Innovative Funding Services review StaffOct.18, 2018

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In a Nutshell

An increasingly popular car loan service provider, available in all 50 states, Innovative Funding Services can help you find a way to refinance your auto loans or purchase a new car. On top of providing expert registry service, the Texas-based company also sells protection plans such as GAP insurance, maintenance contracts and tire and wheel warranties.


  • Wide variety of lenders
  • No origination fees


  • Checking rates with different lenders can affect credit score
  • Prepayment fee applies

Innovative Funding Services at a Glance

Innovative Funding Services offers auto loan refinancing and purchase by connecting customers with a wide range of lenders, helping them reduce monthly payments and also existing loan rates. Financial advisors are on hand to manage and process loan applications with the lenders on behalf of their customers.


  • No upfront fee or origination fees
  • Hassle-free online application
  • A wide variety of loan options from a range of lenders
  • A personal advisor who can assist you throughout the entire process
  • The 3 main services on offer are:

Car Loan Refinance:

  • Helps lower monthly payments towards your existing car loan
  • Find lower rates than your existing car loan
  • IFS has a dedicated staff that helps customers through the entire application process

Auto Lease Purchase:

  • Competitive rates
  • Wide variety of lenders
  • Dedicated personal service at no additional cost
  • No application fee

Company Car Purchase:

  • Works irrespective of credit level
  • Automatic loan calculator
  • No fee for making an application

Application Process

The application process is simple, smooth and accessible. You can apply online by filling out a short form and providing some basic information. This will require your social security number and a hard credit pull, and it may affect your credit score. 

You can expect a response within 5 to 30 minutes of filling out the form. The information shared is then analyzed and the appropriate lenders for the application are sorted. The representatives at Innovative Funding Services do the rest of the work of matching, preparing the application and transferring the money between the banks. To make an application the minimum credit score required is 550 and your monthly income should be at least $1,500. 

Loan Types and Terms

Loans are mid-term to long-term, from 36 months to 84 months. However, it is advised not to extend the loan duration for more than 60 months. The requirements and restrictions to get a loan from the lenders associated with IFS are:

  • A minimum credit score of 550
  • A minimum monthly income of $1,500 or above
  • Vehicle must be less than 10 years old and under 150,000 miles

Repayment Options

Loans must be repaid according to the term as there is no shorter term for repayment and prepayments are not allowed. There are no benefits and interest rates will not be given in the case of a prepayment. There is also a late fee applicable for delayed payments. 

How Safe Is It?

Applying for a loan with Innovative Funding Services is completely safe and secure. The information shared online is protected and the company adheres to a strict privacy policy. 

Help & Support

A reliable customer support team is available in all 50 states via telephone during regular office hours. 


Unlike other car refinance companies, Innovative Funding Services operates all over America. The application process is simple and does not incur a fee. IFS specializes in loans for refinancing, company cars and lease buyouts with low interest rates that can save you money. 

Physical Address

14205 N Mopac

Expy Suite 400




Innovative Funding Services