Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk


How much can I borrow ?

You can normally borrow between £100 and £2,000 from our panel of lenders, but if you have borrowed before and repaid on time, plus have a good credit rating, then you may be able to borrow up to £3,000, depending on your lender.

Am I eligible for a loan ?

To qualify for a loan with one of our lenders you need to match the below criteria:

  • Being over 18.

  • Being a UK resident.

  • Being able to prove your identity.

  • Having a regular source of income.

  • Having a permanent address.

  • Not being bankrupt.

  • Having a UK bank account that accepts Direct Debits.

  • Having a UK debit card associated with your bank account.

What can I use the loan for ?

You can use the loan for whatever you like. However, the loans offered by our panel of lenders are designed for short term purposes, such as emergencies. Therefore, we would not recommend taking on one of these loans to pay off other longer term loans.

Do you conduct a credit check?

eLoans does not conduct a credit check on you. However, your chosen lender may want to conduct a credit check of their own before they wire the money to your account. We advise you to always check the lender’s terms and conditions carefully before you accept a loan.

How long can I take the loan over?

That will always depend on your lender and the terms of the loan they offer you. Normally your loan repayment term will range from 1 to 36 months. Most loan contracts are between 3 months and 18 months, but it depends on the amount you borrow and the individual lender you’re borrowing from. Usually, the more you borrow the longer term you will be allowed to take it over if that’s what you prefer.

When will the loan be deposited in my bank account?

Once you have been redirected to a lender’s website showing the terms of the loan offered to you, the money can reach your account in as little as 15 minutes, depending on the lender’s policies and practices. Some lenders charge a small extra fee for this service, as it costs them to administer the funds this fast. You may also have to provide ID and possibly confirm some other details.

When do I need to repay the loan?

Again, this depends on your chosen lender and the terms and conditions of your loan. Generally you can either pay the loan off in one lump or pay it off in instalments over a set amount of months. Most lenders will accept you redeeming the loan early, but if you wish to do so, you need to contact them directly. If you are having trouble repaying the loan, at any point, then you should contact the lender straight away, as they may be able to help you restructure the terms.