|
E-LOAN at a Glance
E-LOAN, Inc., a leading online lending company, offers consumer
loans and debt management services online at www.eloan.com. E-LOAN
has reinvented the consumer loan process by offering a broad choice
of products from many lenders for mortgages, home equity loans,
auto loans, education loans, and credit cards in a secure online
environment, combined with comprehensive personal service from
dedicated loan consultants. Through the first quarter of 2002,
E-LOAN originated $9 billion in consumer loans. The company's
loan processing centers are located in Dublin, CA and Jacksonville,
FL.
E-LOAN, Inc. is publicly traded on the Nasdaq system
under the symbol EELN.
Products and Services
E-LOAN offers a full range of mortgages, home
equity loans, auto loans, credit cards, education
loans and personal loans
and is committed to continuously adding new ones. Customers can
search for the best loan from thousands of products with a single
click. A comprehensive set of tools and information gives customers
everything they need to select the right product and manage their
debt.
On July 1, 2002, the variable interest rates
on federally backed student loans dropped to 4.06% for borrowers
in repayment, and 3.46% for borrowers in grace - the lowest interest
rates in the 36-year history of the federal
student loan program. Through consolidation, you could
potentially lock in your loans at a low fixed interest rate if
you are in your grace period - and with additional incentives,
you could eventually lower this rate even further.
E-LOAN has partnered with Collegiate Funding
Services to offer Private Loan Consolidation
for people who have private or alternative student loans. Consolidating
your private student loans can help you take control of your financial
future! To begin immediate savings, apply online or contact our
trained loan counselors today.
E-LOAN Origins
E-LOAN grew out of a brick-and-mortar loan brokerage started in
1992 when the founders realized the potential of the Internet
to revolutionize the loan process. Leveraging technology and exemplary
customer service, E-LOAN set out to eliminate inefficiencies,
slash transaction costs and provide customers greater selection
and a better customer experience. E-LOAN expanded its revolutionary
approach into auto loans in September 1999.
Management
E-LOAN's management combines dozens of years of experience in
the mortgage and auto financing industry, as well as extensive
expertise in brand-building and Internet development and marketing.
Partnerships
E-LOAN has partnered with leading companies to make its innovative
products and services available to customers nationwide.
State Licenses
E-LOAN operates both as a mortgage broker and a mortgage lender.
We currently offer auto loans in almost all states. Specific licenses
vary by state.
|
