Elastic is offering new customers the opportunity to apply for an Elastic Line of Credit. New customers that have received an invitation in the mail to apply for a line of credit from Elastic can visit www.yourelastic.com and complete the online application. After completing the application customers will receive an instant decision on their acceptance. The full amount that you are pre-approved for is highlighted on the offer letter you received in the mail so you will be applying for that amount.
When customers visit www.yourelastic.com to apply for a loan account they will need to enter some personal information such as your Enrollment code (highlighted on the mailer – 6 digit code), state, zip code, first and last name, email address, create password, and mobile/home phone number. This is the first stage of the application process while the second stage requires a little more information concerning your salary, mortgage, employment, etc.
Elastic Line of Credit
The Elastic application process is short and sweet for customers that have been pre-selected because you’ve already met the criteria to qualify for a loan. It usually takes a few minutes after completing the online application to be approved and once approved and your credit line is opened you can access your available funds. The funds upon request can be direct deposited into your checking account whenever you need it. Customers can borrow as little as $20 or the maximum their credit limit will allow.
When considering the Elastic Line of Credit there are a few stipulations customers should be aware of. The stipulations are there is a 5% cash advance fee, a minimum charge for each billing cycle based on the unpaid principal, and there are no hidden fees or prepayment penalties. Customers will have to agree on the repayment terms and keep their account in good standing.
This pre-approval offer by Elastic is only available for a short period time. Customers will need to act on it prior to the expiration date which is noted on the mailer. If you need a personal loan for unexpected expenses try an Elastic Line of Credit