Eloan does not make available information about minimum income and credit score requirements for applicants. It does, however, allow you to check whether you qualify for a loan by submitting your information to the lender, with no impact to your credit score. All you have to do is log in to the lender’s website, and provide your information to be presented with loan offers from Eloan.

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.

In order to apply for a loan with Eloan, you must log in to the lender’s website, locate and fill out the prequalification form so that the platform can analyze your data and make rates available to you. After that you can review the options and choose the loan term and amount that makes more sense to you as a borrower. After selecting your loan, you must complete the application process by 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. 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.