IN-DEPTH ANALYSIS

Even Financial Review

Advertiser Disclosure
Written By
G. Dautovic
Updated
November 01, 2022
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

Even Financial is a financial technology company that helps connect borrowers with online lenders. This company is not an online lender itself; it provides an online marketplace that allows lenders to offer personal loans to borrowers who may not qualify for traditional banking products. 

Even Financial has helped thousands of people get the financing they need and has an excellent reputation in the industry. Let’s see what this marketplace has to offer.

Loan amounts:
$1,000 - $250,000

APR starts at 2.49%

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Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

LOAN AMOUNTS:
Up to $250,000
APR:
Starts at 2.49%
FEES:
Depends on the lender
BBB:
A+
FUNDING TIME:
N/A
LOAN TERM:
24-84 months
YEARS IN BUSINESS:
8
pros thumb up Strengths
  • Fast and secure application process
  • Personal loans for various purposes
  • Additional financial products
  • Performs only a soft credit check with pre-approval
  • Industry-standard security measures
  • Various options for contacting the support team
pros thumb up Weaknesses
  • Unclear rates and fees until you apply for a loan with the specific lender
  • Not BBB-accredited
  • Shares your personal information with a large network of lenders

Overview 

Founded in December 2014, Even Financial is a New York-based B2B fintech company that offers various financial services and products. The founders of Even Financial, three experienced people in finance and technology, designed this financial marketplace, which enables people to find and compare various financial products at the same time. 

Even Financial is only a marketplace, not a direct lender. It works through its partnered platform: Fiona. Created and operated by Even Financial, Fiona provides fast and accurate information about financial products from industry-leading online lenders.

Whether you’re looking for top health insurance providers or affordable credit cards, Even Financial has something to offer. This marketplace collaborates with a range of providers, meaning you’ll be able to find the offer that best fits your needs. 

According to Even Financial reviews, this online marketplace is praised for its quick and easy application process for personal loans. Current clients say that the application process speeds up the loan search, allowing access to multiple loan offers simultaneously. This is no surprise, because Even Financial collaborates with dozens of online lenders offering personal loans.

You can quickly get a personalized loan offer and continue the application process with the chosen lender. Even Financial collaborates with dozens of proven online lenders, including LendingClub, SoFi, Lending Point, and many others. 

Through Even Financial, you can apply for a personal loan worth up to $250,000. Loan terms are between 24 months and 84 months. If you’re worried about the credit score requirements, you should know that Even Financial doesn't impose any rules itself. That all depends on the lender, but considering the number of partnered lenders, we don’t doubt that you can find a loan even if you have a less-than-perfect credit score.

Even Financial offers personal loans for various purposes, from emergency loans to student loan refinancing. In addition to this, there are several other financial products you can apply for, including refinancing auto loans, lines of credit, savings accounts, and more. 

Over the past eight years, Even Financial has received over $700 billion in consumer applications. Currently, more than 9 million people use Even Financial’s services monthly. This marketplace has a score of 3.4 on Trustpilot, which is a fairly standard score for these kinds of platforms. However, there are only a few reviews, and they’re mixed. While some consumers are satisfied with the application process, others consider it unprofessional. 

If you’re wondering whether Even Financial is legit, the answer is yes. Although the company is not BBB-accredited, it has an A+ score on this site, which shows that it’s a perfectly safe place to shop for personal loans. 

Our review explains how to apply for a personal loan through Fiona and what rates and fees you might expect. 

How Does Even Financial Compare to Other Loan Marketplaces?

Even Financial Logo
Even Financial
APR range:

2.49% to 35.99%

Min. credit score:

580

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Monevo Logo
Monevo
APR range:

2.49% to 35.99%

Min. credit score:

N/A

Visit Site
PersonalLoans.com Logo
PersonalLoans.com
APR range:

5.99% to 35.99%

Min. credit score:

N/A

Visit Site

How To Apply for a Personal Loan at Even Financial 

Even Financial Inc. is an online-only service, meaning that you can apply for a loan only through its website. Arriving on the site, you’ll see the Financial services button. From the dropdown menu, choose Loans then click on the Get started button. Even Financial will ask you if you’re looking for a personal loan for you or your business. You just need to click on the consumer loan option, then you’ll be redirected to the Fiona website.  

Don’t forget that neither Even Financial nor Fiona are personal loan lenders. Instead, they’ll only connect you with multiple lenders at the same time, so you can choose the loan offer that fits you best. Through this company’s fast and accurate service, you’ll find a list of dozens of loan offers in less than a minute. Some of the lenders that you can access through the Even Financial website include SoFi, Happy Money, Avant, Prosper, and many others. 

