After spending a lot of time searching for the perfect car or house, it’s natural to want to finalize the purchase as soon as possible. This process might have taken you several weeks or even months, so extending it further can be quite frustrating. However, if you don’t have enough savings for the full payment or a big down payment, finding the right loan is essential.
Although the internet makes it easier to look up different lenders, comparing and choosing the best one can still be complicated and time-consuming. Luckily, EVEN Financial has created a solution to make this process simpler. To see if their services are right for you, here’s our review of EVEN Financial.
What does EVEN Financial do?
EVEN Financial aims to simplify the process of finding the best lender by reducing the need to submit multiple applications to various financial institutions. With just one easy application, you can get pre-approved and see which loan offers suit your needs best.
EVEN Financial offers loans with interest rates starting at 4.99%, ranging from $1,000 to $100,000, and with terms between 24 and 84 months. You just need to fill out a free application providing details like the loan amount, its purpose, your credit history, and your personal and employment information. You could receive offers from top providers and potentially get your loan as quickly as one business day after applying.
The service partners with many financial institutions and lenders, such as LendingClub, Ascent, Prosper, and Backed, which helps them match you with the best lender for your needs.
Is it secure?
Sharing personal information, especially sensitive details like your social security number, can be worrisome. However, EVEN Financial reduces the number of loan inquiries to prevent any negative impact on your credit score. They use encryption to keep your personal information safe and secure.
Cost implications
One of the main benefits of EVEN Financial is that it’s free to use. There are no fees for submitting a loan request, no membership fees, and no application or service fees. Of course, once you secure a loan, you’ll need to handle the monthly payments.
Comparison with Bankrate
Unlike Bankrate, which gives you information but requires you to do all the work, EVEN Financial takes care of most of the process for you. This saves you from the hassle of understanding financial terms and applying to each lender separately.
Who is it best for?
EVEN Financial is useful for anyone needing a personal loan of up to $100,000. The loan offers you receive will depend on your financial situation and credit score. However, EVEN Financial is designed to help anyone seeking loan assistance, regardless of their credit score. It’s a great starting point if you need a personal loan, as it can help you find the right lender and the best direction to take.