Apply for a loan
When you need a loan, Elekti makes the application process simple and reliable. Through our service, you can apply for a loan completely digitally – anytime, anywhere. One application opens the door to offers from multiple banks, allowing you to focus on finding the solution that best fits your situation.
Here’s how the process progresses step by step:
Fill out the loan application
Specify how much you want to borrow and the desired repayment period. The application form will ask for basic information about your financial situation (e.g., income, housing expenses) as well as your contact details. Filling out the application takes only a few minutes. Remember, applying is free and does not commit you to anything.
You will receive multiple loan offers
Once you’ve submitted your application, Elekti forwards it to our trusted partner banks and financing companies. They will assess your application and provide you with personalized loan offers. You often receive the first offers within just a few minutes of submitting your application. All the offers you receive are compiled into a clear overview, making it easy to compare interest rates, monthly payments, and other terms side by side.
Compare and choose the best option
Take your time comparing the offers. Pay special attention to the annual percentage rate (APR), which shows the total cost of the loan, including interest and any fees. If needed, you can sort the offers by the lowest interest rate, smallest monthly payment, or fastest repayment period – whatever matters most to you. The choice is entirely yours: you can select the offer that feels best or decline all offers if none meet your needs.
Sign the agreement and withdraw the loan
When you find a suitable loan, proceed to accept it. You will securely sign the loan agreement using your online banking credentials through the bank’s service. After that, the bank you chose will transfer the loan amount to your account – ideally, the funds will be available to you the same business day. If you decided to consolidate old loans with the new one, make sure to use the funds to pay off your previous debts.
The application process made effortless
The application process has been designed to be as effortless as possible, making borrowing thoughtful and safe. When applying for a loan, remember to choose an amount and repayment period that suit your needs. If needed, our customer service is here to assist you along the way – whether it’s filling out the application or understanding the offers, we’re here to support you. Be sure to check out our pages “How Comparison Works” and “Frequently Asked Questions” for more information about our service before applying.
