Eloan

Overview

At Eloan we believe in one thing: getting a loan should be simply smart!

For over 20 years we have empowered enthusiasts with simple and effective financial solutions so they can fulfill their needs, passions, and dreams. Today, we continue to offer easy loan applications so you can achieve your goals sooner than you think!

In 1997, during the peak of the internet’s revolution, eloan.com launched as an online lender. Inspired by the world wide web’s agility and simplicity, E-LOAN, Inc. was born with a refreshing and revolutionary promise: Radically Simple.



In 2016 Eloan became a division of Banco Popular de Puerto Rico (BPPR). BPPR is a solid financial institution with over 124 years of experience in the banking industry, governed by U.S. federal banking laws.

Twenty years later, the world has changed and Eloan has evolved with it. Today, we understand that it is not about bringing traditional lending practices online, but making an entire banking experience smarter and simpler, by empowering dreams and improving the quality of life for enthusiasts



Loan Features

Once we’ve approved your personal loan, we’ll deposit the money into your account the next business day. Easy-to-use online loan applications and no hidden fees. That’s how Eloan does personal loans.

Types of loans:

What you can use your loan for:
Debt Consolidation
Medical Expenses
Auto Expenses
Credit Card Debt
Something Else

Application Process

If you are over the age of 18 (19 if a resident of Alabama or Nebraska, or 21 if you are a resident of Colorado or Mississippi) you are welcome to apply. Our application is completely online. Once the application is complete, your application will be processed.

Income is certainly one of the factors we consider when making our decision. We accept all applications from a variety of credit backgrounds. However those applicants with a high credit score tend to have the highest rate of approval, but we do look into other factors when we make our final decision, such as income, debt to income ratio and repayment history.

We only accept online applications. To get started, go to eloan.com and click on the green “Apply Now” button. If you would like assistance filling out the application, we’d be happy to walk you through the process.

Repayment Terms

Interest Rate:
7.49% – 10.49% (term loans up tp $35 000)

We provide a simple personal loan application process with no hidden fees, no prepayment penalties, and no origination fees to set up your loan. Most loans use an annual percentage rate, or APR, to express the cost of the loan, which is the interest owed plus any additional fees. The APR is a standardized rate, allowing you to easily compare costs across multiple loan options.

It is important to note that the APR is typically not the same as the interest rate on the loan. In addition to the interest rate, APR considers all factors affecting the cost of a loan, including whether the rate is simple or compound interest, any additional loan fees, and the duration of the loan. In compliance with federal law, the APR for every personal loan offer will be stated in the loan agreement for each Eloan product so customers can review all loan details before accepting any terms.

If you qualify for a loan through us, we’ll work to match you with our lowest rate possible based on your selected loan amount and financial eligibility.

Customer Support

85 Broad St
New York, New York
+1 646-583-2706

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