Monevo Review

Service & Fees

How to Apply

In order to start working with Monevo, you will need to fill out their application form so the platform can match you with certain lenders. You will be subjected to a soft credit check that will not affect your credit score. The lenders that are a good match for your request will be displayed to you along with their respective offers. Once you choose one, you will need to apply for that particular loan from the lender as Monevo’s work will be done.

Keep in mind that Monevo is a completely free service and all eventual fees will have to be paid to the lenders, not to the platform itself. You will only have access to options that include debt consolidation and other unsecured loans. In case you are in need of other types of loans, you should look elsewhere. The turnaround period after choosing a loan is usually very short, as soon as the following business day.

Requirements

Monevo itself doesn’t have many requirements when it comes to accepting clients. You only need to be over eighteen years old. However, you will also have to enter a lot of personal and financial details when you are applying for loans. Your housing situation will also be requested as well as your employment one. You will also need to enter the desired loan amount, your credit score, and loan purpose.

Privacy & Security

Monevo brags about the security and safety of their clients’ being their number one priority. SSL encryption is used by the platform to make sure that your data stays safe. The Better Business Bureau also offered Monevo a five-star rating. Also, its parent company, Quint Group, is a reputable and experienced one. It’s also worth noting that Monevo doesn’t currently have a mobile app. However, its platform is mobile-friendly and very intuitive, and fast. This makes it very easy to apply for loans and complete all of your tasks directly on your mobile device.

Services

Monevo only matches clients with online lenders that offer unsecured personal loans. This includes debt consolidation, education, home, or auto loans.

Help & Support

Monevo definitely cares about its clients and tries to offer professional customer support of the highest quality possible. Anyone can contact them by filling out the contact form on the official website. Also, clients can send Monevo e-mails at enquiries@monevo.com or supportUSA@monevo.com. Phone numbers are also available on the website for various regions of the world like the U.S., the U.K., Poland, and Australia. It’s worth mentioning that once you have accepted a loan from a specific lender, any issues moving forward should be discussed with the said lender. Monevo is only a loan aggregator that matches you up with lenders that suit your needs. So, in case you have issues with your loan, you should get in touch with the specific lender of your choice.

Summary

All in all, Monevo is certainly one of the best online marketplaces if you are looking for personal loans. It is not a direct loan lender itself but it can match you up with multiple lenders that could fit your requests. Monevo works in real-time too which means that you will get offers within minutes of your application. It’s worth noting that while the Monevo portfolio is large, it doesn’t include every single lender out there. So, you might still want to take a look around for possibly better offers before diving in.

The application process is extremely easy and fast and customer support is professional. So, Monevo is definitely a very good pick for any type of unsecured personal loan, regardless of whether it is a big, medium, or a small one. If you are on the lookout for other types of loans, you should keep looking because this platform only connects you with personal loan lenders.

Physical Address

Glasshouse, Alderley Park
Nether Alderley, SK10 4ZE