DigniFi is a financial services company based in Bellevue, Washington, that caters to the needs of its clients by offering them transparent financial solutions. The company provides flexible loans to its clients with the most affordable terms possible. DigniFi’s approval process lays its foundation on advanced analytics that enable loan seekers with poor credit scores to be eligible for an auto repair loan. DigniFi has more than 100 employees with a customer base of over 40,000.
What Kind of Loan Does DigniFi Offer?
Established in 2012, DigniFi is dedicated to redefining the vehicle financing sector by eradicating the barriers people face while getting an auto repair loan. Today (in 2022), 10 years from its inception, DigniFi offers a wide range of financing options that are fast and flexible. The main goal of bringing such transparency to its loan system is to ensure that the customers get exactly what they are looking for while enabling their cooperating businesses to grow their revenue streams significantly.
DigniFi has a simple, flexible, yet effective auto loan process that helps its customers get a vehicle repair loan without any hassle. DigniFi gives customers full control and power by making the application process seamless. Its application forms are available at most vehicle dealers and auto repair shops in the country. DigniFi has a contactless process for everything, from vehicle repairs that require immediate attention to new accessories and products. Not only this, the company supports on-the-spot decisions, allowing customers to get back on the road as soon as possible.
DigniFi gives its customers access to several special financing programs for repairs and service work, vehicle service contracts, parts and accessories, preventative maintenance, tires, bodywork, prepaid maintenance packages, insurance deductibles, etc.
DigniFi’s Loan Process
Consumers get a 90-day zero-interest period for their loan settlement from the lender. It comes with roadside assistance for customers along with a vehicle protection plan that covers more than 215 auto parts. For these two options, you will have to pay a small additional cost that will be added to your monthly premium. DigniFi has a paperless online application for U.S. citizens who:
- Reside in a qualifying state
- Are over 18 years old
- Have a Social Security Number (SSN)
Please note that the lenders can’t offer to finance those who live in North Dakota, Massachusetts, Vermont, South Carolina, or West Virginia. For all of its auto repair loans, DigniFi offers flexible terms and fixed annual percentage rates (APRs) with no hidden charges or penalty fees if you want to settle your loan in advance.
How Does DigniFi’s Loan Process Work?
To get started with a loan process with DigniFi, all you need to do is visit its website and click on “Get Prequalified” or “Request Demo” if you need one. Clicking on “Get Prequalified” will take you to a four-step loan application process. First, create an account by filling in the relevant personal information. Then follow the prompts you see on the screen until you have completed the application process.
Documents You Will Need
DigniFi doesn’t clearly state or clarify the documents you might need for the application process. Based on the nature of the loan, like an auto repair loan, here are the documents that you will need to keep handy:
- Copy of your ID card
- Social Security Number (SSN)
- Proof of your residence, employment, and income
Once you are done with your online application, you will receive a confirmation via email requesting you to sign the agreement. It is up to you whether you want to sign it electronically or manually. As soon as you sign the agreement, the auto repair shop will receive the funds within 48 hours.
DigniFi Loan Reviews: What the Company Claims
DigniFi takes pride in its core values of being fully transparent, supportive, and empowering for its customers, allowing them to be in charge of their financial condition. The company has partnered with more than 4,700 dealers and repair shops in order to help its customers get back on the road in a safe and secure manner. Here are some other details about DigniFi’s loan process:
- Your credit score won’t affect the loan approval process, even if your credit score has a few blemishes
- The company has an A rating from the Better Business Bureau (BBB)
- The loan duration is between 12 and 36 months
- The loan amount can range between $350 and $7,500
- The APR is between 9.99% to 36.00%, based on your situation
DigniFi Loan Reviews: What Customers Say
Customer experience is pretty subjective. You may have a great experience with a company or brand, but your friend or someone else might not be so happy with it. The same is the case with DigniFi loan reviews. DigniFi has mixed reviews, but the positive ones are the majority. Customers find DigniFi’s loan process simple and flexible, as promised by the company. Here is what customers like the most about DigniFi’s loan process:
- The customers get quick approval
- The loan offers automatic payments
- The loan has fixed rates (APRs) and terms
- The clients get a 90-day interest waiver
What are the things that people don’t like about DigniFi’s loan process? Here are a few things that people don’t appreciate about the loan process of the company:
- The loan process is not available in all states
- Some customers find the company to have a high APR
- The loan process is bound to DigniFi’s service centers
Looking at these reviews, DigniFi’s auto repair loan isn’t an option for people who reside in areas where the company doesn’t offer its services — North Dakota, Massachusetts, Vermont, South Carolina, and West Virginia. Although the company has fixed annual percentage rates, some people find them to be high. DigniFi’s loans are available at APRs ranging between 9.99% and 36%, and customers have the power and freedom to set up automatic monthly payments.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.