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Excel Online Loans

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Who Is Excel Online Loans?

Excel Online Loans is a loan aggregator that allows you to shop around for competitive loans with just one application rather than filling in a bunch of foams with just a few lenders. You can borrow anywhere from $500 up to $20,000. You need fair credit to a loan from their network of lenders but if your credit is not the best, you will be given shorter term loans with higher rates. Their loan maturites range from 2 months to 6 years.

Excel Online Loans is also part of OLA (Online Lenders Alliance). They represent a network of online loan lenders. OLA members have a list of best practices and Code of Conduct which they have to abide by to ensure customers treated fairly, fully informed and are transparent.

Typical Loan that ExcelOnlineLoans Offers

A typical personal loan from Excel Online Loans has a loan maturity of up to 6 years. If your credit is bad, you might a loan with a much shorter maturity of between 2 to 18 months. The interest rate will vary depending on how good your credit profile is.

Requirements and Qualifications

To get approved for loan from lenders, you will need to at least meet the following requirements:
  • Regular Income - ExcelOnlineLoans does not state the minimum income requirement. They only state you need regular income. Many other loan aggregators require a minimum of $800 to $1,000 income so you should take that as a guide.

  • Fair Credit Score - You need a fair credit score (at least 650) to get approved for a personal loan. If your score is lower, you might be offered only shorter term loans with higher rates.

  • Checking or Savings Account - Once you sign up with a lender that is willing to lend you and you agree to their terms, they will transfer the money into your checking account. That is why you need to have a bank account to take advantage of Excel Online Loans.


Loan Co Amount Excluded States Not Eligible Min Income
Excel Online Loans $500-$20,000 NY, DC, WV N.A. N.A.
Zippy Loans $100-$15,000 NY N.A. N.A.
Viva Loans $100-$15,000 NY, WV, DC N.A. N.A.
Signature Loans $100-$35,000 N.A. N.A. N.A.
Next Day Personal Loans $100-$40,000 CT, NH, WA, VT No Military Personnel N.A.
Life Loans $100-$40,000 CT, NH, WA, VT No Military Personnel $1,000/m
Honest Loans $400-$50,000 NY No Military Personnel
No Federal Employees
Fast 5k Loans $100-$10,000 NY, VT, WV, AK No Military Personnel $800/m
Bad Credit Loans $100-$10,000 N.A. N.A. N.A.
24/7 Loan Pros $1,000-$35,000 NY, VT, WV, AK No Military Personnel $800/m
100 Lenders $100-$40,000 CT, NH, WA, VT No Military Personnel $1,000/m

As you can see from the table above, there are many loan aggregators you can use to shop for loans. What makes Excel Online Loans stand out is that while some aggregators require that you have a job income to qualify for a loan, Excel Online Loans just require regular income. Furthermore, they accept military personel (which many aggregators do not). You do have to be aware that if you are from NY, DC and WV, you are not eligible. While Excel does not list a minimum income or credit score, you should have a decent incoe (maybe at least $3,000 a month) and a fair credit score (at least 650) to get a decent loan and rate.

Pros and Cons


  • Reasonable range of loan amounts - allows you to borrow between $500 and $20,000. This is quite a large range and should suit most of you.

  • No minimum credit score but... - allows all credit scores. However, if you want to get a personal loan (rather than an installment loan or very short term payday loan), then you need to have fair credit scores.

  • Borrow Up to $20,000 - You can borrow up to $20,000. This should be enough for most borrowers.

  • Benefits Income Accepted - accepts benefit income as your source of income (in contrast to other aggregators)

  • Military Personel Can Apply - Military personel can apply for loans through the network.

  • Process is Fast - The application process is fast, easy and relatively painless.


  • Residents from NY, DC, WV Cannot Apply - Lenders from the network do not accepit applicants from the State of NY, DC and Wv.

Our Take offers a wide range of loans ranging from $500 to $20,000. They offer short term loans, installment loans as well as personal loans for those with not so stellar credit. For personal loans above $5,000, their lenders will require you to have fair credit.

There are several things that we like about The first is that military personel can apply. Secondly, those whose income derive from benefits can also apply. Thirdly, legal residents and permanent residents of the US can also apply. The only thing you have to be aware of is that if you are a resident of NY, VT and WV, you cannot apply for loans through You should consider loan aggregators like, which allow residents of all states to apply and they also allow you to get a loan of up to $40,000 if the $20,000 limit on is not enough for you.

To sum up, ExcelOnlineloans is one of the better loan aggregators out there. If you intend to borrow an amount between $500 and $20,000, then you should definitely check out their network of lenders and apply for a loan through them.

Loan Process and How to Apply?

Excel Online loans makes the application process rather easy. You simply need to fill in an online form and once you submit it, your profile will be matched with lenders who are willing to lend to someone of your credit and income profile. You may get offers and if you do, then you should read the terms and conditions carefully. And if you like what you are offered, you have to e-sign it with the lender and funds can be deposited in your checking account as soon as the next business day. You might also be called by lenders if they need more information from you.

What I like about the the application form is that it is all on one page. Some sites make you fill in one piece of information and then the next page will appear with another question and it might seem like you do not know when it will end. With Excel Online Loans, you get to see all the information you need to provide on one page. Below is a screenshot of the online application form.

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