TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

iLoan Review

We recommend

 

Disclosure: 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.

 

ILOAN

If you prefer to take out a personal loan with a company that services your account directly - rather than matching you with a lending network - iLoan might be worth considering. Backed by well-known lender OneMain, iLoan enjoys a long history of reputable service to borrowers. However, do be aware that if you already have a loan through OneMain, you won't be able to apply for a new loan through iLoan until at least 15 days after you've paid off the first loan.

You'll find iLoan's application process to be very straightforward. First, select the purpose of your personal loan - adoption, auto repairs, and so forth - and the desired amount. Then, provide basic personal information, such as banking details, and proof of identity, residence, and income. If you'd like to increase your chances of being funded quickly, take advantage of iLoan's Instant Verification service. This free option uses your banking information to give iLoan an immediate picture of your income, rather than having to submit pay stubs or W2s and can speed up the time it takes to approve your personal loan. Whichever route you choose, most applications for personal loans get processed in 60 minutes or less, with funds being transmitted on the following business day.

Compared with other sources of personal loans, iLoan does have an overwhelmingly positive set of customer reviews. Borrowers have great things to say about the helpful loan officers and other customer service representatives, the speed at which loan applications are processed, and the overall experience of working with iLoan.

However, for customers who are months or years into the repayment schedule, the comments tend toward the negative. iLoan is very upfront with their interest rates, which are definitely higher than many of the lenders we reviewed: expect an interest rate somewhere between 11.24% and 36.00%, depending on your particular credit score, income, and other personal details. You won't know your interest rate until you complete the application process, but customers seem to fall on the higher end of the scale more often than not. You may also get a lower interest rate if you live in Wisconsin and would like to offer your automobile as collateral.

When it comes to iLoan's service range, it is much smaller than most sources of personal loans: Alabama, California, Delaware, Idaho, Illinois, Missouri, Nevada, New Mexico, Oregon, South Carolina, Utah, and Wisconsin. If you don't live in one of those 12 states, iLoan will not be able to fund your personal loan.

Overall, iLoan enjoys a solid reputation with a parent company (OneMain) that has a long track record in the lending industry. But, because iLoan's service area is so small and their personal loans carry such high interest rates compared with other lenders in our review, you might need to consider a higher-ranked service to get the most ideal terms for your individual situation.

Visit Site >


Personal Loans

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

Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.

Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.

No matter where you borrow money from, before you get your next personal loan you should consider the following:

  • BBB rating. Does the lending company have a solid history of doing good business with its customers?
  • Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
  • Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?

TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!



Personal Loans In The News

Bank of Little Rock Mortgage-They give personal service & have a loan that is right for you(061118)

After years of collective experience working in mortgage banks throughout the region, the future founders of Bank of Little Rock Mortgage knew there had to be a better way. And in 1998, they created one with the launch of Bank of Little Rock Mortgage.

Published:  Mon, 18 Jun 2018 13:55:00 GMT



Centreville fire victims eligible for disaster loans

Homeowners and renters are eligible for loans of up to $40,000 to repair or replace damaged or destroyed personal property. Interest rates are as low as 1.938 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by ...

Published:  Mon, 18 Jun 2018 14:00:00 GMT



Tanzania: Why Tanzanian Banks Now Banking On Personal Loans for Profit

Dar es Salaam - The share of personal loans to commercial banks' total credit to various economic activities is on the rise as lenders shift to salaried workers to increase their profits amid declining yields on government securities. The Bank of ...

Published:  Tue, 29 May 2018 02:41:00 GMT



Avoiding dangers of personal loans

Personal loans can be a quick fix for people who need cash in a flash. But with the promises of a nearly instantaneous money infusion, people can be biting off more than they can chew and not even realize it until it is too late. According to www ...

Published:  Fri, 20 Apr 2018 06:17:00 GMT



Ujjivan to offer personal loans, two-wheeler loans

"Last year, we were pre-occupied in addressing the challenges posed by demonetisation. There is no baggage this year and we would now like to take off," Ghosh told ET. Ujjivan Small Finance Bank is all set to begin two-wheeler financing and personal loans ...

Published:  Fri, 11 May 2018 01:03:00 GMT



Conway's husband shares link to FEC rules on personal loans after Giuliani admits Trump paid back Cohen

The husband of White House counselor Kellyanne Conway Kellyanne Elizabeth Conway ICE director supports Trump's 'animals' remark: 'MS-13 kills for sport' Conway pushes CNN's Stelter to say who he voted for in tense exchange Tina Fey returns to "˜Saturday ...

Published:  Thu, 03 May 2018 13:44:00 GMT



Five reasons to avoid personal loans

When you're strapped for cash, a personal loan may seem like an obvious solution. If personal or consumer lending companies or banks are calling you, unpaid bills are stacking up, and the refrigerator is as empty as your bank account, you might decide to ...

Published:  Sat, 24 Mar 2018 00:49:00 GMT




We recommend

 

- View Full Site -