Best Reviews TopConsumerReviews.com Best Auto Loans Best Reviews
Best Reviews
      November 13, 2018

Home  >  Auto Loans  >  Road Loans vs iLoan

Best

Auto Loans

  1. LendingTree
  2. LendingClub
  3. My Auto Loan
  4. Cars Direct
  5. Road Loans
  6. Automotive
  7. Auto Credit Express
  8. OneMain Financial
  9. iLoan
  10. USAA
  11. Instant Car Loan
  12. Web 2 Carz

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Worry Free Car Care Manual Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Coffee Clubs

Dog DNA Testing

Flower Delivery

Guitar Lessons

Lice

Menopause Relief

Online Stock Brokers

Watches

 

Individual Reviews

CARCHEX

Lending Tree

LendingClub

My Auto Loan

Cars Direct

Road Loans

Automotive

Auto Credit Express

OneMain Financial

iLoan

USAA

Instant Car Loan

Web 2 Carz

 

Related Articles

Are Auto Loans Through A Car Dealer A Good Idea?

Auto Loans Versus Auto Leases

How Much Car Can You Afford?

How Your Auto Loan Can Be Affected By Your Credit Rating

What To Look For When Shopping For An Auto Loan

 

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

Better Business Bureau Reliability Seal

Road Loans vs iLoan

Best Auto Loans

To help you find the Best Auto Loans, TopConsumerReviews.com provides you with an in-depth comparison of Road Loans and iLoan.

To see ALL of our reviews for the Best Auto Loans, please Click Here

Finding an auto loan is no longer limited to what your current bank will offer or what the dealer brings to the table. You can take control of your next auto loan terms by shopping online for the best deal available. Several auto loan companies post the most competitive auto loan rates online to attract your business.

In today's economy, may people have less than perfect credit. Many companies offer car loans to those who have suffered bankruptcy, late payments or a low credit score. By researching and finding the best auto loan, you'll potentially save hundreds to thousands of dollars each year in payments and interest over other auto loans.

Continue reading below reviews

Best Reviews

2018

Auto Loans Reviews

4 stars
Road Loans

ROAD LOANS Visit Site

BBB Rating:

A+

Road Loans is a very good place to find an affordable auto loans for your next car. With a streamlined interface and fast response, they deliver good quality loan options for your consideration.

Road Loans is a Dallas, Texas based auto loan company that's been in business since 1995. They currently hold an A+ rating with the BBB. Road Loans is a direct-to-consumer lender and they provide financing for new cars, used cars, or vehicle refinancing. Their auto loan programs are flexible enough for all types of credit scores and all makes and models of cars.

The Road Loans website is an great resource for your car financing needs. You can get educated on credit scores, calculate a payment, order credit reports, download apps and more.

Often the car buying process starts with the financing - and Road Loans gets that. With the streamlined Road Loans interface you can apply for the auto loan online, wait 30 seconds for approval, go to a dealer, pick-out the car and sign the papers.

There's no sitting at a dealership and stressing that your auto loan will not go through after you've spent hours selecting a car you thought you could afford. The list of dealers that Road Loans works with is extensive. We found an abundance of relationships with many of the major dealers in several cities.

For any type of car loan the process is simple:

  • Update the application with the auto loan type, contact information, employment information, social security number and more.
  • After approximately 30 seconds you'll have an email response from Road Loans with your auto loan approval status.
  • Next you'll receive a follow-up phone call from Road Loans to discuss any specific information.
  • Finally, Road Loans will issue payment to the auto dealer, finance company, or individual as needed.

We liked the flexible and customer friendly auto loan options available at Road Loans. We also liked the hassle-free loan process that Road Loans uses when buying a new or used car.

Overall, Road Loans has built a top quality website that streamlines the car loan experience. If you're in the market for a car loan, Road Loans is worth your consideration.

Visit Site

2.5 stars
iLoan

ILOAN Visit Site

BBB Rating:

A+

iLoan aims to make the borrowing process simple and transparent. They do not have any loans that are specifically for buying a car; rather, applicants take out a personal loan that can be used for whatever they need. These loans do have a maximum amount of $25,000, so keep that in mind if you're looking for financing for a vehicle that costs more.

All loans funded by iLoan are backed by their parent company, OneMain. OneMain has an excellent reputation spanning more than 100 years and is an accredited, A+-rated business with the BBB.

iLoan is true to its commitment of making the borrowing process easy and open. To start, you'll need to select the purpose of your loan (most likely "other", since "auto loan" isn't one of the options in the dropdown box) and the desired amount. From there, you'll be asked to provide your personal information: name, proof of residence, income, and identity, and bank account details. iLoan also has a free service called Instant Verification: if you grant them secured access to your bank account, they can verify your income that way instead of asking for pay stubs or W2s. This may speed up the processing of your auto loan application, though most iLoan borrowers report that their applications are processed in an hour or less, with funding being completed on the next business day.

