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Even Financial Reviews

8.8

bestfor-icon Over 1,000 Trustworthy Lenders

angelawatson
Written by Angela Mae

About Even Financial | Read More

8.6

LS Score

10

Credibility

9.3

Support

6.7

Accessibility

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Opening Hours Opening Hours drop-down-btn
Mon - Sun 24/7
Contact Information Contact Information drop-down-btn
  • help@evenfinancial.com
  • (800) 410-1488
  • Headquarters: 50 West 23rd Street, Suite 700 New York, NY 10010
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Even Financial Personal Loans Review

Through its lending partners, Even Financial offers personal loans for an array of purposes, such as debt consolidation, home renovations, and medical bills. Personal loans range from $1,000 to $250,000 and have an estimated APR of 2.49% to 35.99%. While the specific terms depend on the application’s credit and financial profile, they can be competitive.

Even Financial Personal Loans Highlight

550

Min Credit Score

3.84-35.99%

APR. Fixed Rate

$1K-$100K

Loan Amount

24-84 months

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

N/A

Other Fees

Varies

Origination Fee

Varies

Prepayment Fee

Pros & Cons

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  • con-icon Large and small personal loans for nearly any purpose
  • con-icon Flexible repayment options with terms ranging from 6 months to 12 years
  • con-icon No hard credit required for the initial pre-approval process
  • con-icon Quick application and rate comparison options
  • con-icon Personal loans mainly come from third-party lenders, rather than banks or credit unions, so the rates may be higher on some offers
  • con-icon Things like rates, terms, and time to funding depend on the lender
  • con-icon While carefully vetted, each lender has its own privacy, customer service, and reputation

Loan Purpose

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  • Credit Card Refinance
  • Debt Consolidation
  • Major Purchase
  • Medical Expenses
  • Relocation
  • Student Loan Refinance
  • Vacation
  • Wedding

Loan Type

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  • Secured Personal Loans
  • Unsecured Personal Loans
  • Fixed-Rate Personal Loans
  • Variable-Rate Personal Loans
  • Co-singer / Joint loans
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Even Financial Personal Loans Terms & Requirements

Since Even Financial isn’t a direct lender, the personal loan terms and eligibility requirements vary across lenders. After filling out the initial application, you’ll receive a quick overview of what loans you might qualify for, and at what rates. However, you won’t know the specifics until after heading over to an individual lender’s page. The final loan terms and details are also not available until after completing an application with the lender.

In terms of eligibility, lenders will typically look at things like credit score and history, debt-to-income ratio, and income. Most lenders also require borrowers to be at least 18 years of age before applying. This is normal in the industry.

How to Apply

To get started, fill out Even Financial’s application form online. It only takes a few minutes and does not affect your credit score.

Step 1

Compare personal loan offers in less than 60 seconds

Step 2

Why do you need a loan?

Step 3

How much do you need?

Step 4

What's your approximate credit rating?

Be prepared to answer a few questions about the loan, such as the desired amount and purpose. You’ll also need to provide some details about your employment, income, education level, military status, and contact information (name, date of birth, address, etc.). Finish the application by providing your social security number.

From there, you’ll instantly receive a list of offers from lenders. These offers will include basic information about the loan, such as the amount, terms, and interest rate.

Once you’ve found a suitable offer, create an account – username and password – and move forward with the application process.

Qualification Requirements

Although every lender is different, here are the typical qualification requirements for a personal loan:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Meet the individual lender’s credit score, debt-to-income ratio, and income requirements

Application Steps & Time Frames

  • The time it takes to complete a loan application depends on the lender. Most applications only take between 10 and 15 minutes, though.
  • The time to funding varies by lender, but some lenders will disburse funds within 1 business day of approval. This is fast in the industry.

State Availability

- Available in all states

angelawatson
Written by Angela Mae

Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.

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FAQ’s

Is Even Financial a direct lender?

Even Financial is a free online marketplace that lets you compare different financial products and services. It’s not a direct lender, but it partners with over 1,000 lenders that can help you find the best option for you.

What types of loans does Even Financial offer through its network?

The platform has a variety of loan products, including personal loans, student loan refinance, auto loan refinance, debt consolidation loans, and lines of credit.

Does Even Financial collect data from minors?

No, the platform does its best to not collect information from anyone under the age of 13. This is part of its Privacy Policy. It tries to discourage minors from using the website or submitting personal information. It also strives to delete any such information promptly.

Customer Support

Even Financial has solid customer support, especially for an online marketplace. There’s a phone number, email address, and online contact form you can use to get in touch with them. They tend to be most responsive to phone calls.

Online, Even Financial has mixed reviews about customer support. Some reviews indicate reliable, friendly service. Some say follow-up communication is slow.

Regardless, if you have any questions or concerns about the platform’s services or pre-approval process, you’re encouraged to get in touch with a representative. However, once you’ve chosen a loan product or service, you’ll need to communicate with that lender instead of Even Financial.

Privacy & Security

As is standard for the industry, Even Financial uses 256-bit encryption technology to keep user data safe and secure. The lenders within the marketplace are also carefully vetted, so there’s a lower risk of ending up with one that’s unreliable. Each lender has its own privacy and security, though, so check with them before signing up for anything or providing personal information.

In Conclusion

One of the biggest advantages to using Even Financial is its large network of reputable lenders. The online marketplace has successfully helped facilitate over $6 billion in financing on its platform. It also has an easy pre-approval process that lets you compare rates and terms in minutes.

The main downside is that Even Financial doesn’t provide specific quotes or estimates from credit unions and banks. However, its partner lenders do tend to offer competitive rates. And, because it’s a large platform, there’s a good chance that you’ll find a loan or credit card that works for you.

Brand Disclaimer

Disclaimer: The material provided on this site is not intended to provide legal, investment, or financial advice or to indicate the suitability of any Even Financial product or service to your unique circumstances. For specific advice about your unique circumstances, you may wish to consult a qualified professional. Any information or statistical data sourced by Even Financial through hyperlinks, from third-party websites, are provided for informational purposes only. While Even Financial finds these sources to be accurate, it does not endorse or guarantee any third-party content. Loan Example: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected. In this case the total amount expected to pay by the borrower will be $13,680