4.3 of 5starsRead Reviews
iNet Lending offers competitive rate loans for the purchase of RV’s, Boats, Motorcycles, UTV’s and Horse Trailers. Depending on the loan amount we offer terms up to 240 months. Flexible programs allow us to fund loans from $5,000 to $300,000 on units up to 15 model years old. Whether you’re buying from a Dealership or an individual iNet has a loan for you! We are also proud to offer a wide range of insurance products to protect your purchase through our in-house Insurance Agency licensed in all states except Alaska and Hawaii.
Not so good of an experience
We had and opportunity to purchase a boat at an extremely good price. After meeting with the seller, they agreed to give me the 1st right of refusal.
I applied online at Lending Tree and was matched with multiple financial institutions. These matches provide me potential loan terms. One of the companies I was matched with was INET.
After a couple hours, I received a call from an INET agent requesting some additional information. I provided the additional information and awaited their call. Later that day I missed a call from the agent. She left a voicemail informing me the loan was conditionally approved "pending" verification of income. I tried to call her back and I guess they had already left for the day.
The next morning I sent my most recent paystubs via email and also requested the "conditionally approved" loan terms. Her response was "I can not provide that until we receive your 2021 W2's as well". B.S. you have seen my credit, you have seen the NADA value of the boat, you have seen my income and my debt to income ratio that confirms my ability to repay the loan. There should be no reason why you can't give me the offered interest rate based on loan length just like every other finance company can and has.
I found INET to be a general waste of time.
Asked a few times to get an email explaining cost breakdown that was refused. Lots of fees I was not clear on on but could have just been my lack of knowledge. I decided to use another lender and was then hung up on when I spoke to the lender.
A little confusing at first but that was to be expected during the Christmas holidays.
Once the paperwork was done, everything else was pretty smooth. Victoria was very helpful in explaining the process and helping me correct any errors.
Closed with Lender: