Overview
iLending
20 Years
Auto Approve
10 Years
Ratings
iLending
Auto Approve
Reviews
iLending
Reviews
Auto Approve
Reviews for iLending
Helpful Favorable Review
Greg Waddell
March 20th, 2022
Weston, WV
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
Joseph Zajac
December 30th, 2021
Hazleton, PA
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 Auto Approve
Helpful Favorable Review
Jo Dominique
February 14th, 2022
Seminole, FL
Review Source
I worked with Mike, he was so informative and very kind and got my auto loan approved so quickly and effortlessly. I’m satisfied and happy with the outcomes of my new low rates. I definitely recommend Auto Approve and would use them again!
Helpful Critical Review
The Final Word
Both iLendingDIRECT and Auto Approve offer similar auto refinancing services with positive customer ratings and reviews. Differences between the companies are minimal, although Auto Approve may get you quotes and refinancing faster than iLendingDIRECT. Both companies require borrowers to speak with a company representative at some point of the application and approval process.
Continue reading for differences between iLendingDIRECT and Auto Approve.
Time in Business
iLendingDIRECT has been in business for 14 years, versus Auto Approve with only four years under its belt. However, even though Auto Approve is a younger company comparatively, customers have been very satisfied with its service.
Application Process
Both companies have a similar application process that begins online with the borrower entering some of their personal and financial information. Auto Approve will immediately populate quotes from various lenders based on borrower information, whereas iLendingDIRECT requires borrowers to first speak with a company representative before providing quotes. The wait for this iLendingDIRECT representative phone call is generally short, and no longer than 24 hours, and the borrower should be prepared to discuss their financial goals and reason for auto loan refinancing, as well as other personal, financial, and vehicle information. This could be a long and tedious process for some borrowers who would like to see quotes quickly and easily after entering their information, and so in this case, Auto Approve would be a better option.
Verified Source of Income
Both iLendingDIRECT and Auto Approve require a borrower to have a verifiable source of income. This is a stiff requirement with iLendingDIRECT, but Auto Approve may work with unemployed applicants who can prove their ability to meet their monthly payment obligations.
Loan Terms
iLendingDIRECT does not disclose loan terms on its website, most likely because this may vary with each lender in its network. However, an Auto Approve loan term generally ranges from 12 to 84 months, as outlined on the Auto Approve website.
Additional Services
In addition to auto refinancing, both companies offer lease buyout services. iLendingDIRECT also offers student loan refinancing. If you are looking to refinance your student loans and an auto loan, iLendingDIRECT would be a good option, allowing you to do all refinancing in one place. However, it is important to note that iLendingDIRECT refinances student loans in partnership with College Ave, a private student loan lender.
