ONLINE LOANS POWERED BY YOUR CAR

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With loel you can borrow money against your car, complete the entire process online, and get the best loan rates nationwide.

Why borrow with loel?

LOW INTEREST RATES

 

When your loan is backed by your car, the risk to the lender is reduced. This means you can borrow larger amounts and pay less interest.

LOW CREDIT SCORE? NOT A PROBLEM

 

Because your loan is backed by your car, your credit score is not an obstacle. Our mission at loel is to make fair loans more accessible to everyone, regardless of the traditional credit system.

COMPLETE ONLINE PROCESS

 

We have no physical branches. Instead, we use smart technology to verify your car condition. This means less overheads, which translates into to better rates for you.

GET FUNDS WITHIN 24-48 HOURS

 

Our unique online process saves you time. Once you and your car are found eligible, the funds are transferred into your account within 24-48 hours.

GET MORE MONEY.

PAY LESS INTEREST.

DO IT ALL ONLINE.

 

loel is the only online lender that uses your car as collateral against your loan. Because you’re borrowing against your car, we can offer you bigger loan amounts with lower interest rates. Once you and your car are found eligible, chances are loel is the smartest loan out there.

BORROWING AGAINST YOUR CAR

THE LOEL PROCESS EXPLAINED

1

Enter your car details and your personal information.

2

Choose the amount you need and the time you want it for.

3

Film your car using loel’s app. The whole thing takes minutes.

4

Congratulations!

 

Give loel permission to register a lien on your car, an the loan is transferred into your account within 24-48 hours.

THE BEST LOAN YOU'LL FIND ONLINE

BACKED BY YOUR CAR