Fiona Review
8
Visit Site

Fiona Reviews

8
Angela Mae Watson

WRITTEN BY

Angela Mae Watson

Over 100 lending partners
Over 100 lending partners
About Fiona

Founded in 2015, Fiona is an online marketplace based in New York. It offers various financial services, ranging from loans to saving accounts and credit cards. Not only is it free to use, but it’s also transparent about its requirements and network providers.

Fiona also has a dedicated “Learn” section that’s designed to teach people about different financial services and what they mean. This is especially useful for people who are new to personal finance or who need help making smart decisions about their money.

9.0

LS SCORE

7.0

CREDIBILITY

7.0

SUPPORT

7.0

ACCESSIBILITY

Fiona Personal Loans Review

Since 2015, Fiona has been a leading marketplace that lets individuals search for and compare personalized personal loan offers across lenders. The marketplace has originated more than $1.7 billion in personal loans since its launch.

Fiona Personal Loans Highlights

LOAN AMOUNT

$10,000 - $250,000

LOAN REPAYMENT TERM

2-7 years

MIN CREDIT SCORE

550

APR FIXED RATE

5.99% - 35.99%

FUNDING TIME

1 days

ORIGINATION FEE

1%-6%

PREPAYMENT FEE

None

OTHER FEES

N/a

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons

  • Reputable marketplace with dozens of lenders
  • Comparison tool with personalized loan offers
  • Simple and secured application process
  • Personal loans available for borrowers with poor or limited credit
  • It’s not a direct lender, so terms, fees, rates, and eligibility requirements are limited until receipt of an offer
  • Although APR may be low, it can also be as high as 35.99%
  • Maximum loan repayment period is 7 years, which may be short for larger loan amounts

Personal Loans Types

  • Secured Personal Loans
  • Unsecured Personal Loans
  • Fixed-Rate Personal Loans
  • Co-singer / Joint loans

Loan Purpose

  • Credit Card Refinance
  • Debt Consolidation
  • Home Improvement
  • Major Purchase
  • Medical Expenses
  • Household Expenses
  • Relocation
  • Vacation
  • Wedding
  • Other

Fiona Personal Loans Terms & Requirements

The terms and requirements depend on the lender, but most lenders require the same basic information at least. This includes things like:

  • US citizenship
  • Minimum personal income
  • Verified bank account to receive funds
  • Other personal data – date of birth, education level, gender, financial history, marital status, etc.

The terms are generally no longer than 7 years, which is shorter than is standard in the industry. However, some lenders may offer more flexible or custom repayment terms.

How to Apply

Fiona’s application only takes about 5 minutes to complete. Head over to the “Personal Loans” section and provide the following information:

  • Estimated credit score
  • Zip code
  • Loan purpose
  • Loan amount
  • Contact information – email address, phone number, name, mailing address, etc.
  • Housing situation
  • Education level
  • Estimated current debt amount
  • Employment status and income
  • Social Security number
  • Whether you’re applying with a co-applicant
Screen 1

Type of loan

The platform will then show you the best options from its network. Once you’ve chosen one, continue to that lender’s application and complete their process. Remember to read through their offer before agreeing to anything.

Qualification Requirements

  • 550+ credit score
  • 18 years or older
  • Income Undisclosed
  • Job status Employed
  • Citizenship/residency US citizen
  • Debt-to-income ratio Undisclosed
  • Co-signer Not required but acceptable
  • Bank account May be required for funds disbursement
  • Required documents Depends on lender, but SSN and verified bank account are required

Required Information

Pre-approval with Fiona is easy, but it does require you to verify your contact information, identity, bank account, credit score, income and employment, credit card debt, and education level. If applying with a co-applicant, be prepared to include their information as well.

Application Steps & Time Frames

  • Fiona’s application process takes around 5 minutes to complete. You’ll then receive various loan terms from their partners. Depending on the lender, you may have to complete a separate application.
  • The time to funding depends, but some lenders can disburse funds within 1 business day via direct deposit. This is competitive with other marketplace lenders.

