Electroloans Reviews 

Warning to Ontario residents: Electro Loans operates with conflicting contract terms, hidden schedule discrepancies, and predatory fees. To make matters worse, they do not hold a valid lending license in Ontario. When you catch their errors and protect your bank account, they resort to aggressive, automated collection spam using fake names begging for E-transfers. Complete bait-and-switch operation. Avoid them at all costs.

DO NOT use this company!! They sent me a contract and told me I would receive the fund between 3 pm and 8 pm. I did not receive anything!! And when I email them about it they ignore me. Then tell me it wasn’t approved….Have a signed contract!!! They refuse to reply. STAY AWAY!!! If you really need money use anyone else but these incompetent people!

Loan got approved but did not receive the funds. Breach of contract

Electroloans is a horrible company apparently they changed there policy i have been a reliable customer for over 2 years I get an email from them minday saying I can renew and then they tell me now I cannot renew it horrible service and they know how to wreck christmas for someone

My friend WITHOUT MY KNOWLEDGE put me down as a reference. Im guessing this friends owes them money ? I have no clue as I haven't seen this friend in over a year
This place is calling me everyday!
You guys should have actually used me as a reference cause I would have told you that you were probably not getting your money back but instead a "reference" to you means someone to harass when you dont get paid.
Calling me on a unknown number so I can't block or call back.
This has NOTHING to do with me.

This is my review with Electro Loans. I have missed my payments because of financial issues with life. I pay little by little but no plan of running. I communicate. If you missed their call they will start to harass you in so many ways. Her name is SARAH. She was calling our office every seconds. She was calling my refences too. She wants to speak to my boss. I only have less than 200 credits. But they will ruin your life. I now have decided to report them to the police especially SARAH for harassment. Attached the details of Electro Loan.

They are nothing but bullies! Missed a payment and have been trying to reach them to send in that payment. They ignore me and instead proceed to take the money at whatever date pleases them. The only time they respond is if you insult them. They are rude, arrogant and just plain bullies. Not worth dealing with when there are other companies out there that have actual kind, decent human beings working for them. Will never make this mistake again

Electro loans borrowed from then missed 1 payment sent 2 payments before the second payment was due and they still tried debiting my account when I sent in the second payment early for 2 payments now says I owe $65 for a second late payment when they received 2 payments and the third payment isn’t due until December 13. Loan sharks and scammers I’ll write and put all over online these scammers electro loans

Rude, swears at you. Sent funds to wrong address after contract was signed and refused to correct it. Threatens and harrasses for payments even though I didn't receive any of the funds I signed for. Horrible people to deal with. Loan sharks. STAY AWAY, DO NOT TRUST!!!

So far trust worthy. 2 hour deposit time. Fast approval. Avoid other loans. Very reasonable with money problem. Makes me want to trust more.