ReFiJet and iLending are both auto loan refinancing marketplaces — platforms that shop your application across multiple lenders to find a competitive rate. The key difference is the experience: iLending assigns a personal loan consultant to guide you through the process, while ReFiJet is more self-serve and automated. Your rate outcome depends more on your credit profile and which lenders each service has in its network.
ReFiJet vs. iLending: Side-by-Side Comparison
| Feature | ReFiJet | iLending |
|---|---|---|
| Type | Refinancing marketplace | Refinancing marketplace |
| Application style | Online, self-serve | Online + personal loan consultant |
| Soft pull pre-qualification | Yes | Yes |
| Credit score minimum | ~580+ | ~580+ |
| Rate range | Varies by lender | Varies by lender |
| Origination fee | None from marketplace | None from marketplace |
| Loan terms | 24–84 months | 24–84 months |
| GAP cancellation help | Yes (for Gravity/ReFiJet customers) | Available |
| BBB rating | Accredited | Accredited |
| Best for | Self-directed borrowers | Those who want guided support |
About ReFiJet
ReFiJet is an auto refinancing marketplace based in Denver that is affiliated with Gravity Lending. It focuses on helping borrowers who already have a car loan find a lower rate through a lender network that includes credit unions and banks.
ReFiJet strengths:
- Fast online application — often under 5 minutes
- Partners with credit unions, which tend to offer lower rates than banks
- Soft pull pre-qualification means no risk to credit score for shopping
- Transparent offer comparison once matched with lenders
- Can handle GAP insurance cancellation refunds from your old lender (a useful value-add)
ReFiJet limitations:
- Less hand-holding than iLending — you drive the process
- Network of lenders may not include your local credit union
- Results vary by state and credit profile
About iLending
iLending operates a similar marketplace model but differentiates itself by assigning a dedicated loan consultant to every borrower. This consultant guides you through the application, explains your options, and helps complete the refinance.
iLending strengths:
- Personal loan consultant for borrowers who want guidance
- Strong customer reviews for service quality
- Handles the transition paperwork between old and new lender
- Soft pull to start, hard pull only when you commit
- Works with a range of credit scores, including fair-credit borrowers
iLending limitations:
- The consultant model adds a human touch but also means the process may take slightly longer than a purely automated platform
- As with ReFiJet, your actual rate depends on which lenders are in their network
- Not all states are served
Which Platform Has Better Rates?
Neither platform publishes a fixed rate schedule because your rate is determined by:
- Your credit score and history
- Your current loan balance and remaining term
- The vehicle’s age, mileage, and type
- Which partner lenders are available in your state
Strategy: Apply to both using their soft-pull pre-qualification tools. Compare the actual offers side by side. The one that produces the better offer for your specific situation is the right choice — not any pre-determined answer.
Also consider:
- Your own bank or credit union (apply directly before using a marketplace)
- Other refinancing marketplaces: AutoPay, CarPutty, Caribou, Upstart
How Much Can Refinancing Save?
Example: $27,000 loan, 10% APR, 42 months remaining
| New Rate | New Monthly Payment | Total Interest Saved |
|---|---|---|
| 10% (current) | $773 | — |
| 7.5% | $748 | $1,050 |
| 6.0% | $733 | $1,680 |
| 5.0% | $721 | $2,184 |
Even modest rate improvements add up significantly. The earlier in your loan you refinance, the more interest you save (interest is front-loaded).
When to Refinance and When to Skip
Refinance when:
- Your current rate is 2+ points above what you can qualify for now
- Your credit score has improved by 40+ points since your original loan
- You’re in the first 60% of your loan term (enough interest remaining to make it worthwhile)
- You have no prepayment penalty on your current loan
Skip refinancing when:
- You have fewer than 12 months left on your loan (savings too small to justify the paperwork)
- Your credit has worsened — you’d be offered a higher rate
- Your vehicle is over 10 years old or above 150,000 miles (many lenders won’t finance it)
- Your current loan has a significant prepayment penalty
Step-by-Step: Using ReFiJet or iLending
- Gather your information: Current lender name, loan balance, monthly payment, remaining term, vehicle VIN and mileage
- Check your credit score at AnnualCreditReport.com or through your bank’s free score tool
- Apply to both platforms (both are soft pulls — no score impact)
- Compare all offers including rate, term, monthly payment, and total cost
- Also check your credit union directly — sometimes direct applications beat marketplace results
- Accept the best offer — the hard pull happens here
- Complete the title transfer — the new lender pays off your old loan and takes the title
The Bottom Line
ReFiJet and iLending offer similar products. iLending adds a personal touch with a dedicated loan consultant; ReFiJet is more automated and integrated with Gravity Lending’s ecosystem. Apply to both, compare actual offers, and choose the one that delivers the best rate for your profile.
Related reading:
- ReFiJet vs. Gravity Auto Refinancing
- CarPutty vs. AutoPay
- Upstart vs. Caribou Auto Refinancing
- Tresl vs. Ally Auto Loan Refinancing
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