Fiona loan review: A marketplace to find personal loans

Man sitting in his kitchen, eating breakfast, and reading a Fiona loan review on his phoneImage: Man sitting in his kitchen, eating breakfast, and reading a Fiona loan review on his phone

In a Nutshell

Fiona is an online marketplace where you can explore different lender options based on your credit, how much you want to borrow, what you want to use the loan for and where you live. If you decide to apply for a loan through its platform, Fiona helps you compare lenders from its network.
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  • Search for loans based on credit scores, location and needs
  • Easy-to-navigate website
  • Checking estimated loan rates won’t hurt your credit scores


  • Doesn’t provide loans directly
  • Even though there are many lenders, no guarantee you’ll qualify for a loan offer

What you need to know about Fiona loans

Fiona doesn’t offer personal loans directly. Instead, it’s an online marketplace that shows you various lending partners based on information you provide. To search for a loan, you’ll need to provide several pieces of information, including the following:

  • Your credit scores (excellent, good, fair or poor)
  • Your ZIP code
  • Your loan purpose (debt consolidation, credit card refinance, home improvement or special occasion)
  • Your desired loan amount

The Fiona platform is free to use. You can also search for credit cards, student loan refinancing offers and online savings accounts on its platform.

Search by credit scores

With Fiona, you can search for a loan based on your credit scores and needs. Fiona says you might qualify for a loan — even with poor credit — which it considers as a score below 620.

One major benefit of using Fiona is that you don’t have to apply on different loan providers’ websites to compare personal loans. This can save you time and energy.

Fiona doesn’t directly provide loans

Since Fiona loans doesn’t offer personal loans directly, you’ll need to go through a few more steps to see if you prequalify with a lender. You’ll fill out a short form online, which includes information like your income, to see if you’re eligible for any personal loan offers from one of Fiona’s lending partners. And if you receive any offers, you’ll be able to complete a formal application through the lender’s website.

Just remember: While any offer you receive could be considered a prequalification, it doesn’t automatically mean you’ll get final approval for a loan. It only gives you an idea of whether you might be approved for a loan and at what terms. In other words, it’s not official until it’s in the fine print of a loan agreement (which you’ll want to read thoroughly before you sign!).

You may not prequalify for any loan offers

Shopping for a personal loan through Fiona doesn’t guarantee you’ll be able to prequalify or qualify for any loans. Even if you do qualify, you won’t necessarily qualify for the loan amount you want or at a competitive interest rate. You may still need to look elsewhere for a personal loan.

Checking potential rates won’t hurt your credit scores

Fiona uses a soft credit inquiry when it checks for offers with its partner lenders. That means your credit scores won’t be negatively affected when you check for loan offers through Fiona. But if you decide to formally apply for an offer, that lender will likely perform a hard credit inquiry to verify your information and determine whether you’re approved.

A closer look at a Fiona loan

Here are a few other things to think about when you’re shopping for loans through Fiona.

  • Origination fees: You won’t face any application fees from Fiona. But some lenders may charge an origination fee, which may be deducted from the amount you receive from the lender.
  • Easy-to-navigate website: Using Fiona isn’t difficult. The website is intuitive, and you can shop for loans based on different factors, such as by credit score, loan amount or loan purpose.
  • May see multiple lenders in minutes: Since Fiona is a marketplace and not a direct lender, you can browse several lenders at once. You can also preview the estimated terms of the loan, including APR and your estimated monthly payment.

Who is Fiona good for?

The Fiona marketplace could be a good option for people who want to browse several potential lenders at once. But remember: Fiona isn’t a direct lender, so you’ll have to submit an application directly with any lenders that you’re interested in to finalize any offer.

The loans that you can find on Fiona’s platform can be used for …

  • Debt consolidation
  • Credit card debt refinancing
  • Home improvement
  • Large purchases

Since each lender offers different repayment terms, interest rates, loan amounts and fees, you’ll want to review the disclaimer, terms and conditions of each offer before making a final decision to apply.

How to shop for loans on Fiona

To shop for a personal loan through Fiona, you’ll complete a short form online. But remember: Fiona isn’t a direct lender, so you’ll have to submit an application directly with any lenders that you’re interested in to finalize any offer. You’ll need to provide your personal information, including …

  • Loan amount
  • Your credit rating
  • Loan purpose
  • Name and email address
  • Date of birth
  • Whether you rent or own
  • Education completed
  • Address and phone number
  • Employment status
  • Annual income and pay frequency
  • Social Security number

Not sure if Fiona is right for you? Consider this alternative.

  • Peerform: Peerform is a peer-to-peer lender that tries to match you with institutional investors that want to fund personal loans.

About the author: Dori Zinn is a personal finance journalist based in Fort Lauderdale, Florida. She enjoys helping people find ways to better manage their money. Her work can be found on numerous websites, including Bankrate, FinanceBu… Read more.