Even Financial Reviews: Easily Discover and Compare Personal Loan Offers

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

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When you’re making a big purchase, you probably don’t choose the first item you see. Instead, you shop around to find the best deal.

This same approach applies to borrowing a personal loan. By comparing your options, you can find a personal loan with the best rates.

But all this research takes a lot of time, and your to-do list is already long enough. Luckily, Even Financial, a personal loan marketplace, will do the legwork for you.

Even Financial reviews your information to bring you a variety of offers from leading lenders. If you’re in the market for a personal loan, read on to learn how Even Financial could help you find the right one.

Even Financial brings personal loan offers to you

Since 2014, Even Financial has worked to connect customers with the right financial products for their situation. In 2017, Even Financial was responsible for originating more than $200 million in personal loans.

Personal loans can be used for almost any purpose, including renovating your home or consolidating credit card debt. As a loan marketplace, Even Financial doesn’t originate the loans itself. Instead, it connects you with various loan providers.

The company works with lending partners such as:

Plus, you don’t have to worry about dinging your credit score during the initial application process. Even Financial reviews your credit information with a soft credit inquiry before showing you preliminary offers.

Keep in mind that any offers you see are just that — preliminary. They could change after you submit a full application and the lender runs a hard credit check.

Another potential downside to using Even Financial is that your offers will be limited to its partner companies. These are mainly online providers, so you won’t see many personal loan offers from traditional banks or credit unions.

Using the Even Financial online platform

Even Financial offers a streamlined online application process. Enter a few basic pieces of information to see personal loan offers in less than 60 seconds.

To get started, you’ll enter how much you wish to borrow (up to $100,000), as well as the purpose of the loan.

Even Financial also asks for an estimate of your credit score. If you’re not sure, you might consult a free credit monitoring service such as Credit Karma. Keep in mind, scores lower than 600 are considered poor and might make it difficult to qualify for a personal loan.

loan info screenshot from even financial

Image credit: Even Financial

Next, you will enter personal details, including your name and email. The application asks whether you rent or own.

your info screenshot from even financial

Image credit: Even Financial

Third, you’ll enter contact information, including your address and phone number.

contact info screenshot from even financial

Image credit: Even Financial

Finally, you’ll state your employment status, income, and pay frequency. Even Financial asks for your Social Security number, but it reminds you that its background check won’t impact your credit score.

employment info screenshot from even financial

Image credit: Even Financial

After submitting your application, you’ll immediately see if you are preapproved for any personal loan offers. For example, here are some offers from Prosper, LendingClub, and FreedomPlus for a $10,000 personal loan.

even financial loans

Image credit: Even Financial

As you can see, FreedomPlus offers the lowest APR and cost of borrowing. But it only offers a two-year term and requires high monthly payments of $438.67.

If you could swing those payments, FreedomPlus might be the best choice for your personal loan. But if you want lower monthly payments, Prosper or LendingClub might be the better option.

When comparing your offers, think about how much interest you’ll pay, as well as your monthly payments and repayment terms. You’ll need to find the right balance between saving money on interest and signing up for a monthly bill you can afford.

It also helps to estimate your costs of borrowing with our personal loan calculator. You can enter different rates, terms, and loan amounts to compare your options.

Interest rates and fees vary for lenders listed

As you can tell from the example above, your rates and terms on a personal loan will vary by lender. Typically, customers with a higher income and stronger credit score, or those with qualifying cosigners, will receive the lowest interest rates.

According to Even Financial, APRs on the personal loans in its marketplace range from 4.99% to 35.99%. Repayment terms range from two to seven years.

Some lenders charge an origination fee for the loan. LendingClub, for example, charges an origination fee between 1% and 6%.

Other lenders, such as SoFi, don’t charge origination fees on their personal loans.

If you find an offer you like, make sure to answer any remaining questions you have with the lender itself. It’s important to know exactly what you’re getting into so that you don’t find yourself taking on debt that’s difficult to pay back.

Even Financial has a few eligibility requirements

Anyone can use the Even Financial platform, but you’ll only qualify for loan offers if you meet certain criteria for credit and income.

For instance, those with credit scores lower than 600 might have trouble qualifying for any offers. A low income or lack of employment might also result in no offers.

Besides demonstrating your ability to pay back your loan, you’ll also need to live in the continental United States, Alaska, or Hawaii.

Most states also require that you’re at least 18 years old to borrow a personal loan. Some states have higher age requirements.

Even Financial reviews are mostly positive

As a relatively new company, Even Financial doesn’t have a ton of customer reviews online. On ConsumersAdvocate.org, several Even Financial reviews praise the marketplace for its fast, streamlined application process.

“Easy process and simple to use,” one borrower commented. “Highly recommended for [your] personal loan needs. I was able to find a lender and secure a loan quickly.”

Another said, “Straightforward process, very transparent and easy to understand.”

That said, some negative reviews complain that the preliminary offers they received didn’t match their final offers.

One wrote, “They say they have a loan for you, but when all [is] said and done they don’t.”

Another was disappointed with the high interest rate she was offered. “I applied and our credit is good, with no late payments,” she wrote. “We were offered a loan at 27%! How is that supposed to help?”

Personal loans can be a useful tool if you can qualify for a low rate. But if you can’t qualify for a low-rate loan, you might want to take steps to build your credit and apply again in the future.

Even Financial customer support info

You can contact Even Financial by calling 800-410-1488 or emailing info@evenfinancial.com. You can also follow developments on the lender’s Twitter and Facebook pages.

To learn more about personal loans, check out Even Financial’s blog, which contains resources for consumers and businesses alike.

Even Financial provides a useful loan matching service for consumers searching for the best rates. Even Financial reviews offers for you so you can find the right personal loan while saving valuable time and money.

By exploring all your options, from online lenders to banks to credit unions, you can feel confident you’ve found the best personal loan for your situation.

Note: Student Loan Hero has independently collected the above information related to personal loan offers listed by Even Financial. Even Financial has neither provided nor reviewed the information shared in this article.

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Personal LoansFixed rates from 6.199% APR to 15.365% APR (with AutoPay). Variable rates from 6.145% APR to 14.685% APR (with AutoPay). SoFi rate ranges are current as of June 15, 2018 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 6.145% APR assumes current 1-month LIBOR rate of 1.97% plus 4.175% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
  2. Terms and Conditions Apply:SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

2 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.49% – 19.49% (6.49% – 19.49% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.

* Important Disclosures for Upgrade Bank.

Upgrade Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.49% – 19.49% (6.49% – 19.49% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.73% – 29.99%$1,000 - $50,000
Check rate nowon SLH's secure site
6.15% – 15.37%1$5,000 - $100,000
Check rate nowon SLH's secure site
6.87% – 35.97%*$1,000 - $50,000Visit Upgrade
8.00% – 25.00%$5,000 - $35,000
Check rate nowon SLH's secure site
4.99% – 29.99%$10,000 - $35,000Visit FreedomPlus
5.99% – 18.99%2$5,000 - $50,000Visit Citizens
15.49% – 34.49%$2,000 - $25,000Visit LendingPoint
5.99% – 35.89%$1,000 - $40,000Visit LendingClub
5.49% – 18.24%$5,000 - $75,000Visit Earnest
9.95% – 35.99%$2,000 - $35,000Visit Avant
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.