Do you need to secure a loan through a fast and easy online process with no hidden fees? With an Eloan Online Personal Loan, you can avail this perk and many others. Read on to find out more about how to apply for an Eloan Online Personal Loan.
As an online lending company for more than 20 years, Eloan is one of the trusted lending companies in America. As a division of Banco Popular de Puerto Rico, the company provides personal loans for various purposes. You can use your borrowed money for emergencies, hospital and medical expenses, debt consolidation, home remodeling, and major events like weddings and a lot more. What’s more, you can consolidate your debts and refinance your credit card through your loan.
Features of Eloan Online Personal Loans
Eloan operates one of the most intuitive and user-friendly websites in the industry. Since the company runs entirely on the web, you can maximize the use of their online tools for your financial needs.
Still having doubts? Let’s dig deeper into the perks and benefits when you apply for an Eloan Online Personal Loan.
Eloan Online Personal Loan Benefits
Eloan takes pride in delivering fast and simple service. You can immediately know whether your request is granted or not within seconds. And once it is approved, you can receive your loaned money in your savings account on the next business day.
Eloan is also ideal for people with a low credit score. Your credit is not the sole factor when it comes to whether your loan will get approved. The company will also look into your credit experience, previous debt payments, and repayment history.
Since the lender is online, you can check your eligibility using advanced tools like loan and debt consolidation calculators. These allow you to have maximum control of your loans. Moreover, you can use these tools anytime, anywhere.
You can also get important advice and guidance from the lender’s friendly customer service representatives. They are trained to reply to your concerns immediately by phone, via email or through online chat at the comfort of your home.
Interested in requesting an Eloan Online Personal Loan? Find out the company’s application process and their requirements…
Eloan Online Personal Loan Application Process
To see if you are qualified for a loan, all you need to do is to fill out the online form on the Eloan website. The lender may ask you to present proof of identity showing that you are at least 18 (19 if you are an Alabama or Nebraska resident or 21 if you are a Colorado or Mississippi resident). Depending on Eloan, you may also need to show proof that you are a US citizen or permanent resident. Moreover, you must have a bank account and a working email address.
Ideally, you must have a credit score of 650 or higher and an annual gross income of $20,000 to be eligible. Eloan can grant loans from $1,000 to $35,000 that you can repay for up to 5 years.
Fees and Interest Rates
To make the loan application affordable for you, Eloan DOES NOT charge origination, pre-payment and return fees.
The lender’s annual interest rates are between 5.49% and 35.99%. The rate will be based on your creditworthiness, payment terms and other considerations.
In summary, you will benefit from an Eloan Online Personal Loan if you have a low credit score and want to get the most value for your money with a quick and easy online application process.