Frequently Asked Questions (FAQ)

No – Using Elekti is always free for you. Comparing loan offers and receiving proposals will never cost you anything – not now and not in the future. We do not charge any hidden fees, annual fees, or any other costs for using our service. You can confidently submit your application and compare offers without worrying about any charges.

No, it does not. Submitting a loan application and receiving offers does not obligate you to accept any loan. You can request offers in advance, compare them, and decide not to take a loan if none of the options feel right for you. The decision to take a loan is entirely in your hands.

Simply comparing loans through Elekti will not harm your credit score.

Most applicants receive their first loan offers immediately after submitting the application – often within just a few minutes. All your offers will appear in Elekti’s system (and you’ll also receive an email notification). Once you’ve chosen your preferred offer and signed the agreement, the funds are usually transferred to your account within 1–2 business days. With many banks, the money can even arrive on the same day if the agreement is signed early enough. Please note that transfers made during weekends or public holidays may be processed on the next business day according to bank schedules.

No, you don’t. All loans applied for through Elekti are unsecured – you won’t need to pledge assets such as your home, nor will you need a personal guarantor to get a loan. Lenders assess your ability to repay and your credit history when deciding whether to grant the loan. An unsecured loan is a quick and easy solution, as long as your financial situation is in good order.

Yes, you can. In Elekti, you can submit a joint application by adding a second applicant (for example, a spouse or a partner living in the same household). Both applicants’ details are included in the application, and the banks will assess repayment ability jointly. Having a co-applicant can improve your chances of getting approved for a loan and may even lower the offered interest rate, as a combined household is often seen as more financially stable. Please note, however, that both applicants are jointly responsible for the loan: if it is granted, you will share full liability for its repayment.

Yes. You can always choose to repay your loan faster than planned if your finances allow it. Most lenders enable extra repayments or full early repayment without any penalties. This means you can save on interest costs as your loan term shortens. However, check your loan agreement for details: in rare cases, there may be a small fee for early repayment (depending on the type and amount of the loan), but for consumer loans these charges are legally limited to very small amounts. In most cases, you can confidently make additional payments or pay off the loan early without concern.

Elekti’s business model is based on partnerships with banks and financial institutions. We only receive a commission if you find a suitable loan through us and sign an agreement. The banks genuinely compete on loan terms, and we ensure that the choice is entirely yours. We operate transparently, with no hidden fees or steering. You can trust that our goal is to help you find the best possible loan offer – our success is built on our customers’ trust and satisfaction.