State Availability

Available in all states

Fiona Debt Relief Review

Fiona does not offer direct debt relief, but it does offer personal loans for debt consolidation, as well as refinancing options. These loans can be used to combine high-interest unsecured debts and credit cards.

Fiona Debt Consolidation Highlights

LOAN AMOUNT

$1,000 - $250,000

LOAN REPAYMENT TERM

2-7 years

MIN CREDIT SCORE

640

ORIGINATION FEE

None

PREPAYMENT FEE

None

OTHER FEES

N/a

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons

  • Personal loans can be used for debt consolidation or refinancing high-interest debts
  • Simple application that takes only a few minutes to complete
  • Funds may be available within 24 hours via direct deposit
  • Free and secure service
  • Besides debt consolidation and refinancing, there are no specific debt relief services
  • Repayment periods are only up to 7 years, while the industry average is usually 7 to 10 years
  • Terms and exact rates are not available until after the initial application
  • APR may be as high as 35.99%

Debt Consolidation Types

  • Debt consolidation loans

Fiona Debt Relief Terms & Requirements

The terms and requirements depend on the lender and the applicant’s credit and financial profile. Most lenders require the applicant to be a US citizen, have verifiable income, and a bank account. Other information may include date of birth, gender, marital status, and education level.

Qualification Requirements

  • $1,000 minimum debt
  • 640 credit score
  • Verifiable income and bank account
  • Employment information
  • Citizenship information
  • Personal and contact details
  • Bank account details
  • Co-signer’s details (optional)

Required Information

The pre-approval process can be done entirely online and generally requires your contact, personal, employment, and bank account information. It also requires a Social Security number. Most lenders will also ask for debt documents to verify your debt.

Application Steps & Time Frames

  • The application process takes around 5 minutes to complete. Once submitted, you’ll receive a personalized list of recommendations with a rough outline of their terms.
  • The time to funding depends on the lender but may be available within 24 hours with direct deposit.

State Availability

Available in all states

Fiona Student Loans Review

Fiona is a standout marketplace when it comes to financing student loans from major service providers. It partners with several dozen institutions and lenders to create personalized recommendations – at competitive rates. These loan offers come in real-time and are pre-approved upon completing a quick online application.

Fiona Student Loans Highlights

APR FIXED RATE

2.83% - 8.77%

MIN CREDIT SCORE

620

LOAN REPAYMENT TERM

24-84 months

ORIGINATION FEE

None

PREPAYMENT FEE

None

OTHER FEES

Yes

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Student Loans Type

  • Private student loans
  • Student loan refinance

Fiona Refinance Highlights

REFINANCE AMOUNT

$1,000 - $500,000

REFINANCE FIXED APR

1.97% - 8.94%

Pros & Cons

  • Conveniently compare different refiance offers from several lenders in one place
  • Initial application doesn’t hurt your credit score
  • Easy to navigate website and fast application process
  • Completely free service with no obligation to choose a loan
  • Not a direct lender, so terms and rates may vary
  • Fiona may share personal data with its partners or affiliates
  • Hard credit check may be required when applying through a direct lender

Fiona Student Loans Terms & Requirements

Fiona’s overall student loan refinancing terms are good for the industry. The application process can be more intense than what you’d find on other marketplaces. However, this also allows Fiona to offer the best, most competitive offers.

As a marketplace, the specific terms and requirements vary depending on the lender. Some lenders offer more flexible options, such as those with longer repayment periods or different amounts. Rates and eligibility are mainly based on the individual’s creditworthiness, income, and degree status. Some lenders accept co-signers to help improve the approval odds.

How to Apply

Fiona is built on simplicity, in a good way. Its online application process takes just a few minutes to complete and requires standard information, such as:

  • Personal information – full name, SSN, date of birth
  • Contact information – mailing address, phone number, email address
  • Annual income and pay frequency
  • Employment status
  • Highest education level
  • University name and last date enrolled
  • Estimated credit score range
  • Housing status (ex. rent or own) and monthly cost of rent/mortgage
  • Citizenship status (ex. US citizen, permanent resident, or visa holder)
  • Other assets
Screen 1

Refinance amount

There’s no hard credit inquiry at this stage, meaning there’s no impact to the applicant’s credit score. The time to funding depends on the lender, but some people receive funds within 1 business day after applying.

