Compare Discover vs. Even Financial Personal Loans

What’s the difference between Discover Personal Loans and Even Financial Personal Loans? See how our editors compare the two companies below.
Last Updated: May 22, 2018
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Discover Personal Loans
9.4 / 10 - Excellent
#11 in Personal Loans
Even Financial
9.7 / 10 - Excellent
#2 in Personal Loans
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Key Facts

  • Fixed-rate personal loans up to $35,000
  • Check your rate with no impact to your credit
  • No origination fees, closing costs, or pre-payment penalties
  • Loan terms from 36 to 84 months
  • Rates ranging from 6.99% to 24.99% APR
  • Funds sent the next business day after you accept loan
     

  • Unsecured personal loans from $1,000 to $100,000
  • Loans for debt consolidation, large purchases, home improvement, medical expenses, and more.
  • Even compares top loan providers and matches you instantly
  • Rates starting at 4.99% APR 
  • Loan terms from 24-84 months
  • Funds available as soon as next business day
  • Loan search is free and will NOT affect credit score

OVERALL RATINGS

 DiscoverEven Financial
Loan Specifics9/1010/10
Qualification10/1010/10
Cost of Loan10/1010/10
Lender Reputation10/1010/10

Discover Loan Specifics

Loan Uses

 DiscoverEven Financial
Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
 DiscoverEven Financial
Loan Minimum
2500
$1,000
Loan Maximum
$35,000
$100,000
Term Length
36 - 84 months
2-7 Years
Pay Creditors Directly
Yes
Yes
Decision Time
Same day
Just a few minutes
Disbursement Time
Next business day, assuming no errors on your application
Next business day

Representative Loan Sample

If you borrow $5,000 on a 36 month repayment term and at a 10% APR, the monthly repayment will be $161.34. Total repayment will be $5,808.24. Total interest paid will be $808.24.

Discover Qualification

 DiscoverEven Financial
Personal Income Considered
Yes
Yes
Verify Bank Account
Yes
Yes
U.S. Citizen
No
Yes
Hard Credit Pull
No
No

Alternative Factors to Credit Score Considered


Discover Cost of Loan

 DiscoverEven Financial
APR Range
6.99% to 24.99%
4.99% - 35.99%
Origination Fee
$0
Depends on lender
Missed Payment Penalty
$39
Depends on lender

*


Discover Reputation

 DiscoverEven Financial
Type of Lender
Other Financial Institution
Marketplace
Year Founded
1960
2014
BBB Rating
A+
Number of BBB Positive Reviews
5
Number of BBB Negative Reviews
42
Trust Pilot Rating
8.3 out of 10
Consumer Financial Protection Board (CFPB) Complaints
There are only a small handful of CFBP complaints about Discover's personal loan services, none of which suggest any dishonesty.
Date Collected
2018-03-09


Company Profile

Full Name
Discover Personal Loans
Even Financial Personal Loans
Company Website
Headquarters
P.O. BOX 6105, Carol Stream, IL, 60197
45 W. 21st St., New York, NY, 10010

Final Verdict

Even Financial Personal Loans has a higher overall rating than Discover Personal Loans. Even Financial scores better than Discover across: Loan Specifics, Qualification, and Lender Reputation. However, Discover scores better on Cost of Loan.


Customer Comments & Reviews

A
Andrew
Secaucus, New Jersey
2/26/2018
Discover Personal Loans review
"CAPITAL CITY LOAN & JEWELRY” approves from maximum to minimum amount and we give out our Loan in USD ($), GBP (£) Or Euro (€). all replies are further to company email and we accept phone call. Mobile: +1 951-366-0152 whatsapp : +1 862-621-9274 Best Regards, Andrew


W
William S
Vienna, Virginia
2/6/2018
Even Financial Personal Loans review
I cannot comment because I have no experience for this provider. I could comment if loan is approved.


J
Jennifer
Rosedale, Mississippi
12/8/2017
Even Financial Personal Loans review
I understood everything well.


A
Adwoa
Secaucus, New Jersey
12/3/2017
Discover Personal Loans review
Fast and reliable, spoke to them and had the money deposited into my account the next day, thank u discover, You are the best.


R
Rd
Rockville, Maryland
11/24/2016
Even Financial Personal Loans review
Easy process and simple to use. Highly recommended for you personal loan needs. I was able to find a lender and secure a loan quickly.


J
Jonathan
Brooklyn, New York
11/15/2016
Even Financial Personal Loans review
Straightforward process, very transparent and easy to understand rates and terms.


X
XianGaM
Wheaton, Illinois
8/23/2016
Discover Personal Loans review
Quick and easy process auto-pay and no surprises works good for me


C
Credit A
Broken Arrow, Oklahoma
6/29/2016
Discover Personal Loans review
I was quickly approved for a loan that I will be using to consolidate of a couple of credit cards. Process went very smoothly! I will be able to make one payment at a much lower interest rate now! Very happy with that. For those that are not getting approved, it is not the company....it is more than likely your credit history. If you are someone who pays your bills on time and have a decent income to debt ratio you should be just fine. If you have a crappy credit score.....good luck.