There are many individual lenders available, but you can often find the best loans with a loan marketplace platform. Even Financial loans come from a platform that connects borrowers with loans from qualified lenders. They tout there service as offering you the ability to get a “personalized loan”, fit to your needs.
Even Financial is not a lender; rather, they match you with a lender that best fits your needs. Their loans can be used for one of several purposes. The cost of their loans also varies widely, ranging from some of the cheapest to some of the most expensive rates you will find on the personal loan market. So, let’s take a closer look at their offer and see what Even Financial can do for you.
Special Qualities & Features of Even Financial Loans
Multiple Personal Loan Types
Even Financial loans come through a network of over a dozen national lenders. You can find personal loans, mortgages, or credit cards through them. They also offer savings accounts from several of their partners on their platform.
You can use loans from Even Financial for many different purposes. You can finance your new home or renovate a home you already own. You can also borrow from them for medical expenses or any major expense. They don’t even mind if you just want a loan for your next vacation or a wedding.
No Minimum Credit Score
The diversity of options available from Even Financial translates into few baseline requirements. Regardless of your credit score, you should have access to at least a few Even Financial Loans.
Even Financial can be accessed by a desktop computer or through their mobile application. The company’s platform includes extra resources and services if you need them. You can of course also monitor any loans you take out over this platform. If you want to take an Even Financial loan, you can make the most of it by using their mobile app to keep track of your loans. You can also find updates on their available loans, which update as time goes on.
Security with Even Financial Loans
All the loans you can get from Even Financial have been vetted. They only work with reputable partners and they use 256-bit encryption to keep your data safe.
Small & Large Loan Options
Even Financial loans can get you personal funding ranging from $1,000 to $100,000. Their loans are appropriate for anything from covering a small personal financial challenge to making a large purchase. Whether you need a better alternative to a payday loan or to finance a brand new car, Even Financial has a loan you can use.
Pricing & Terms of Even Financial Loans
The terms on Even Financial loans can be quite different. Because Even Financial sources money through a network of partners, you can’t pinpoint a single, universal range for rates. The APRs on their loans can be as low as 3.84%, but they can also be as high as 35.99%.
The rates you get for Even Financial loans will depend on your credit score. The better your credit score, the better the rates you can get.
The repayment terms for Even Financial loans also vary quite widely. You can get a repayment term of anywhere between 24 and 84 months. Keep in mind that longer repayment terms will usually translate into smaller payments, but a larger total cost overall.
Do I Qualify?
You most likely qualify for at least some of the loans available on Even Financial’s platform. Because they are an API lender that works through their partner lenders, there is no minimum credit score for an Even Financial Loan. However, your credit score will be used in their assessment and will determine the rates on any loan they can match you with. Your credit score will also be used to determine the amount of money they are willing to lend you.
Each partner that Even Financial works with has their own requirements. They each have their own credit score requirements, but you may need to provide more information to prequalify with other lenders.
Factors To Keep In Mind
Even Financial uses your secured information to prequalify you with any available lenders. This allows them to provide you with fast service, including real-time quotes.
Your experience with the Even Financial platform will vary based on your circumstances. If you have a low credit score, they are still a good platform to use. That being said, you will find their services more affordable and more useful if you have a higher credit score.
The Last Word on Even Financial Loans
Even Financial isn’t a typical lender that you go to for a direct loan. It’s a complex platform that is very easy to use. They offer among the widest range of loan terms you can find on a single lending platform.
Because of how Even Financial works, you may find their services very useful if you don’t want to do all the searching yourself. They will prequalify you when you sign up to provide you with a list of available loans. If you need any personal loans of up to $100,000, Even Financial can likely find you an agreeable option.