How It Works
Personalized Lending with Eloan Lending
At ELoan Lending, we recognize that life can present unexpected emergencies, and that perfect credit is not always a reality for everyone. Whether it’s due to unforeseen circumstances or a temporary setback, some lenders and partners within our network may still offer you a loan even if your credit isn’t flawless. Please keep in mind that your credit history can influence the types of loan offers you receive, as well as the terms and conditions attached. Loans offered to individuals with less-than-perfect credit may come with terms that are less favorable.
Our goal is to help you find out if any of the lenders or financial service providers in our network can provide a loan option that suits your needs.
How Eloan Lending Can Assist You
We understand that personal loans are often most needed by those facing financial difficulties, rather than those with perfect credit who consistently pay their bills on time. Life’s unexpected expenses — like a car repair or medical emergency — can quickly disrupt even the best-planned budgets. An installment loan through our network may be the solution to help you get through until your next paycheck when other options aren’t available.
Simple and Convenient Online Application
Our easy-to-use online form allows you to quickly check if you qualify for a loan. By submitting your information, you could receive loan offers from our lenders and financial partners within minutes. If approved, funds might be deposited directly into your checking account as soon as the next business day.
Some lenders in our network may extend loan offers to applicants with bad credit, provided they meet other eligibility criteria. Remember, your credit standing affects both the range of offers and the loan terms you may be offered. ELoan Lending is completely free to use, and you are under no obligation to accept any loan offer.
Eligibility Requirements
Having perfect credit isn’t a requirement to be considered for a loan through our network. Borrowers with poor credit can still qualify, but meeting the minimum criteria below does not guarantee a lender will offer you a loan.
To complete the online application, you must:
Be at least 18 years old.
Provide proof of citizenship or legal residency (e.g., a Social Security number).
Have a steady source of income, whether from employment, self-employment, disability, or Social Security benefits.
Maintain a checking account in your name.
Provide valid work and home phone numbers.
Provide a valid email address.
Loan Request Process
Our loan request process connects you with lenders who may be able to meet your financial needs. If you qualify, a lender will quickly verify the information you provide and review your loan application.
Depending on your information, a lender may extend a loan offer. Should this happen, we encourage you to carefully review all the details before making a decision. You are never obligated to accept any offer that doesn’t meet your needs.
If you decide to accept a loan, you will be required to electronically sign the lender’s contract. Only upon signing will the lender disburse the funds directly to your checking account, often within one business day. Please note that the exact timing depends on the lender’s processing system.
If no lender within our network is available to offer a loan, you may be shown advertisements for other loan products, debt relief services, credit repair, or related financial services. These offers are separate from your loan application and are optional. We recommend thoroughly reviewing any such offers and comparing them against your other options before making a choice.
Loan Repayment
If you accept a loan offer, your lender will provide a repayment schedule outlining how you can pay off the installment loan over time.
Important Note: Eloan Lending is not a lender. We facilitate connections between borrowers and our network of lenders and financial service providers. ELoan Lending does not determine or control loan terms, conditions, interest rates, or fees.