Independent customer reviews do confirm that iLoan processes loans quickly, and many people seem grateful to have found a lender that will give them the money they need. They also have many compliments for iLoan's customer service representatives: "patient", "knowledgeable", and "helpful" are the most-used words to describe them.

On the other hand, interest rates at iLoan tend to be much higher than other lenders'. We do appreciate that the company is very upfront with their rates, which range from 11.24% to 36.00%. Your auto loan offer, including the interest rate and other terms, will depend on your particular borrower profile, such as your credit history and monthly income.

iLoan also comes up short when it comes to their service area: at the time of our review, they were only operating in 12 states (Alabama, California, Delaware, Idaho, Illinois, Missouri, Nevada, New Mexico, Oregon, South Carolina, Utah, and Wisconsin). Unless you live in one of those states, iLoan won't be able to provide you with an auto loan.

While we appreciate iLoan's reputation (through OneMain), it's not quite enough to make up for high interest rates and a service area that only covers a fourth of the United States. For customers needing an auto loan, chances are good that they'll find better rates with one of the higher-ranked lenders in our review.

Visit Site

Continued from above

However, not all auto loan companies are the same. There can be wide differences in the features and auto loan terms that they offer.

Before you apply for your next auto loan, consider the following important factors:

  • Application Process. What is the process of applying for the auto loan?
  • History. Does the auto loan company have a history of pleasing the customer and using quality business practices? How do they rank at the Better Business Bureau?
  • Focus. What type of auto loans do they offer? Are their auto loans geared for all levels of credit?

TopConsumerReviews.com has reviewed and ranked the best Auto Loans available today. We hope these reviews help you find the most affordable loan available for you!

What Is A Good Credit Score For A Credit Card, Mortgage Or Car Loan

If you've ever gotten a credit card or taken out a loan for a car or a house, that means someone has decided you have a good enough credit score to borrow money. But what exactly is a credit score An...

Published:  Mon, 12 Nov 2018 10:29:00 GMT



Chase Auto unifies marketing, direct lending

an online car shopping and financing platform. In February, Chase's auto finance segment changed its name from Chase Auto Finance to Chase Auto to more broadly define its auto business. "A number of o...

Published:  Sun, 11 Nov 2018 21:11:00 GMT



Mobile Apps Become New Battleground for Auto Lender Customer Satisfaction, J.D. Power Finds

COSTA MESA, Calif., Nov. 12, 2018 /PRNewswire/ -- A well-designed mobile app has become one of the most critical drivers of customer satisfaction with auto lenders. According to J.D. Power 2018 U.S. C...

Published:  Mon, 12 Nov 2018 04:00:00 GMT



Peer to Peer Lending Platform Kuflink Boosts Interest Rates on ISA and Auto Invest Products

Peer to peer property lender Kuflink has increased their interest rates on both the Innovative Finance ISA (IF ISA) and their auto-invest products. The investment platform says their 1, 3 and 5-year f...

Published:  Mon, 12 Nov 2018 03:33:00 GMT



French car-pool app Blablacar branching into bus lines

PARIS (Reuters) - French car ride-sharing app Blablacar said on Monday it had offered to buy Ouibus, a bus operator owned by state rail firm SNCF, in the first major departure from its digital ...

Published:  Mon, 12 Nov 2018 10:16:00 GMT



Your Money: A crash course in new car finance

Personal Contract Plans, (PCPs) are "complex financial products" and poorly understood, according to new research from the ESRI. The think-tank asked consumers if they knew how the car finance plans o...

Published:  Sun, 11 Nov 2018 03:00:00 GMT



House panel could shift auto finance stance

With Democrats gaining control of the House of Representatives in last week's midterm elections, a new chairman of the House Financial Services Committee with views radically different from her predec...

Published:  Sun, 11 Nov 2018 21:11:00 GMT



Minnesota sees rise of payday loan alternatives

There are at least five credit unions in Minnesota that already make small-dollar or auto loans to people wouldn't normally quality for a loan. MidMinnesota Federal Credit Union in Brainerd has made n...

Published:  Sat, 10 Nov 2018 09:53:00 GMT



Student loan repayment assistance increases among employers

"If an individual has student loan debt, it's very likely that there is going to be long term effects," she said. "For example, your credit rating could be negatively impacted. You might be unable to ...

Published:  Mon, 12 Nov 2018 09:10:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure