Fiona 2019 Review
Fiona is the fastest, easiest, and most comprehensive way to search for loans from the top providers. Fiona is created and powered by EVEN Financial, the leading search, comparison and recommendation engine for financial services. Fiona is not a lender.
Fiona uses proprietary technology and its relationships with dozens of trusted lenders and lending partners to find the best loan options for you. By filling out a simple form, Fiona checks if you are pre-approved and gets the best offers from the top providers for you in seconds, so you can get instantly matched with the right personalized offer all in one place.
If you are offered a loan, you will have the opportunity to review the final offer made by lender or lending partner, and to accept the loan agreement made directly between you and the lender or lending partner. The lenders and lending partners that Fiona works with may charge an origination fee for facilitating the loan to you. For example, on a $10,000 loan with a 5% origination fee, you will incur a $500 origination fee and receive $9,500 upon successful issuance of your loan.
Fiona has a good reputation for being a safe and secure loan provider due to the fact that they use 256-bit encryption to secure your information, which is a higher security standard than many banks. This ensures that all personal and financial information remains safe when you submit your application. Fiona does send information to third parties that you aren't able to vet beforehand, as with any matching service. However, it does not sell your personal data to other companies, and only partners with companies that are considered to be trusted, legitimate lenders.
Fiona features loans from $1,000 to $100,000 for a wide range of purposes from consolidating debt, funding unexpected expenses, medical bills to financing a home renovation. Loans made through Fiona are unsecured loans, meaning that the loan is issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral. Therefore, you do not need to own a home or other property to be eligible for a loan through Fiona.
Contact EVEN Financial/Fiona: Phone: 800-614-7505 Address: Even Financial, Inc. / Fiona 43 W 24th Street, Floor 5 New York, NY, 10010, US
Fiona Financial Pros
- Free Service: Fiona’s service is 100% free to use. They offer competitive rates and no upfront or hidden costs.
- Compare Offers From The Best Lenders: Choose from a comprehensive range of the top providers
- Trusted & Experienced Service: Fiona uses 256-bit encryption to secure your information, which is a higher security standard than many banks. This ensures that all personal and financial information remains safe when you submit your application.
- No Negative Credit Consequences: The Fiona loan pre-approval process does not negatively affect your credit score (only a soft credit pull is performed).
- Additional Benefits: Fiona provides additional tools such as a debt refinancing calculator.
- Accredited Service: Fiona has been Better Business Bureau (BBB)-accredited since 2015 and has an A- rating on the BBB website.
- They have also received praise from the Wall Street Journal, the Finance Magnates, Dow Jones, and Crowdfund Insider.
- Free Educational Resources: Fiona provides a noteworthy blog and FAQ section. Jointly, these assets provide a wealth of information for browsers looking to educate themselves in the field of personal finance.
Fiona Cons
- Depending on creditworthiness and a myriad of other factors, not all users will qualify for a pre-approved loan offer. Even if you don’t, Fiona will match you with a more appropriate offer.
- Sometimes additional steps to complete depending on the selected provider site.
Fiona Pricing
- Loan rates and terms depend on the lender
- Borrow up to $100,000
- Money as soon as next business day
- Loans are unsecured — you do not need to own a home or property to qualify
- APR rates as low as 3.84%
- Loan terms from 24 - 84 months
- Loans offered for credit scores as low as 580
- Fiona is 100% a free service
- Partner lenders may charge an origination fee (of 1-6% of the loan), late fees, or ACH return/check refund fees
Summary
Fiona saves time and money, and it’s a safe and secure way to obtain personalized loan offers to meet your needs as well as allowing you to choose from a comprehensive range of the top providers. With a speedy approval process and unsecured loans that can be used for any purpose, it is an ideal option for customers who demand financing options and want to access them quickly.
Frequently Asked Questions
What is a personal loan?
A personal loan is an unsecured loan or a collateral secured loan that you can use for any purpose: consolidating your debt, refinancing your credit card debt to a lower rate, or financing a life event. You pay back your loan in fixed monthly payments to the lender, with no penalty for paying the loan off early.
How does Fiona compare to other lenders?
Fiona provides essential infrastructure to connect customers with personalized products (including loans, deposits and more), utilizing its robust yet simple API. The Fiona platform serves as a trusted intermediary for financial institutions – including Prosper, SoFi, LendingClub, and Marcus by Goldman Sachs.
Fiona helps customers get matched with the financial services they need. All it takes is a simple form and Fiona will check if you are pre-approved and get offers from all the top providers within seconds. Based on the info provided by a customer and their creditworthiness they’ll be matched with the right offer to suit their needs, backed by the industry-leading recommendation engine.
How do I know if I qualify for Fiona?
Fiona looks at a number of factors such as APR, terms, speed of approval, speed of funding and if you qualify for the loan to display the best loan product for you. If you are not satisfied with the loan offer displayed to you, you can always see all of your results to find a more suitable option for your needs. You must be at least 18 years old and a US citizen to qualify for a loan using this marketplace. In order to be connected with a lender through Even Financial, you need a credit score of at least 580. It’s important to know your budget as well. Depending on how much you need to borrow and the terms of your loan, your monthly payments could be quite high. If you won’t be able to afford your loan, lenders aren’t likely to work with you.
What are the minimum credit requirements to receive a loan?
Individual requirements vary by lender but Fiona offers options for nearly any credit score on their platform.
Does it cost anything to use Fiona?
Fiona's services are 100% free.
Will submitting an application with Fiona hurt my credit?
Submitting an application with Fiona will not impact your credit since lenders may initially run a soft pull (which does not affect your credit). However, if you follow through with an application, your individual lender may authorize a hard pull, which hurts your score temporarily.
What does it mean to be pre-approved by Fiona?
After submitting your information, Fiona presents you with pre-approved offers from their partners, which include your potential loan terms and rates. You can follow through with these potential offers on the lender's website; however, keep in mind that loan offers are not final and are subject to change.
What if I have questions about my loan after I've applied with a partner lender?
Once you have applied for a loan with one of Fiona's partner lenders, any questions or concerns you have about your loan will ultimately be answered by their customer service team. However, Fiona welcomes any feedback and comments on your experience through their "Contact Us" page.
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