2022's #1 Retirement Tip - Learn How To Buy Gold - Click Here
Find Out More About Buying Gold In 2022. Start Here: Invest In Gold Today To Save Your Retirement Account. Don't Wait! Find out about the Best Gold & Silver Investing Company & Diversify Today.

Even Financial Review6 min read

Reading Time: 4 minutes

Sometimes we need a little extra money for things like home repairs, car repairs, or even the birth of a new baby. Then other times we’d like some extra money. You know, you’d like to go on a little vacation or maybe purchase something that might be more of want instead of a necessity. For those occasions, you may look into a loan. 

Loan shopping can be frustrating and overwhelming, especially in the current financial landscape where access to money isn’t as easily attained. 

If you’ve been looking at loans, you may have stumbled across Even Financial. Even Financial is a loan marketplace that helps consumers drastically reduce the stress and time it takes to find and secure a loan for whatever needs you may have. But, is this a safe bet, or are you better off looking elsewhere?

Before you apply for a loan with Even Financial, consider this honest and thorough review. 

Who is Even Financial? (Full Review)

Even Financial is a B2B fintech company that began in 2015 and is based in New York City. They were founded by veterans in the software development, ad tech, and finance industries and they seek to match borrowers with lenders who are safe, reliable, and reputable in a quick manner. All you need to do to start the process is visit their site and complete an easy loan application. 

Some of the lending partners that Even Financial works with are over 17 lenders and affiliates which include:

  • Prosper
  • Best Egg
  • Upgrade
  • Lending Club

You can borrow anywhere from $1,000-$100,000, but requirements will vary with whatever company you decide to choose for your loan, so you’ll still need to do a little reading on each company that extends you the ability to get a loan. And keep in mind that you have to be a permanent U.S. citizen, be over the age of 18, and have a credit score of a minimum of 580. 

In addition to personal loans, you can also locate other financial products like credit cards and savings accounts. The site also has a mobile app where you can monitor your bills, manage your finances, and find different ways to pay back your loan, which is a great bonus. 

The Loan Process and Terms of Borrowing

Applying for a loan with Even Financial is quite easy and will only require you to fill out one page. The information that you must provide will include:

  • Name
  • Education level
  • Birthdate
  • Loan amount
  • Credit score
  • Do you rent or own your home?

Once Even Financial receives your application, you will receive offers from various companies.

These will vary by the company and will each have their own terms that you must follow if you choose them as a lender. And remember, that until those papers are signed, the loan offer can change, even if you have a prequalification. 

Interest rates will vary from 3.84%-35.99% and will depend on the information you submitted on your application.

Customers are typically given the opportunity to choose the length of time they have to repay their loans, which can be between 24 months and 84 months, and there are no minimum income requirements, which is extremely helpful if you’re someone who hasn’t had the best luck with your credit score in the past.

Application Process

If you’re an adult over the age of 18 in the U.S. and you meet the minimum requirements for a credit score, you’re likely able to apply for a loan through Even Financial. The process is simple, as I’ve mentioned, and will only require a few steps, which include:

  1. Go to Even Financial’s website.
  2. Enter the amount of the loan you’d like to receive.
  3. Choose an option for why you need the loan, which includes the following:
  • Green loan
  • Dental
  • Student
  • Vacations
  • Household expenses
  • Large purchase
  • Boat
  • Taxes
  • Home improvements
  • Auto
  • Business
  • Credit card refinance
  • Medical
  • Baby
  • Moving or relocation
  • Debt consolidation
  1. Enter your credit score (a rough guess is ok). If you don’t have a credit score, choose that option. 
  2. Enter your email address.
  3. Enter your birthdate.
  4. Enter your type of residence (rental/own/mortgage).
  5. Enter your education level.
  6. Enter your complete address. 
  7. Enter your phone number.
  8. Enter your type of employment.
  9. Enter your yearly income and include how you are paid (weekly, bi-weekly, etc).
  10. Enter your social security number.
  11. Accept the terms and conditions of Even Financial. 

Once you submit your application, you’ll begin receiving offers within 30 seconds so have your bank information ready if you find a loan you’re agreeable to. 

If you need assistance with customer service, Even Financial has your back. You can contact them with a simple phone call, a snail-mail letter, through their online contact form, or with an email. 

Security and Privacy

Even Financial takes the security and privacy of its borrowers seriously. They only work with reputable loan companies and everything has 256-bit encryption.

In the event that there is a security breach, Even Financial will notify you and they will not sell your private information to other companies.

Ratings and Reviews

A great way to determine if a company will be the best for you is to check out the reviews from other customers.

Many of the reviews for Even Financial are positive, especially for the quick application process and the services that they provide.

They do have a few complaints that customer service was a touch lacking, but the good reviews vastly outnumber the negatives and they continue to get positives on Trustpilot, a third-party review site that is highly trusted, as well as The Better Business Bureau (BBB), which provides them with an A+ rating.

FAQ’s on Even Financial

  • Who is Even Financial suited for?

Even Financial is great for those that might not have a high credit score or those that need money quickly and don’t have the time to wait for a traditional loan from a bank. 

  • Is Even Financial legitimate?

Yes, Even Financial is a legitimate and reputable company for securing a quick loan. 

  • Can I refinance a personal loan with Even Financial?

Yes, you can use your loan to refinance or pay off an existing loan.

Final Thoughts on Even Financial

It can be extremely time-consuming and frustrating to find a personal loan. But, Even Financial has streamlined this process by providing a free marketplace full of reputable lenders, allowing you to compare rates and terms quickly and easily.

With a fast application process, the ability to borrow even if you haven’t got a stellar credit score, and numerous positive reviews from customers and accreditation from the BBB, Even Financial is a great option when you need a little bit of cash and don’t want to waste time finding it.

About 

Edwin Cannon has spent his entire career in the financial industry and specializes in alternative investments and surviving marketing turbulence. He started My Retirement Paycheck to help educate consumers about retirement investment options that aren't typically introduced by advisors.