Required Information

Fiona’s prequalification process requires standard information about the applicant, including their personal and contact details, income and assets, and education level. To get started, simply go to Fiona’s website and apply under “Student Loan Refinance.” Keep in mind that individual lenders may require additional documentation or information.

State Availability

Available in all states

Privacy & Security

Fiona has standard privacy and security policies. These policies indicate what types of information Fiona collects and how the platform uses that information. Information primarily comes from filling out an online application and may include demographic data, account registration, personal records, feedback, and so forth. Fiona mainly uses personal data to help make the lending experience more personalized, as well as to connect you to the right service provider and loan.

The website and online application are also secured to protect consumer data. Most lenders in the network have similar privacy protections in place, though it’s wise to check their policies before sharing information.

On Trustpilot, Fiona is ranked 4.4 out of 5 stars with 255 total reviews.

Customer Support

Fiona has a dedicated “Contact Us” page where you can fill out an online form about an issue or inquiry. It typically takes 24-48 hours to get a response.

For a faster response, contact them via email or phone. Or check their FAQ section, which answers many questions related to Fiona’s services.

If you choose a lender through the platform, you’ll need to contact them instead of Fiona for any further questions.

Phone Support
(800) 614-7505

In Conclusion

Fiona is a reputable marketplace that can help make the process of finding a lender for your financing needs easier. It has over 100 partners and a convenient application process. Plus, it offers a lot of free financial resources online and a comprehensive FAQ page.

Although most of the loan service providers are carefully vetted, it’s still a good idea to verify the information with the one you’re interested in before sharing information. After all, each company may have its own privacy policies, eligibility requirements, and loan terms and rates.

FAQ

Is Fiona Legit
Yes, Fiona is a reputable marketplace in New York, founded in 2015
Does Fiona provide direct loans?
No. Fiona is a marketplace. It has a large network of lenders and service providers and can connect you with the best one for you.
What services does Fiona provide?
Fiona offers personal loans, auto refinance, student loan refinance, life insurance, mortgage refinance, auto insurance, credit cards, and savings through its partner lenders.
Is the process free?
Fiona’s application process is entirely free. Its online resources are also free.

Fiona Disclaimer

Even Financial, Inc./ Fiona (“Fiona”, “Even”, “Even Financial”, “we”, “us”, “our”) provides our Services (described below) to you through our website located at www.hifiona.com (the “Site”) and through our online content, tools and services related to the marketplace, whether accessed on the Site or through third-party websites, mobile sites and/or applications (collectively, such services, including any new features and applications, and the Site, the “Services”), subject to the following Terms of Service (as amended from time to time, these “Terms of Service”). We reserve the right, in our sole discretion, to change or modify portions of these Terms of Service at any time without further notice. You should periodically visit this page to review the current Terms of Service so you are aware of any revisions to which you are bound. If we make any revisions, we will post them on this page and will indicate at the top of this page the date these Terms of Service were last revised. We will also notify you of any material changes through a pop-up notice, email or other reasonable means. Your continued use of the Services after any such changes constitutes your acceptance of the new Terms of Service. If you do not agree to abide by these or any future Terms of Service, do not use or access (or continue to use or access) the Services. In addition, when using certain services, you will be subject to any additional terms applicable to such services that may be posted on or in connection with the Services from time to time, including, without limitation, the Privacy Policy located at https://hifiona.com/privacy. All such terms are hereby incorporated by reference into these Terms of Service. If there is any conflict between such additional terms and these Terms of Service, the additional terms will supplement or amend these Terms of Service, but only with respect to the matters governed by the additional terms.

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.

WRITTEN BY

Angela Mae Watson

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.