Even Financialby Aethyna Apr 10, 2019 | 0 Votes | 0 Used | 0 Reviews
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Even is a loan-matching service that offers personalized, fast-funding loan offers in 3 easy steps which can be completed within 10 minutes at most. The rates you get are reasonable, depending on your credit score, and they are very transparent about the terms of each of the loans they offer you.
What You Get
What you can get from Even is fast and personalized loan offers of $1,000 up to $100,000 simply by completing three easy steps. This service is only available to people in continental US, Alaska and Hawaii.
As mentioned, Even is a loan-matching service and as such, it’ll need to have some information about you before it can kickstart its magic and match you with a suitable loan provider. That’s the first step – you just need to fill in the provided form with your particulars. It should take a few minutes at most.
Once done, the algorithms behind the website will start going through its database of potential lenders, gather all the offers you qualify for, and presenting to you in a nice little list. Note that Even partners with more than 15 trusted online lenders like LendingClub, Prosper, Payoff and more, and hence, they are able to provide loans for applicants of every credit score bracket there is, from the lowest to the highest. However, naturally, if your credit score is higher, you’ll definitely be able to get more pre-approved loan offers… that’s just how things work!
Each loan offers come with a set of clearly-stated terms, especially crucial information like the Annual Percentage Rate (APR), the loan duration (between 24 to 84 months), and it even calculates how much you’ll need to pay monthly, so be sure to read them carefully. All of the loans offered via Even have fixed APRs (starting from 3.84%), no prepayment fees, and will be released quickly to you once the contract is signed, unless stated otherwise.
Choose the best from among the loan offers you get and you’re ready to move on from the loan-matching part of the process to the actual loan application.
In this third step, you’ll need to answer a series of questions presented by the lender and not by Even Financial, so you may encounter questions you’ve answered before in the first step. This step takes a bit more time to complete as compared to the first form you’ve filled since most lenders would want to know about you in detail before they release the funds.
The details you provide may or may not work in your favor since lenders still reserve the right to modify the terms of your loan offer as long as the contract isn’t signed and, hence, legalized. So, bear in mind that that terms you see when you’re choosing between offers aren’t exactly set in stone and may change depending on the information you provide later on.
Also take note that during this stage, Even’s restless algorithms are still working in the background and if they detected a much better offer for you, they will present it as an “Upgrade” which you can then click to be redirected to. Upgrades usually offer much better terms so it’s probably wise to check them out rather than just dismissing them.
All the terms of your loan offer are prominently and transparently stated and shown to you prior to signing the contract and sealing the deal. Be sure to read them carefully and choose the best deal for your unique situation before applying.
If you’re worried about having your very sensitive financial and personal information leaked, well, please don’t. Even uses 256-bit encryption to secure all the data you provide – a security standard that is purportedly even well-secured than on most bank websites.
If you’re looking for a loan to make a large purchase, to pay off debts, to renovate your home, or even to pay for unexpected medical fees, Even makes finding and applying for a suitable loan from a trusted loan provider so much easier. Everything from step 1 to 3 can be done online, at home, and within mere minutes. Plus, you can get your loans fast, much faster than traditional loans, after everything is signed and sealed.