Our E-Loan Review explains how E-loan specializes in hassle-fee, honest lending and secure deposits with great rates. Radically Simple is their brand and managing to offer a full range of financial services simply, personally, with no hidden costs and with the strictest privacy policies is what makes E-Loan unique. E-Loan is a nationwide financial services company that is pro-consumer. They provide consumers with a simple easy way to obtain high interest rates on certificate of deposits and savings, with easy access to your money. Keep it simple with E-Loan!
E-Loan is a wholly owned subsidiary of Banco Popular North America which has been in business for 116 years, is FDIC insured and is located in the United States, Puerto Rico, the Caribbean, and Latin America. E-Loan offers high interest rates on savings and CDs as well as loans on purchases and refinance on mortgage loans, home equity loans, car loans, business loans, and student loans. E-Loans allows customers to complete one easy online application and puts you in position where lenders can compete for you business and offer you the best deal. Which means you save money! You get to compare offers and choose the loan that is right for you.
E-loan Savings and Certificate of Deposit
Get started with a Standard Savings, Savings Plus or Certificate of Deposit account in a simple 4 step process whether its a individual, joint, or living trust account. Minimum balance requirements are $5,000 for savings products and $10,000 for CDs.
Savings Plus
E-Loan offers a Savings Plus Money Market account that pays a higher interest rate than their standard savings account and you can have liquidity that a CD does not offer. To qualify customers must make regular monthly deposits of at least $100. If your Eloan Savings Plus account does not have a minimum of $100 per month deposit for over 60 days it will automatically be converted back to a standard savings account and its rates. The Savings Plus account allows up to six withdrawals per month so you don’t have to fear that your money is locked up. The Savings Plus product is a great product because it encourages customers to start a savings plan and commit to it and in return you earn a higher dividend payment.
Certificate of Deposits
E-Loan offers Certificate of Deposits from 1 month to 6 years with a $10,000 minimum. There is a fee for withdrawal before cd maturity if you decide you need your cash. Have the peach of mind of having your money in an FDIC insured certificate deposit to the maximum limit with E-Loan. If you have any question about FDIC insurance please see FDIC Insured or call toll-free 1-877-ASK-FDIC
Awards & Recognition For E-loan
You can expect superior customer service with safe and secure privacy from E-Loan with no surprises. National awards and recognition that E-Loan has received are:
- E-LOAN rated#1 as the best mortgage website (Keynote WebExcellence: 2008)
- E-LOAN ranked as one of the Top 20 Companies for Privacy (Ponemon Institute and TRUSTe: 2008)
- E-LOAN ranked#1 for Customer Respect (The Customer Respect Group: 2006)
- E-LOAN listed in the Top 20 Safest Places on the Web (COMPUTERWORLD: April 2005)
E-loan Rating Information
If you’d like to learn more about E-Loan you can view their company profiles on Linkedin or Facebook. E-Loan has not sought Better Business Bureau accreditation so it currently has a C- rating due to lack of information. Lending Tree gives E-Loan a overall rating of 4.4 out of five and you can read a few reports at Ripoff Report.
Sumary of E-Loan Review
E-Loan is customer oriented and they offer a complete bach of financial services safely and simply to customers. Their rates are competitive but as always check Bank Truth for the best bank accounts,such as CDs, Money Market, and Savings Rates. Their minimum balances are higher than the industry average. But with their FDIC backing through BPNA which has been around for 116 years and their national recognition for customer respect, privacy, and one of the safest places on the web makes E-Loan a sound choice.
(No Ratings Yet)
Loading ...
