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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Even Financial Personal Loan Review

Jessica Cotzin Jessica Cotzin Last update:
Est. APR
4.99-35.99%
Max loan
$100,000
Term
24-84

While going on a big vacation or indulging in some much-needed home remodelings can be exciting, searching for the right personal loan isn’t exactly something you want to spend days or weeks researching and learning about.

What’s handy about loan marketplaces like Even Financial is that they greatly reduce the time it takes to explore personal loan options by quickly matching borrowers to safe and reputable lenders within their network. By submitting a simple and easy online loan application form, users can find out what they qualify for and compare lenders all in one place.

Founded in 2015 and based in New York, Even Financial is a free service that works with a variety of trusted lending partners such as Lending Club, Best Egg, Upgrade, Prosper, and more. In addition to offering consumers personal loans, Even Financial helps borrowers find other financial products such as credit cards and savings accounts.

Even Loan Types and Terms

Loan types
  • Personal Loans
  • Credit Cards
  • Savings Accounts
Loan amount $1,000 – $100,000
Repayment terms 24 – 84 months
APR 4.99% – 35.99%
Minimum credit score No minimum
Lender type Even Financial is a multi-lender marketplace with vetted lenders.
Good for: Personal loans, range of credit scores

Who Even Financial is Good For

  • Personal loans
  • Range of credit scores
  • Big and small loans

Even Financial helps connect borrowers to a nice lineup of financial products, such as credit cards and savings accounts from reputable online lenders, but their strength is in their personal loan connections.

Whether you’re looking for a big loan or small, Even Financial offers a solid personal loan range of $1,000 up to $100,000, which can be used for virtually anything—a wedding, vacation, medical bills, you name it.

A benefit to using their free service is that there is no credit score minimum, making Even Financial appealing to those with a range of credit scores. Borrowers can easily apply and see if they’re pre-approved in a matter of minutes. APR rates range from 4.99% – 35.99% and depends largely on your financial profile, which includes credit score, debt-to-income ratio, and income.

Even Financial Pros:

  • Caters to those with a range in credit scores
  • Offer a solid personal loan range—perfect for those looking for a big loan or small
  • Their lenders’ repayment terms go up to 7 years, which is comparable to, if not better than, similar lenders.
  • Their initial pre-approval application form requires just a soft credit check, which won’t harm your credit score.
  • The application form takes just under 2 minutes to fill out.
  • Even Financial quickly connects you to lenders you’re pre-approved for, displaying loan offer details so you can compare rates.
  • You can get in touch with a representative easily over the phone.

Even Financial Cons:

  • Their personal loan quotes are limited to third-party lenders and do not include credit unions or banks, which might offer better rates and terms.
  • Varying terms from different lenders means you’ll have to carefully review each lender’s offer and terms based on your approval results.
  • While they claim that borrowers can receive funds as quickly as the next business day, the time really depends on the lender.

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How to Apply

To get started matching up with lenders you qualify for, fill out Even Financial’s quick online application form. It runs a soft credit check, so you don’t have to worry about hurting your credit score. A hard credit check will only be required once you finalize with a specific lender.

The application will ask a few questions about your loan, such as the loan amount, the loan purpose, and what your credit score is. It will also ask you for some of your personal information, your contact information, and some employment details.

Once you submit the form, you’ll be instantly matched with offers from lenders in their network who you qualify for. These lenders will include the loan offer amount, the monthly payment amount, the year term, APR, and interest rate. To move forward with an offer, all you have to do is create a password and then submit a few more details to finalize it.

Terms & Requirements

While the results of the initial application form will get you some quick numbers to look at, it’s only once you’ve submitted an application with a lender (with a hard credit check) that you’ll be able to see the final loan terms, rates, and fees.

Loan Requirements

  • While there is no specific credit score minimum, lenders do look at credit score among other aspects of your financial profile, such as debt-to-income ratio, income stability, and credit history.
  • Even Financial does not specify any loan requirements since it varies depending on the lender.

Loan Terms

  • Terms, rates, and fees vary depending on the lender. APR rates, however, range from 4.99-35.99%
  • A personal loan amount ranges from $1,000 to $100,000

Repayment Terms

  • Anywhere from 24 – 84 months.

Privacy & Security

Even Financial is a reputable online loan marketplace that only partners with trusted lending institutions. They keep borrowers’ data safe through the use of 256-bit encryption, which is the industry standard.

Customer Support

You can get in touch with Even Financial via phone, email, or online contact form. While they did not respond to our contact form inquiry, it was quick to get in touch with them on the phone.

It’s always helpful to be able to reach an agent if you have any questions about their services.

It should be noted, however, that once you decide to move forward with a specific lender, communications will be moved to that lender primarily and not Even Financial.

Final Thoughts

Even Financial removes the arduous personal loan search process by providing a free marketplace of vetted lenders so you can compare rates and terms quickly and easily. It’s safe and easy to use, and their online application form takes just under two minutes to fill out.

While they don’t include quotes from banks or credit unions, their network of trusted lenders offers competitive rates and terms, making the loan process fast and efficient.

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Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Jessica Cotzin Jessica Cotzin
Jessica Cotzin is a writer and the Lendstart authority on small businesses and personal loans. She has been writing about personal finance and the loans industry for a number of years, and holds a bachelor’s degree in journalism from Florida Atlantic University.
This review is based on the writer's personal opinion.