoan to get your payoff amount.

If you have any questions or are worried about missing a repayment, call iLoan’s customer service line.

See how iLoan compares to the competition with our guide to personal loans.

Frequently asked questions

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