ADVISORY/Chris Larsen, E-LOAN Chief Executive and Consumer Advocate, to Testify on Credit Scoring at the House Banking Subcommittee on Financial Institutions.

Business Editors

ADVISORY...Thursday (Sept. 21)

--(BUSINESS WIRE)

E-LOAN To Serve as the Only Online Lending Company Represented in

Hearings On the Availability and Use of Credit Scores

WHAT:   Chris Larsen, CEO of E-LOAN (NASDAQ: EELN) (www.eloan.com), an
        on-line consumer lending company providing mortgage, auto,
        credit card, home equity and business loans exclusively over
        the Internet, will testify at the House Banking Subcommittee
        on Financial Institutions. E-LOAN strongly supports
        legislation to allow consumers access to their credit score
        data along with all the factors and data that go into those
        scores at any time and as often as the consumer chooses.

WHY:    As a staunchly pro-consumer company, E-LOAN began providing
        credit scores in February to its borrowers via its website
        before credit reporting agencies - under intense pressure from
        the creator of FICO scores, Fair, Isaac - urged an end to the
        practice. More than 25,000 borrowers logged onto the site to
        access their scores while the offer was available. Because
        credit scores have become so profoundly important in
        determining a  consumer's participation in the credit markets,
        E-LOAN believes it is essential to show consumers their scores
        so they could better understand their credit prospects and
        better manage their finances. Due to E-LOAN's continued
        dedication to the consumer, Chris Larsen was also asked to
        testify in front of the California Senate to remove the
        secrecy surrounding credit scores. The legislation passed on
        September 5 and is awaiting signature by Governor Gray Davis.

WHEN:   Thursday, September 21, 2000
        10 a.m. EST

WHERE:  Rayburn House Office Building, Room 2128

MEDIA:  Please call Tiffany Kelley, E-LOAN Public Relations Manager,
        at 925/899-2647 or Laurie Logan at Cosmo Public Relations at
        415/664-8455 to schedule an interview.

About E-LOAN, Inc.

E-LOAN, Inc., a leading online lending company, offers consumer loans and debt management services online at www.eloan.com. E-LOAN has reinvented the consumer loan process by offering consumers an easier, more affordable and hassle-free way to get a loan. 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, unbiased loan consultants. In 1999 through the second quarter of 2000, E-LOAN originated over $2.5 billion in consumer loans. The company's loan processing centers are located in Dublin, CA and Jacksonville, FL. E-LOAN, Inc. is publicly traded on the Nasdaq system under the symbol EELN.