Application Process and Basic Requirements 

To start the application procedure, choose the loan you need. Fiona will offer you a list of personal loan types that you can choose from. For example, if you're looking for a loan offer to consolidate your debt, just click on Debt Consolidation. The next thing you’ll need to choose is the loan amount you need and the credit score range that you fit in. If you don’t know what your credit score is, you can use a credit score simulator to check it.  

To do so, you’ll need to provide some basic information: 

  • Email address
  • Date of birth 
  • Name
  • Whether you own a house or not 
  • Education 
  • Credit card debt 
  • Address and zip code 

Even Financial requirements also state that you need to be at least 18 years old and have US residency. Based on the information you provide, Fiona will come up with a list of loan offers. 

What To Expect Next

Fiona will list your potential lenders with the loan rates and terms they offer. This is a pre-approval offer, and it’s made based on your credit score. Fiona will perform only a soft credit check that will not affect your credit score. This way, Fiona detects loans that you are more likely to get based on your creditworthiness. The rates and terms you’ll see are only conditional, meaning that you’ll get a definitive loan offer directly from the lender.

After you choose the loan offer, the lender will decide whether you prequalify or not. If you do, the lender will continue with the application and send you the final loan offer. 

What Types of Loans Can You Get?

As we’ve already mentioned in our Even Financial review, you can apply for various personal loans here. Some of those loans include: 

  • Debt consolidation 
  • Credit card refinancing
  • Home improvement
  • Large purchases 
  • Student loans
  • Medical or dental loans
  • Auto refinancing

Even Financial collaborates with dozens of proven online lenders, many of which will likely provide you with a personalized offer. For example, Payoff personal loans are the most beneficial for consumers who want to consolidate credit card debt and improve their credit score. Regardless of the loan type you need, we’re sure you’ll find a good loan offer with Even Financial. 

Even Financial Features 

Loan Amount

As an applicant for an Even Financial loan, you can qualify for an amount ranging from $1,000 to $250,000. You’ll get a personalized loan offer from various lenders, depending on your credit score, income, and other requirements. This way, you can compare different loan rates and terms. However, the final decision regarding the loan amount depends on the lender. Even if you are pre-approved for a loan that you’ve applied for, that doesn’t necessarily mean the lender will approve you for the entire sum. 

Fees and APR

The annual percentage rate (APR) also depends on which lender you go with. The APR can be as low as 2.49%. However, Even loans reviews similar to ours confirm that the APR usually starts at 4.99%. The APR varies according to each candidate’s creditworthiness. The better your credit score and credit history are, the better the loan rate you’ll get offered. 

Loan Terms 

When it comes to repayment terms, Even Financial lenders offer loans that you can repay over periods ranging from 24 to 84 months. Of course, the loan term depends on many factors, including your credit score, income, employment status, and more. The good thing is that you can compare multiple Even Financial loan rates and terms at the same time and pick the lender that best matches your finances.

Additional Financial Products 

In addition to personal loans, Even Financial offers many other financial products. These include health insurance, credit cards, and savings accounts. To apply for any of these products, the process is the same as for a personal loan. For example, if you want to open a savings account, Fiona will provide you with offers from top savings account providers. You can then choose the offer that fits you best and continue with the application on the lender’s website. 

Is Even Financial Safe?

Even Financial provides a safe and secure way to get the financial products and services you need. The company takes your security and privacy seriously, taking all necessary measures to make sure you feel confident using the platform. Still, you might not like the fact that your personal information will be shared with a large network of lenders. 

Since Even Financial is a fintech company, you may rest assured that it has implemented the latest security measures to protect your data on the internet. The website uses 256-bit SSL encryption to protect your personal information when it is transmitted online.

The company maintains physical, electronic, and procedural safeguards to protect all its clients’ personal information. The team of security experts is constantly monitoring the systems and data to identify and prevent potential threats.

Customer Support 

The Even Financial support team is available via email and phone. The agents respond in a timely manner and are really polite. One alternative way to find out more about Even Financial loans is through social media. The company’s team of professionals is active on Facebook, Instagram, and Twitter.

FAQ

Is Even Financial legitimate?

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Yes, Even Financial is a legitimate company. It is a financial technology platform that connects consumers with lenders. Even Financial was founded in 2014 and is headquartered in New York City.

What does Even Financial do?

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Even Financial is a technology platform that helps connect consumers with financial institutions. The Even Financial app provides a marketplace for products, including personal loans, savings accounts, and other financial services. Consumers can compare offers from multiple providers in one place and choose the option that best suits their needs.

How do I know if I qualify for Even Financial?

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There are a few key factors that will affect whether or not you qualify for Even Financial, including your credit score, income, and a few other criteria. Even Financial will make only a soft inquiry on your credit, so the application process won't impact your credit score. That said, you are entirely free to use Even Financial and see if you can qualify for a loan without losing anything.