Eloan review: get a loan easily
Read this Eloan review and learn how this lender can be very convenient if you need cash fast.
Eloan: Get fast approval and fast funding with this convenient lender
With this lender you can borrow up to $35,000 for a number of different purposes which include medical expenses, debt consolidation, home improvements and more. Here is our Eloan review.
Eloan offers agile loan decisions and fast funding to borrowers, which can be especially useful if you are in a hurry and need cash as fast as possible.
Eligibility requirements, however, are unclear, and the lender does not allow joint applicants or co-signers. Read on and learn more.
- APR: Not specified
- Loan Purpose: Debt consolidation, medical expenses, home improvement, large purchase, and more.
- Loan Amount: $2,000 to $35,000
- Credit Needed: Not specified
- Terms: 2 to 5 years
- Origination Fee: None
- Late Fee: Not specified
- Early Payoff Penalty: None
How does Eloan work?
Throughout its 25 years of existence, Eloan has undergone a number of evolutions. It started offering mortgages in 1997, then auto loans, finally turning into an unsecured personal loans provider.
It is an excellent loan provider for borrowers who need cash quickly for urgent expenses. Eloan often makes decisions on whether to lend money to someone in as little as one hour.
Funding also happens quickly, in as little as one business day. However, Eloan does not publish its minimum income requirements as well as its credit requirements.
So if you have poor or fair credit, it will be hard to determine whether you qualify or not before you actually apply. The lender also does not make co-signed or secured loans available.
Still, with Eloan it is possible for you to check your loan options by submitting your information to the lender. This has no impact on your credit score, so there is no drawback in doing that.
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.
Since the lender does not specify credit score requirements, it uses other data looking into your overall profile to determine your eligibility for a loan.
You will be redirected to another website
Eloan features review: should you apply for it?
Now that you are familiar with this lender, let’s have a look at its benefits and disadvantages to get a clearer picture of what you get when you opt for an Eloan personal loan.
Our Eloan review would not be complete without it, so here is a list of Eloan’s pros and cons.
- Fast approval
- Fast funding
- No origination or prepayment fees
- 100% online loan process
- Does not offer secured loans
- Does not accept co-signers or co-applicants
- Does not provide information about eligibility
- Not available in Massachusetts
What is the required credit score?
Eloan does not make this information available for applicants. However, you can check whether you qualify for a loan by submitting your information to the lender, with no impact to your credit score.
Learn how to apply for Eloan
Do you like what you have seen in this Eloan review? Then how about applying? Click the link below and we are going to show you how to do it.
About the author / Danilo Pereira
TrueAmericanLoan application process: Find just the right loan!
In this TrueAmericanLoan application, you will learn how to use this platform to start getting multiple loan offers within minutes.Keep Reading
Chase Freedom Unlimited® review
Looking for a credit card with many benefits and no fees? It exists! Read this Chase Freedom Unlimited® review to see how it works.Keep Reading
You may also like
How to get your World of Hyatt credit card with an online application
In this World of Hyatt Credit Card application guide, you'll learn how to get this card to earn rich rewards and a substantial welcome bonus.Keep Reading
Credit card safety: 8 tips to help keep you safe
Worried about your credit card safety? Here are 8 applicable tips that will help you stay safe and secure your credit card.Keep Reading