Frequently Ask Questions

Frequently Ask Questions about loans and remortgages answered by eloans.co.uk

How much money can I borrow?
Depending on the level of security you can offer and your ability to meet the monthly repayments, you can borrow any amount from £3000 to £1 million. Simply tell us how much you want to borrow and we will arrange the right loan for you.

What if I need to borrow more money later on?
No problem! Just contact us again either online or call on 0800 0736 353. We already have your details which will speed up the process still further. If your application is successful, all that's left to do is to send you your money!

How do I repay my loan?
Loans are usually repaid by direct debit through your bank or building society. In some instances, a payment book may be available for you to record your payments.

Over what period of time will the loan be repaid?
Loans are repaid from anything between 60 months and 300 months with a monthly repayment to meet your budget. You can check our repayment guide for more help or if you prefer, contact us online or call our friendly advisors on - 0800 0736 353.

Am I able to settle my loan early?
Yes! You will be given a settlement figure if you wish to settle your loan early, the interest due will be discounted to allow for the shorter period you are taking to repay your loan.

What if I fall ill or made redundant?
For just a little extra, we strongly recommend that you take advantage of the comprehensive life, sickness, accident and redundancy cover available to you with all our loans to cover you against any unforeseen circumstances. Remember, your home is at risk if you do not keep up repayments on a mortgage or loan secured on it.

How confidential is my application?
Your application is treated in the strictest of confidence. You can rest assured that no contact is made with your employer or bank unless you have given us prior written consent to do so.

What happens if I want to move house?
It's simple! We will advise on the best course of action for you. You could simply settle the outstanding balance of the loan from the proceeds of your sale. Alternatively, we may be able to transfer the loan to your new property.

What regulating bodies cover your industry?
It truth there are a few regulating bodies covering the financial services and leanding industries, we have a whole page dedicated to these regulators here - Financial Regulating Bodies

Can't find the answer to a specfic question you have, why not contact us and speak to one of our advisors who can answer your questions and help you with your loan application.