iLending vs RefiJet

Kaitlyn Short
Kaitlyn Short | Senior Editor

iLending and RefiJet are both in Best Company’s top three auto refinance companies, offering similar products and services to help consumers save more on their auto loan payments. 

As marketplace lenders, both companies connect borrowers with multiple lenders in their networks. Because iLending and RefiJet aren’t direct lenders, meaning they don’t originate, process, or fund loans in-house, they are able to serve a much wider range of credit levels.

The majority of customer reviews for both companies are positive, frequently highlighting reliable and positive customer service.

Continue reading for more information on iLending and RefiJet customer reviews.

iLending logo verified_user
#2 iLending
5.9 Overall Score
4.9
star star star star star
(142)
RefiJet logo verified_user
#4 RefiJet
4.5 Overall Score
3.9
star star star star star_border
(16)

Overview

iLending

Time in Business

16 Years

RefiJet

6 Years

Ratings

iLending

Overall Score
5.9 of 10
Review Score
4.9
star star star star star
Value for Money
4.9
star star star star star
Quality of Product or Service
4.9
star star star star star
Company Trustworthiness
4.9
star star star star star
Likely to Recommend
9.9 of 10

RefiJet

4.5 of 10
3.9
star star star star star_border
3.0
star star star star_border star_border
3.0
star star star star_border star_border
3.0
star star star star_border star_border
5.0 of 10

Reviews

iLending

Number of Reviews
142
Review Breakdown
4.9
star star star star star
5 star
95%
4 star
4%
3 star
0%
2 star
1%
1 star
1%

RefiJet

16
3.9
star star star star star_border
5 star
69%
4 star
0%
3 star
0%
2 star
13%
1 star
19%

Reviews for iLending

Helpful Favorable Review

star star star star star

Greg Waddell

March 20th, 2022

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Review Source

Take the chance on that piece of mail from iLending Direct. I never trust pamphlets that come in the mail or emails that say they can drop your payments but my wife wanted me to give them a shot. I looked them up and they have a great standing with the BBB and wouldnt you figure, it was the best decision i could of made when it comes to my car. Over 15% APR dropped and savings of over $200 a MONTH!!!!. My rep was named Chase so if you guys want help with your car payments and interest rates go this this guy!!!!!

Helpful Critical Review

star star star_border star_border star_border

Joseph Zajac

December 30th, 2021

check_circle

Review Source

I have some credit cards with debt and decided to try to get a personal loan that would combine that debt and make it easier to pay at a lower interest. I went with lending direct and was disappointed in the results and then bombarded like crazy with a bunch of emails and continual contacts. I didn't end up getting a personal loan and consolidating the debt in a better rate, but it was with a different company. I would recommend you shop around for various lenders and rates.

Reviews for RefiJet

Helpful Favorable Review

star star star star star

Tim McCoy

June 9th, 2020

My financial services rep, Alexandra E, was the best! She was quick to respond, had the right information available to answer my questions and made it easy to refinance my 2016 Honda. I will send all of my friends to her and RefiJet!

Helpful Critical Review

star star star_border star_border star_border

Randy Abernathy

July 23rd, 2020

Key to a transaction company is doing what you say you will. These guys got my refi done quickly and it wasn't too big a chore, but I had specifically noted that the title needed to be transferred from a California title to a Tennessee tile so I could license the bike. Despite assurances that I had completed all of the paperwork and the issue had been addressed, nothing was done. So I can pay for my bike, but I can't ride it.

The Final Word

Both iLending and RefiJet offer very similar products and services, and advertise similar amounts of monthly savings. But, if you have a high mileage vehicle and want lower rates, iLending may be the best auto refinance company choice for you.

Time in Business

If industry experience is an important factor for you when comparing companies, iLending would be your best choice when considering time in business. iLending has been in business for 15 years, while RefiJet has only been in business for 5 years.

While this isn’t necessarily a deal breaker, iLending is a well-established company in the auto refinance industry that has been serving consumers for a much longer time than most other auto refinance companies.

Starting Rates

Most auto refinance lenders have lower-than-average starting rates, since the point of refinancing is getting more favorable rates and terms on your auto loan. However, iLending’s starting rate is significantly low in comparison to other companies in the industry, and in this case, in comparison to RefiJet.

  • iLending starting rate — 1.99%
  • RefiJet starting rate — 2.49%

If you have an excellent credit score (700+) you have a much better chance of getting the lowest rate with any lender you choose, but if you have less-than-perfect credit you will likely receive higher interest rates and will not be eligible for the lowest offered interest rate.

Minimum Credit Score Requirement

iLending has a minimum credit score requirement of 560, while RefiJet has a minimum requirement of 580.

While both of those minimum credit scores are low, if you have bad credit or an unestablished credit history, you may be more likely to qualify for auto refinancing with iLending. But, in most cases, if you have poor credit, you will likely get a higher interest rate than borrowers with good to excellent credit (700+).

Vehicle Eligibility Requirements

Most auto refinance companies have specific and somewhat strict vehicle eligibility requirements for refinancing. In most cases your vehicle can be no older than 10 years, and your vehicle can’t exceed a certain mileage threshold.

While RefiJet doesn’t outline a mileage requirement, iLending will refinance vehicles with up to 150,000 miles, which is much higher than many other auto refinance companies. Thus, if you have a vehicle with high mileage, iLending could be the best choice for you.

Delay First Payment

One service that RefiJet offers, which iLending does not, is the option to delay your first payment on your refinanced auto loan. The delay period is typically between 30 and 45 days, after which payments must be paid regularly and on time.

Top Choice

iLending Logo
iLending

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