Eloan Review

4.7 rating

Foundation Year
1997

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Office Address
Unknown

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Phone number
(855) 854-9346

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Pros

• BBB-accredited;
• Insured by the FDIC;
• Transparency operation;
• regulated by the CFPB.

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Cons

• 1-3 business days to deposit the funds;
• Affect credit score.

Overview

Eloan is a Division of Banco Popular de Puerto Rico that provides online unsecured personal loans. This company has over 20 years of experience in providing financial assistance to people in the USA and Puerto Rico. In 2016 Eloan became a division of Banco Popular de Puerto Rico (BPPR). The CIO of this company is Camille Burckhart, THE STRATEGIST – Mariel Arraiza, THE MULTITASKER- Joanitza Falcon, THE STORYTELLER – Lumarie “Lula” Vega, THE BUSINESS DEVELOPER – Nicole Colon.

What loans does Eloan offer?

It offers personal unsecured loans, debt consolidation, credit card consolidation, emergency loans, home improvement, small loans, tiny house financing, medical loans. Every client is eligible to aply for $2,000 to $35,000 amounts depending on the chosen loan type.

What state does this company service?

It serves all the states except for Massachusetts.

What terms and rates does this company offer?

The APR ranges from 8.99% to 21.49%. Repayment terms go from 24 months to 60 months. There are no origination and annual fees.

How do I qualify for a loan?

You may qualify if your age is 18 (19 if a resident of Alabama or Nebraska, or 21 if you are a resident of Colorado or Mississippi). Better to have a perfect credit history to be 100% approved.

The application is completely online. Once the application is complete, your application will be processed. If anything else is needed during the verification process, we will contact to you directly.

Can I take a loan if my credit score is low?

It is better to have a perfect or average credit score to be 100% approved.

Does this service have a mobile app?

This company has no mobile app but has a mobile version. You may apply for a loan online using your smartphone.

Conclusion

Eloan offers different loan types that’s why it is possible to cope with different financial problems. You may apply for a loan living in almost all states in the USA. Puerto Rico is one more location where you may apply for a loan. The available loan amounts are up to $35,000. But before submitting an application, it is better to get acquainted with the details more closer.

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• Sam Romero