MoneyLion’s New Marketplace • Benzinga
MoneyLion, the award-winning digital financial platform, recently partnered with Even Financial Inc. to provide users with a leading integrated financial marketplace. Customers have the ability to find and access financial products in one place. The acquisition of Even Financial Inc. provides users of the MoneyLion marketplace with access to more than 400 additional financial institutional partners and 500 distribution partners. Connect to the financial services you need through MoneyLion’s marketplace for everything related to loans, credit cards, savings, insurance products and credit cards.
The MoneyLion Marketplace
MoneyLion’s Marketplace is a great hub for finding all of your financial services needs. You can find services like these on MoneyLion’s marketplace.
MoneyLion offers a mobile banking app where you can borrow, save, invest and earn. The mobile banking app lets you easily open a bank account and debit card through its RoarMoney program. By signing up for a RoarMoney account, you can get paychecks two days faster, bank with no hidden fees, earn debit card rewards, get price protection, and have your money insured by the FDIC. Additionally, MoneyLion’s RoarMoney allows you to invest the currency of your purchases into an investment account. MoneyLion prides itself on providing an all-in-one banking experience, which is evident in the wide range of services offered by its app. Other services include MoneyLion Crypto, an Auto Invest account, and the Credit Builder Plus program.
The personal loan marketplace on MoneyLion is a great way to find competitive deals and personalized loans. Even better, with a Credit Builder Plus account, you can access personal loans without a credit check. This option is good for those who have no credit history or are looking to improve their credit score. If you’re approved, Credit Builder Plus will cost $19.99 per month, which is a small price to pay to access a loan without a credit check. With membership, you will be eligible for a personal loan of up to $1,000 with a competitive APR. Beyond the Credit Builder Plus account, non-members will also have access to MoneyLion’s personal loan marketplace. Depending on the financial status of your linked accounts, different borrowing limits will be set. A big advantage of MoneyLion personal loans is that you can receive your loan funds almost immediately.
Auto Loan Refinance
MoneyLion also offers an auto loan refinance marketplace. This program allows you to be put in touch with lenders, institutional or private, to refinance your existing car loan. Using a marketplace to refinance your loans is a great option because it will automatically compare loan terms and different offers, saving you hours of researching and comparing car loans on your own. It is very easy to use and you can find results very quickly. Start by filling out the form stating what you are looking for, then MoneyLion will check all the offers from their major providers to find the best one for you.
Student Loan Refinance
Just like the auto loan refinance marketplace, MoneyLion also offers a student loan refinance marketplace. It works the same way as the auto loan refinance market but for student loans. Refinance your student loans in less than 60 seconds and be matched with the lender that best suits your needs. Student loans of $500 to $500,000, with terms of 60 to 240 months, can be refinanced with MoneyLion at annual interest rates as low as 1.88%.
MoneyLion also offers a life insurance marketplace under the name LeapLife. LeapLife has the largest network of top digital insurance companies for you to choose from. Like loan marketplaces, LeapLife will make sure you sift through the available options and find you the most competitive deals.
Getting life insurance through LeapLife is quick and easy. Just start by answering a few questions so the carriers can suggest the best options for you. From there, LeapLife carriers will provide you with quotes on different coverage options that you can choose from. You will then request the quote that suits you best and the agents will take care of the rest.
The credit card marketplace offered by MoneyLion is a great place to turn to when considering opening a new credit card. Its service is completely free and using it will not affect your credit score. This service allows you to be matched with personalized credit card offers and may give you access to more competitive offers. Start by filling out the form to let agents know what you need from your credit card and what features you’re looking for. From there, MoneyLion will compare offers from all major credit card providers and offer you the services they deem best for you. This process only takes a few seconds and there is no obligation to register with the providers recommended to you.
Having a good savings account with a competitive annual percentage (APY) is essential to building yourself a solid financial foundation. Using MoneyLion’s Savings Account Marketplace is a great way to compare all current offerings and see which providers you like best. You can filter different vendors based on your zip code, deposit amount, and types of products offered. From there, MoneyLion breaks down the various offers by APY, monthly fees, check writing capabilities, and minimum balance requirements. This Savings Account Marketplace is ideal for finding a clear and summarized overview of potential savings accounts, highlighting the most important features.
How to Maximize the MoneyLion Market
MoneyLion’s marketplace is a great starting point for anyone feeling lost in the world of banking, insurance, and finance. Here are some tips for optimizing the MoneyLion marketplace.
Get the app: Downloading the MoneyLion app will allow you to access its services in a single hub. Plus, you’ll be able to control all your banking, borrowing, and savings needs on one app.
Submit multiple forms: When using the loan, savings, or insurance marketplaces on MoneyLion, try filling out the forms multiple times with different answers to see which yields the best results. Although MoneyLion always gives you the most competitive offers, you should keep in mind that these are the most competitive offers based on your answers. If you’re willing to compromise on some aspects but not others, try editing your answers to see what the other deals might be. From there, you can make a final decision.
Frequently Asked Questions
Is MoneyLion legit?
Yes MoneyLion is legit, and it’s FDIC insured.
Which bank owns MoneyLion?
Which bank owns MoneyLion?
MetaBank, NA supports RoarMoney, MoneyLion’s banking services.