Best Egg Personal Loan Review

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Apply for a Best Egg Personal Loan

How Does Best Egg Work? Marlette Funding, through its consumer brand Best Egg, is a financial technology provider on a mission to make borrowing fast, simple and transparent with the goal to help consumers recover from debt and finance large purchases in a clear and fair way. Their rates are considerably lower than most credit cards, making them a popular potion for credit card consolidation. In the three years since they started to offer personal loans, Best Egg has funded more than $6 billion in loans and has over 450,000 customers with an A+ BBB rating. The company also received the Best Company’s 2019 Consumer’s Choice Award for Personal Loans.

Best For: Debt Consolidation, Good Credit

Best Egg Loan Rates & Terms

APR range 5.99%-29.99%*
Available loan terms 36 - 60 months*
Loan amounts up to $50,000
Time to fund One business day funding is often available
Fees Origination fee: 0.99% to 5.99% of the initial amount
Late fee: $15
Prepayment fee: N/A
Credit needed 600+
Income needed No minimum income required
Soft Credit Check? Yes
Best for Borrowers with good credit, debt consolidation, and less than 40% debt to income ratio without a mortgage and less than 65% with a mortgage
Click “Check Rates” to apply to BestEgg 

» MORE: Best personal loans for good credit

Best Egg Personal Loans Review

Qualified applicants can view instant loan offers, with no impact to their credit score. If approved and application information is verified, you can receive funds in as little as one business day. The unsecured loans are issued by New Jersey State Chartered Commercial Bank, known as Cross River Bank.

Best Egg offers unsecured personal loans that include:

Best Egg offers simple terms and competitive interest rates for borrowers with an extensive (10+ years) and positive credit history. Loan eligibility depends on a number of factors, which may include your credit profile, income, and total debt payments. Checking your rate for a Best Egg loan does not impact your credit score. A hard credit check isn’t performed until you sign your loan agreement.

Best Egg is an online lending platform that enables fast funding. Upon approval and verification, they direct deposit the money into your checking account. In some cases, you can get the money in as little as one business day, while the majority of customers receive their money within 3 business days.

The biggest benefits

One of the biggest advantages of Best Egg is that you can take out two personal loans. Your first loan will need to be at least six months old before you can apply for a second loan and the total amount of both loans cannot exceed $50,000.

Other perks include:

  • No payment processing fees if you sign up for automatic payments
  • You can make additional payments at your convenience with NO prepayment fees or penalties.
  • You can change your payment due date

The drawbacks

Best Egg uses your debt-to-income ratio, credit score, and income to determine your loan amount and the interest you will pay. Because applicants must have a minimum FICO score of 600 – not everyone will qualify for a personal loan or could be charged an interest rate up to 29.99 percent with an origination fee up to 5.99 percent. These rates are comparable to the worst credit card interest rates and may not any benefit when trying to pay off your debt.

Also, if you choose a payment method other than automatic payment, you may be charged a $7 processing fee for each payment. You’ll end up paying an additional $84 in fees each year — that’s $420 over the course of a five-year loan.

How Best Egg Compares

Lender APR Range Loan Term Loan Amounts
36 - 60 months
up to $50,000
24 - 60 months
up to $35,000
36 - 84 months
up to $35,000
Click to compare estimated rates on PrimeRates. 

*Terms are for unsecured loans and may vary for secured loans.

Over 4,400 Best Egg reviews on Best Company gave the company a high customer review score of 4.9 out of 5, the highest in the personal loan industry, earning them the 2019 Consumer’s Choice Award for Personal Loans. Also, the company has an A+ rating with the Better Business Bureau. Best Egg offers interest rates and loan amounts that are on par, if not better, than the top personal loan lenders. Best Egg is also transparent when it comes to their loans. Offers do not come with a mountain of fine printmaking their application process seamless and easy to understand.

Should you apply?

If you’re carrying a high-interest loan or credit card balance, Best Egg encourages you to consolidate your debt with a low-interest loan to help you quickly pay off your commitments, so you can save money in the long run and build your nest egg.

How to apply for a Best Egg personal loan

Applying for a loan is quick and easy. Simply enter your email address to get started on the loan application. You’ll need to answer a few basic questions – such as your loan amount, loan purpose, and your physical address. You will enter a password, so you can sign back in to finish your application at your convenience.

As you continue through the application process, Best Egg will need to know your employment status, gross income, and household income - in addition to your housing payment and Social Security number to process your loan. Remember, Best Egg only runs a soft inquiry to verify your information and show you loan offers.


Visit Best Egg

Best Egg Disclaimer

Trustpilot TrustScore as of November 2019. Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” refer to “the Best Egg personal loan” and/or “Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history, and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000–$50,000. Residents of Massachusetts have a minimum loan amount of $6,500; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

Ready to get pre-qualified for a personal loan?

Information used in this tool has been gathered from the lenders’ websites and others publicly available sources. While we do our best to ensure our information is up to date and calculations are accurate, all information is presented without warranty. If you find information or calculations you believe to be in error, please contact us. Estimated interest rate, APR, and other terms are not binding in any way. Your actual interest rate and APR will depend on factors like credit score, requested loan amount, loan term, and credit history. Only borrowers with excellent credit will quality for the lowest rate. All loans are subject to credit review and approval by our lender partners. When evaluating offers, please review the lender’s terms and conditions for additional details.

The operator of this website is not a lender, does not broker loans to lenders and does not make personal loans or credit decisions. This website does not constitute an offer or solicitation to lend. This website will submit the information you provide to a lender. Providing your information on this website does not guarantee that you will be approved for a personal loan. The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product.

The offers that appear on this site are from third party advertisers from which PrimeRates receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). PrimeRates strives to provide a wide array of offers, but our offers do not represent all financial services companies or products.

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