How it Works

 

At EastLink Loan we have thought long and hard about how we can make the process of borrowing money fast and simple

1.    Apply Online:

Fill in our simple application form and we will make a decision in principle straight away. Just choose how much you want to borrow, the days, or weeks you want to borrow it for, and how many repayments you would like to make.

2.     A quick chat:

Once we've received your application, you'll be assigned a personal Customer Care manager. Depending on your circumstances they may need to give you a quick call to confirm a few details. This call usually takes no longer than 5 minutes. If we are able to assess your application fully using our Credit reference Agencies we may not call.

3.    Digitally sign your loan agreement:

Once we have carried out all the affordability and credit checks our end we will text you a loan link and ask you to read and digitally sign your Loan Agreement. You'll be able to do this on your mobile, tablet, or computer. 

4.    Receive your loan:

Money will be transferred into your account within 15 minutes of signing your Loan Agreement.

5.     Repay your loan:

Whether you have taken out a short term loan or an instalment loan. The scheduled payments will be automatically taken from your account on your agreed repayment dates.

A few more things you may want to know 

​

As a responsible lender we take the obligations of Treating Customers Fairly very serious. We do this by assigning each and every customer with a personal Customer Care Manager who will manage your account. This way we can always be sure we are making good lending decisions. Rest assured that they will be one call away to help you with any query or change in circumstances you may have.

 

​

Paying early is cheaper for you

You can choose to pay your loan off early at any point. If you do this we will be able to remove interest from your loan. This is because we will only charge you interest for the days you borrow.

​

No hidden fees

At EastLink Loan  we only charge you interest on the days you’ve borrowed and our default fees are capped at $15. 

 

Flexible repayment dates

When we issue you with your loan we will set up scheduled repayment dates. However, if you need to change the odd repayment here or there, you can do this by making a request directly to your Customer care manager. We believe flexibility is key in offering the best possible loan service.

 

About our loans

Please only apply for a loan if you are confident that you are able to make the repayments. Missing repayments may have a negative effect on your credit rating and make it more difficult for you to obtain credit in the future.


If you are thinking of extending or consolidating existing borrowing you should be aware that it may involve paying more in interest charge as you will be extending the term of the loan. We will never increase the rate of interest you pay.