E-LOAN and United Airlines Partner to Provide Unlimited Mileage Rewards for Online Borrowers

by Staff

February 28, 2001

2 min to read

E-LOAN, Inc. (www.eloan.com), an online lending company, announced on Feb. 28 a partnership with United Airlines to provide United's Mileage Plus members 1,250 miles for every $10,000 financed for a mortgage or home equity loan, and 3,500 miles for any size auto loan financed through E-LOAN.

By financing a loan through E-LOAN, Mileage Plus members can earn miles for worldwide travel on United and any of its travel partners.

"This partnership makes financing a home, auto or home equity loan through E-LOAN even more rewarding for United Airlines Mileage Plus members," said Joe Kennedy, E-LOAN's president and COO. "And from a business perspective, it allows us to expand our customer base by reaching a highly attractive target demographic."

"As one of the best frequent flyer programs in the country, we look to partner with leaders in other industries who share our dedication to providing high quality products and superior customer service," said Scott Praven, president of United Networks.

At E-LOAN, consumers can begin by shopping for a loan without entering any personal information. When they're ready to apply, they can complete an application and receive a decision within an hour for auto or mortgage loans, and within seconds for home equity loans.

Mileage Plus members can log onto www.united.com and click on Mileage Plus partners or go to www.eloan.com/united for more information. Members can also call 1-887/E-LOAN-YES to speak to an E-LOAN representative.

About E-LOAN, Inc.

E-LOAN, Inc., an online lending company, offers consumer loans and debt management services online at www.eloan.com

E-LOAN offers a broad choice of products from many lenders for mortgages, home equity loans, auto loans, credit cards and small business loans in a secure online environment, combined with comprehensive personal service from dedicated loan consultants.

Through the fourth quarter of 2000, E-LOAN originated over $3.7 billion in consumer loans. The company's loan processing centers are located in Dublin, Calif. and Jacksonville, Fla.

E-LOAN, Inc. is publicly traded on the Nasdaq system under the symbol EELN.

Topics:F&I

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