RefiJet was founded back in 2016 as a nationwide platform meant to connect clients with the most suitable auto refinance loans on the market. It is currently headquartered in Denver, Colorado, and it is not a direct lender by any means. Instead, this marketplace helps people find the best options for them depending on their particular needs like decreased interest rates and monthly payments, to name just two.
RefiJet at a Glance
Editorial Score 4.3
Online Experience 3
The official RefiJet website doesn’t allow a full online application procedure.
Loan Types 4
It offers auto loan refinance, cash-out refinance, and lease buyout.
Eligibility 5
Each direct lender will have its own eligibility requirements.
Client Support 5
It provides multiple ways to be contacted by clients.
Repayment Flexibility 4.5
Repayment terms are not displayed on the website and depend on each lender.
Who is it suitable for?
RefiJet can be an especially good choice for people who do not want to spend time comparing direct loan lenders on their own and would rather do it through a marketplace. Besides that, the official website is user-friendly and intuitive, making it accessible even to people without much experience. Also, this can be a good option if you would rather have a real person talk to you via phone than do everything online.
Features
RefiJet is a very honest and open online marketplace that provides an easier way for borrowers to find the best auto loan refinance options out there. When it comes to features, the platform offers a very efficient lender comparison system along with a personal concierge for each client. This is a representative of the company who contacts the possible clients and guides them every step of the journey.
The website also provides a collection of useful calculators, informational videos, a glossary, and some other educational resources for clients. Besides this, anyone can use the website on their mobile devices because it is optimized and bilingual too.
Application Process
As we have already mentioned, RefiJet is not one of those loan platforms that provide a full online application. Still, this doesn’t mean that the website is not useful or not helpful. Here is how the application process usually goes:
· Fill out a contact form on the official website with your details and wait to be called back by a representative;
· You can also call the company directly and start the discussions;
· The representative will ask you multiple details about your current loan and the reasons why you want to refinance;
· You can also apply with a co-borrower which is recommended if your credit score is not great;
· You will be presented with a range of possible loan options;
· Once you find the one you want, the paperwork will be sent to you to be signed as soon as possible;
· The company will take care of your entire situation with the old lender;
· The entire application process usually takes a few days after which you will be able to start paying your new auto loan.
Loan Types and Terms
RefiJet offers the possibility to find the best auto loan refinance option for you from its portfolio of direct lenders. Refinances can be used for multiple reasons including diminishing your monthly payments and interest rates. Cash-out refinancing loans, which RefiJet also provides, increase the amount of the loan and help you get some money to use for various reasons.
Last but not least, lease buyout loans allow you to finance a vehicle that you have already leased. It’s important to note that the repayment terms for each of the aforementioned services depend on each individual direct lender, not on RefiJet. Usually, those terms range from 36 to 96 months but all will be discussed with your concierge.
How Safe Is It?
RefiJet has never been involved in any dubious matters since its inception. In fact, its Consumer Affairs rating is 4.9, its Better Business Bureau rating is A+, and its overall online reputation is a positive one. The website uses all the industry-standard security protocols to protect its customers’ personal and financial data. It also assures clients that their info will never be sold to external parties for any reason unless they agree to this. In short, RefiJet can be considered a safe and secure online marketplace for auto loans and refinances.
Help & Support
There are a lot of ways in which RefiJet can be contacted. The first one would be by filling out the contact form on the official website with your details and message and waiting to hear back from a representative. There are also four different phone numbers and e-mail addresses that clients can use for different situations or problems. For existing and new loans, the phone number is 800-260-5355 and the e-mail address is contact@refijet.com. RefiJet also has multiple social media platforms that you can become a fan of and follow for any new updates and reviews.
Summary
All in all, RefiJet can definitely be considered a good option for those looking for a suitable auto loan refinance option and who don’t have the time or experience to start comparing lenders manually. This marketplace provides all the necessary tools to only pick the loan that is most suited to your particular situation. The platform also provides a plethora of educational resources, contact means, and calculators.
While the application process is not fully done online, the fact that you get to talk to a real person can be a big advantage for some people. These people will guide you every step of the way and offer you professional advice on what you should do next.
Physical Address
7555 E Hampden Ave., Suite 500, Denver, CO 80231