# Any Dopers used eloan.com? **URL:** \ **Category:** In My Humble Opinion\ **Created:** [April 26, 2004, 3:23am UTC](https://boards.straightdope.com/t/any-dopers-used-eloan-com/242016 "2004-04-26T03:23:02Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![Bottle\_of\_Smoke](https://avatars.discourse-cdn.com/v4/letter/b/b9e5f3/32.png) [@Bottle\_of\_Smoke](https://boards.straightdope.com/u/Bottle_of_Smoke)\ **Post date:** [April 26, 2004, 3:23am UTC](https://boards.straightdope.com/t/any-dopers-used-eloan-com/242016/1 "2004-04-26T03:23:02Z")
So I’m in the market for a new minivan and I was rate shopping my local banks as well as some national ones with online loan offers (Capital One, etc) and it looked like eloan had a pretty decent rate for a new car loan. Does anyone here have any experiance with them? Rave reviews or horror stories? I’ll take other recommendations if ya gots 'em as well. ---
**Author:** ![suezeekay](https://avatars.discourse-cdn.com/v4/letter/s/839c29/32.png) [@suezeekay](https://boards.straightdope.com/u/suezeekay)\ **Post date:** [April 26, 2004, 5:49am UTC](https://boards.straightdope.com/t/any-dopers-used-eloan-com/242016/2 "2004-04-26T05:49:44Z")
Last Feb. I went online to Eloan and applied for a used car loan on a sunday. They let me know monday morning that it was approved and I had the check in my hands the next day (I paid $15.00 for overnight delivery). At that point there is no obligation until you negotiate the check. I went to the dealership, they filled out the simple paperwork according to the instructions which came with the check and I walked out with the car. Forty-five days later eloan debited my bank account for the first payment (you get the lowest rate if you let them debit; against my religion but for the half point I relented). It was absolutely the easiest loan process I’ve ever gone through. I have an excellent credit rating so that helped I’m sure. It was the lowest rate of several I checked (4.85%/60 months). Good luck.