E-LOAN Europe today announced the launch of home loan websites in Germany and France. Now, German and French homebuyers and homeowners can search for rates among a dozen lenders in each respective country, and apply for a mortgage or refinancing online, just as consumers in the United States have for the past three years through the leading online lender, E-LOAN, Inc. (Nasdaq: EELN).

Both the French and German sites will extend their product offerings to include all types of consumer loans. Ultimately, E-LOAN Europe plans to offer consumers throughout the continent the opportunity to fulfill their financing needs and manage their debt online. E-LOAN Europe is a joint venture between E-LOAN, Inc. and @viso, a SOFTBANK and Vivendi joint venture.

"Germany and France comprise almost 50% of the $2 trillion European consumer debt market," said Mirko Siepmann, CEO of E-LOAN Europe. "E-LOAN Europe's early penetration into these key countries, combined with our pro-consumer values and commitment to providing lower financing costs and a seamless customer experience, are the foundation of building E-LOAN into the first consumer lending brand recognized throughout continental Europe."

Published: March 28, 2000

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