Even Review

Thursday, August 5th

2021 Personal Loan Provider Reviews

Even

• Loan: From $1,000 to $100,000

Even is a fintech business that helps connect partner lenders with borrowers to fund their personal loans. Founded in 2015 and based in New York City, this service specializes in prequalified loan offers from multiple sources, helping you shorten the process between your application and receiving your personal loan money.

10 lending partners

At the time of our review, Even was partnered with 10 lenders, many of which you'll find in our in-depth evaluations:

• Avant
• Best Egg
• Freedom Plus
• Lending Club
• Lending Point
• LightStream
• Payoff
• Prosper
• SoFi
• Upgrade

Wide range of loan amounts

Across their network of lenders, Even can connect you with personal loans ranging from $1,000 to $100,000, with terms from 24-84 months and APRs starting at 4.99%. Of course, your actual loan amount and terms will depend on your credit history, requested loan size, income and more. To get a list of possible offers, enter the loan amount you want, the purpose of your loan (vacation, debt consolidation, large purchase, etc.), your credit score range and your email address, among other details. The service is free and at this stage only a soft pull of your credit is required, so it won't hurt your score.

Too much information?

However, compared with similar services that connect borrowers with personal loans, we felt that Even required too much information from us before providing even basic details about the loans available through their site. Many of their competitors will show you sample terms and rates from specific providers - and some will even give you potential matches without having to enter your Social Security number until after you've selected a loan that sounds like a good fit.

Not much history

Besides that, Even doesn't tell you much about themselves, beyond the lending partners they use for personal loans. Given that they've only been around for 5 years, and that they're not accredited by the Better Business Bureau, the lack of information about them on their main personal loans landing page left us feeling uneasy. We were glad to see their "A" rating from the BBB, but there were no customer reviews made available on the Even site to lend support to that grade.

Middle of the road

All of these factors combine to give Even a middle-of-the-road rating. While we like being able to have one-stop shopping for personal loans, we feel that their competitors do a better job of offering transparency with their lenders and terms while requiring less personal information at the outset. We think you'll probably have a smoother experience when getting a personal loan through one of our higher-ranked services.