Best Reviews TopConsumerReviews.com Best Auto Loans Best Reviews
Best Reviews
      June 18, 2019

Home  >  Auto Loans  >  iLoan Review

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

Cruise Vacations

Dental insurance

Fruit Baskets

Government Grants

Learn to Read Programs

Menopause Relief

Online Fitness

Paid Surveys

Personal Trainers

Pet Meds

 

Individual Reviews

CARCHEX

LendingTree

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

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

iLoan Review

Best Auto Loans

To help you find the Best Auto Loans, TopConsumerReviews.com provides you with an in-depth iLoan Review.

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

2019

Auto Loans Reviews

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!

Car Buyers' Best Cost-Saving Move: Shop for a Loan First

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn't influence our ...

Published:  Tue, 11 Jun 2019 15:17:00 GMT



An update on the auto finance boom

Wednesday brought with it a profit warning for Pendragon, the biggest car retailer in the UK. Part of the problem was unsold used cars. From the FT this morning: Pendragon had £458m worth of used ...

Published:  Wed, 12 Jun 2019 05:25:00 GMT



KBRA Releases Monthly Auto Loan Indices for May

Kroll Bond Rating Agency (KBRA) releases its Auto Loan Indices for the month of May and reports on delinquency roll rates from asset-level disclosures. Servicer reports in May showed credit ...

Published:  Fri, 14 Jun 2019 12:46:00 GMT



Moody's assigns definitive rating to Auto Loan ABS Program 1906 Series

We brought you to this page based on your search query. If this isn't what you are looking for, you can continue to Search Results for "" The maximum number of items you can export is 3,000. Please ...

Published:  Wed, 12 Jun 2019 19:11:00 GMT



City Council Finance Committee rejects $3.7M settlement offer stemming from 2014 River North car crash

The City Council's powerful Finance Committee rejected a multimillion-dollar legal settlement largely intended for a young woman left paralyzed after a dramatic 2014 car crash, in an unusual vote ...

Published:  Tue, 11 Jun 2019 14:35:00 GMT



Krungsri Auto asserts leadership in private car financing Announcing three-year compound annual growth rate of 25% and accelerating digital strategy

Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, asserts its position as the category owner of private car financing market with Krungsri Rod Baan achieving the compound annual ...

Published:  Sun, 16 Jun 2019 19:58:00 GMT



How to Refinance Your Car Loan

You may be completely happy with your current car loan. It may be easy to make your monthly payments. Perhaps you received a fantastic interest rate when you first took out your loan. But maybe you're ...

Published:  Tue, 11 Jun 2019 21:45:00 GMT



Phoenix Financial Solutions, Inc. integrates with BillingTree and Car-Ware to provide loan servicing to BHPH dealers in Ohio & beyond

PHOENIX, AZ (June 11, 2019) - Phoenix Financial Solutions, Inc., a provider of loan servicing and debt collection services to auto dealers, has announced an integration with leading payment technology ...

Published:  Tue, 11 Jun 2019 21:14:00 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