E-Loan in Finance Deal with EBay

Online lender E-Loan Inc. (NasdaqNM:EELN - News) on
Monday said it entered into an agreement with eBay Inc.
(NasdaqNM:EBAY - News) to provide financing to consumers who buy cars and
motorcycles through the online auctioneer, sending E-Loan
shares up as much as 34 percent.

E-Loan, which is based in Pleasanton, California, said
users of eBay Motors can complete their purchases as soon as 24
hours after they apply for E-Loan financing.

It said this financing is usually at lower rates than are
available at banks or credit unions, and does not require
vehicle inspections or appraisals.

Other lenders that offer financing to vehicles bought on
eBay Motors include Capital One Auto Finance (NYSE:COF - News), GE
Consumer Finance (NYSE:GE - News) and HSBC Auto Finance (London:HSBA.L - News; NYSE:HBC - News),
according to eBay Motors' Web site.

E-Loan did not immediately return calls seeking further
comment.