This lender offers agile loan decisions and fast funding to borrowers. Borrow up to $35,000 and use it for a number of different purposes. Here is our Eloan application guide.

Eloan is especially useful for borrowers who are in a hurry and need cash as fast as possible. In this article you are going to learn how to apply for this loan in just a few minutes.

Before we dive into the application process itself, let’s have a look at the eligibility requirements you must meet. Check it out!

To qualify for personal loans with Eloan you must not reside in Massachusetts. Also, in order to qualify you must be at least 18 years old.

Residents of Nebraska and Alabama must be at least 19 years old, while those residing in Mississippi and Colorado must be at least 21.

Eloan does not publish its minimum income requirements as well as its credit requirements. It uses other data looking into your overall profile to determine your eligibility for a loan.

After logging into Eloan’s website, locate and fill out the prequalification form. This will reveal to you whether you are eligible for a loan, as well as the rates that are available to you.

This first step will require a soft credit check, so you do not have to worry about this having an impact on your credit score. After that, you will review your options, which the Eloan provides based on your information.

By reviewing the options Eloan makes available to you, you will be able to choose the loan term and amount that meets your needs.

Once you have selected the loan, you must complete the application providing your Social Security Number, address, income and employment information.

At this point you will also be required to consent to a hard credit inquiry. We advise you to make sure you have the credit score necessary, otherwise, if you are denied the loan, it could have a negative impact on your score.

Hard inquiries impact your credit score anyway, but being denied a loan is even worse. But, if you move forward and submit your application, Eloan will review your information.

Once you have submitted your application, and Eloan has reviewed it, it should take an hour for the lender to come up with a decision. If you have been approved, you will receive your money in as little as one business day.

If you have bad credit and are looking for a loan for people with bad credit, you should check out ElectroFinance. 

ElectroFinance Lease offers a rent-to-own program where you can purchase all kinds of electronics online, and pick them up at the nearest BestBuy store. 

With this company you can lease electronics with the ability to buy them later even if you have bad credit.

Sounds interesting? Then hit the link below and learn everything you need to know abou the application process.