For many years, ElcLoans have been helping people from all backgrounds easily find online payday loans.
We believe that finding a reputable loan lender online should be a fast and hassle-free experience.
We also believe in honesty and integrity and like to keep our users educated and informed.
So, here's a little more about what we do and stand for:
The Evolution of Our Service
Having spent years in the short-term lending industry, we became tired of the overly complex and convoluted application process.
The last thing people want when they're down on their luck or otherwise need quick access to money is to add to their stress by trying to find lenders, filling out forms, and waiting days for everything to be finalized.
Our streamlined online service taps borrowers into a large network of lenders using just one simple form and they soon know on screen if they have been connected to a potential lender.
This means no shopping around and no delays. After approval, lenders aim to deposit funds in as soon as just one working day!
What's more, even consumers with bad credit are welcome to use our service and will not face an automatic rejection without the lender fairly assessing their application.
By always putting the borrower first, we have developed a fast, widely accessible, and easy to use loan connection service that continues to evolve based on need and advances in technology.
We also pride ourselves on connecting borrowers with potential lenders free of charge.
It costs absolutely nothing to use our site and is still free regardless of how many times you apply.
The only fees you pay will be to any lender you agree to take a loan from.
Your Data Is Secure
We know what you're thinking: 'If this is free of charge, what are they doing with my data?'
Rest assured that we understand: user privacy is of the utmost importance.
This means we never sell or share your personal details with anyone other than the lenders in our network as part of the loan connection process.
Furthermore, we use the latest encryption technology to ensure that any data we handle remains private and secure when passing through our servers.
Our service operates within federal and state laws and all of our accredited lenders do the same.
Is a Payday Loan Right for You?
Another reason we entered the payday loan industry is that we saw it becoming increasingly difficult for those most in need to get access to credit.
Traditional lenders like banks want to lend large sums over long periods of time and make you jump through all sorts of hoops to do so.
That's just not practical for the average person who doesn't have much disposable income and simply needs a small cash advance to get out of a tight spot.
Our loan connection service is aimed at those that need between $100 and $1,000 fast and have a stable form of income to cover the obligation.
Payday loans can be useful if you are facing an unforeseen bill or other expense, but have already used all of this month's budget.
It is commonly called a cash advance because it is like an advance on your wages - bridging the gap until payday.
They are especially helpful if you don't have savings, a credit card, or friends and family who can lend you the money.
A payday loan is NOT for those in heavy debt or those who cannot realistically repay the loan on or just after their next payday.
A Shining Light
We recognize that the short-term loan industry has received a lot of negative publicity in recent years due to deceptive and predatory practices and very high interest rates.
Some of this bad rep is warranted, but ElcLoans aim to be the shining example of how to do things right!
To that end, we never make false promises like "no credit check" by the lender or use misleading marketing language like "guarantee" or "instant" approval.
Our accredited lenders are also careful to always adhere to the applicant's state regulations and will always offer clear loan terms.
There are no hidden fees or charges from us or our lenders, and lenders will also provide a full copy of the terms and conditions before any contract has been signed.
When used correctly, we believe a loan is an important lifeline for those who are employed but living on a tight budget without other access to credit.
Part of championing these benefits is making sure borrowers understand who short-term loans are for and the risks associated with them.
That's why we have extensive [How It Works] and [FAQ] pages.
- You can request a loan from the comfort of your own home and we will attempt to connect you with one of over 100 lenders in a matter of minutes.
- You could be approved by a lender even with bad credit, as there is no automatic rejection based on your credit score.
- Your data is secured with 256-bit encryption and never passed on to third parties.
- Use our extensive resource pages to learn more about short-term loans and whether they are right for your situation.
We Care About You
ElcLoans want all of our users to have the best experience possible. To that end, we're always striving to make our website faster, easier, and more secure.
If you do experience a problem or have any queries our experienced in-house customer care team are always on hand to offer their help.
Our team knows what it's like to need to borrow money and are here to make the process as hassle-free as possible.
Thank you for using ElcLoans.