What I Think About Eloan
Eloan meets both of these criteria, with APRs ranging between 8.99% and 22.49% and repayment terms lasting between 2 to 5 years.
Another advantage is that it’s a fully online e loan company and underwriting process, with the entire application process taking place directly from the Eloan website. You won’t need to submit reams of paperwork either. Instead, just compile some basic information about your identity, employment status and other pertinent financial information.
When you apply for an Eloan personal loan, you’ll first be able to check the rate the company can offer you. This involves what’s called a soft credit check, and it won’t harm your credit score like a hard credit check, even when it’s not successful.
If your credit and employment picture look reasonably good, you can go ahead and apply using this option and compare rates before you complete and submit a formal application.
Eloan Refinancing Option
If you haven’t come across much information about refinancing from reading Eloan finance reviews, here’s what you need to know.
Eloan definitely offers debt refinancing in its lineup of loan products. The debt consolidation e loan credit requirements are the same as the requirements for their other loan products, and although the company doesn’t specify a minimum credit score, I would recommend that you have at least 580 before you think of applying.
If you have medical expenses that you charged to your credit card, chances are you’re paying a higher APR than you would be with an Eloan personal loan. Ultimately, consolidating your debt will save you money over the long term and it’s definitely worth doing if you can shave a few percent from your repayment or reduce your monthly loan payments.
Eloan Customer Service
Eloan services are extremely convenient because you don’t need to go into your local bank or credit union and sit with a banker or loan officer in order to apply. However, some loan customers are concerned about dealing with an online provider for the first time for that very reason. Many prospective borrowers also wonder who you speak to if you have a query or problem.
If you take a look at this review along with other online e loan financial services reviews, you’ll see that Eloan has good ratings when it comes to customer service. They have a dedicated customer care helpline and online customer support available directly from their website. The Eloan website also features a comprehensive FAQ section which should answer many of the common questions you may encounter before you apply for a medical loan.
Eloan rates are affordable because of two very positive attributes of the company’s fee system. First, they don’t charge origination fees for loans and second there’s no prepayment penalty either for borrowers who wish to quickly repay their loans before the final due date.
The APR charged on an Eloan medical loan ranges between 8.99% and 22.49% like many other personal loans providers. The exact APR you’ll be charged depends on your credit history, score, and employment situation. That’s why it’s advisable to apply to Eloan if you have a fair to good credit score and sound repayment history.