Experiences.... Eloan, reviews?

D

DollarHunter

New Member
Looking for Eloan reviews and opinions? , I'm checking out their official website: https://www.eloan.com. Will I find the information I need about their loan options and customer experiences here?

Edit: Corrected misspelling from ei loan reviews to Eloan reviews
 
Last edited by a moderator:
I've been researching Eloan to find out more about their loan services. And as of early 2022, Eloan stopped offering new personal loans. System & Services Technologies Inc. now manages all active Eloan personal loans.

These are the same, Eloan = "ei loan"

One of the reviews I found was from someone who was looking to get a loan despite being in bankruptcy. This person gave a rating of 3 out of 5, but didn't provide much detail about their experience with Eloan. They only seemed to be looking for information on whether someone in their situation could get approved for a loan.

What I found about Eloan are:
  1. Poor Customer Service: Several users express dissatisfaction with the responsiveness and quality of customer service, citing difficulty reaching representatives or receiving unhelpful responses.
  2. Hidden Fees or Misleading Terms: Customers report feeling misled about loan terms, interest rates, or hidden fees that were not fully disclosed upfront.
  3. Slow Processing: Many reviews mention delays in loan approval or fund disbursement, causing frustration for borrowers needing quick access to funds.
  4. Denials Despite Pre-Approval: Users complain about being denied loans after receiving pre-approval, leading to wasted time and disappointment.
  5. Aggressive Marketing: Some reviewers feel overwhelmed by excessive marketing emails or calls after showing initial interest.
  6. Credit Score Impact: Negative remarks about credit score being affected after applying, despite promises of soft credit checks during initial inquiries.
These recurring issues contribute to a lack of trust and satisfaction among customers.
 
Last edited by a moderator:
This post provides an overview of the company behind eLoan.com, known as E-LOAN. It will cover its history, services, and recent legal issues associated with one of its affiliates.

E-LOAN was founded in 1997 and is headquartered in San Juan, Puerto Rico. The company specializes in providing personal loans to customers. In addition to personal loans, E-LOAN also offers services that help individuals manage and consolidate their debt.

Probably not related but, there is legal challenges due to allegations against a related entity known as eLoanWarehouse.com. On September 25, 2023, a class action lawsuit was filed against the companies associated with eLoanWarehouse.com. The lawsuit claims that these companies participated in an illegal scheme referred to as "rent-a-tribe" lending. This scheme reportedly allowed non-tribal payday lenders to pose as businesses owned by Native American tribes. By doing so, they aimed to take advantage of tribal sovereign immunity to charge interest rates that exceeded state limits
 
This company obtained my information from one of those websites that connects people with lender. Since that moment they call me non-stop. A call comes in every 30 minutes plus they leave identical voicemails each time. I blocked their phone number but those messages just keep filling up my blocked folder. It’s excessive and feels like harassment. This has been happening for two days, and yesterday alone, they contacted me over 20 times.
 
You: Eloan's dead for new loans—moved on in 2022. Reviews show red flags: hidden fees, slow funding, bait-and-switch denials. Affiliate’s “rent-a-tribe” lawsuit screams predatory behavior. Avoid. If they’re spamming you post-inquiry, block and report. Plenty of reputable lenders exist—don’t waste time here.
 
Back
Top