We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Best Egg personal loans review

Last updated:  

Borrowers love this online lending platform, but watch out for high fees.

finder.com’s rating: 4.8 / 5.0

★★★★★

  • Best for borrowers looking for an online lender with a great reputation for customer service.
  • Pick something else if you want to avoid high origination and manual payment fees.

$35,000

Max. Loan Amount

5.99% to 29.99%

APR

640 FICO®

Min. Credit Score

Details

Product NameBest Egg Personal Loans
Min. Loan Amount$2,000
Max. Loan Amount$35,000
APR5.99% to 29.99%
Interest Rate TypeFixed
Min. Credit Score640 FICO®
Origination Fee0.99% to 5.99%
Late Fee$15
Minimum Loan Term3 years
Maximum Loan Term5 years
Turnaround TimeAs few as 1 business day(s)
Go to Best Egg's website

Expert review

Anna Serio

Review by


Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

Expert review

Best Egg might be best for borrowers looking to work with a company with stellar customer reviews. It has high ratings on both the Better Business Bureau (BBB) and Trustpilot, with many customers praising its quick and easy application process.

But it’s not the cheapest option out there — you’ll be on the hook for both a steep origination fee and manual payment fee. You also can’t borrow more than $35,000 unless you received a prequalification offer in the mail. And it’s harder to qualify if you’re self-employed.

Not sure Best Egg is right for you? Compare your other personal loan options below.

First, am I eligible?

To apply, you have to meet the following eligibility criteria:

  • Must have a FICO® score of 640+
  • Be a US citizen or permanent resident
  • Must not reside in IA, WV, VT, PR, or GU
Best Egg also considers your credit score history, debt-to-income ratio and other information you give in your loan application.

Best Egg isn’t available everywhere

While Best Egg has an extensive reach across the US, it isn’t available in the following states and territories:

  • Iowa
  • Vermont
  • West Virginia
  • Puerto Rico
  • Guam

Pros

  • Mailed preapproval notices allow loans up to $50,000
  • Stellar customer reviews from Trustpilot and the BBB
  • Multiple repayment methods, including Western Union Quick Collect
  • Available in most US states

Cons

  • Good to excellent credit required
  • High origination, late payment and manual payment fees
  • Harder to qualify if you’re self-employed

Compare personal loans from top providers

Updated November 18th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
5.95% to 35.99%
Fair to excellent credit
$100,000
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
3.84% to 35.99%
Good to excellent credit
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
6.98% to 35.89%
600
$50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
3.84% to 35.99%
550
$100,000
Get connected to competitive loan offers instantly from top online consumer lenders.
34% to 155% (Varies by state)
No minimum
$10,000
Check eligibility in minutes and get a personalized quote without affecting your credit score.
3.99% to 35.99%
450
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
6.49% to 17.99%
650
$25,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
6.95% to 35.89%
640
$40,000
A peer-to-peer lender offering fair rates based on your credit score.
5.99% to 17.88%
680
$100,000
No fees. Multiple member perks such as community events and career coaching.

Compare up to 4 providers

What do customers say about Best Egg?

BBB accreditedYes
BBB ratingA+
BBB customer reviews5 out of 5 stars, based on 2563 customer reviews
Trustpilot score4.8 out of 5, based on 3,528 customer reviews
Customer reviews verified as of04 November 2019
Best Egg has overwhelmingly positive online reviews. Borrowers loved how quick, easy and simple the application process was, though a handful had trouble accessing their online account or getting through to customer service. A few customers reported problems with unauthorized ACH withdrawals and at least one was accidentally charged the wrong interest rate. But Best Egg has worked to resolve all 123 customer complaints filed with the BBB. On top of this, it gave personalized responses to comments on both its BBB page and Trustpilot, an indicator of strong customer service.

How do I get started?

Click the Go to site button on this page to be redirected to Best Egg’s online form. Then follow these steps:

  1. Enter your email address and any offer codes you might have and click Check Your Rate.
  2. Fill out the required fields with information about how much you’d like to borrow and your personal information. Read and agree to the e-sign consent, privacy notice and credit report authorization before clicking Continue.
  3. Complete the remaining fields and click Check My Rates.
  4. You should be taken to a page displaying different offers you qualify for. Click View to learn more about each of them.

What information do I need?

Completing Best Egg’s online form requires you to submit some basic information:

  • Full name and contact information
  • Social Security number and date of birth
  • Copy of a government-issued ID
  • Details about your employment status and annual income

Step-by-step instructions with screenshots

What happens after I apply?

Best Egg will process your application and notify you of an approval decision within a few minutes. If you’re approved, you will be able to confirm the information about yourself and sign your loan documents. You may receive your loan funds within one to two business days.

How do repayments work with Best Egg?

You can repay your loan by setting up an electronic funds transfer with your account, through Best Egg’s website, by mail or even through Western Union. Electronic funds transfers come with an autopay option, which tends to make repayments less of a hassle — it’s one less thing to remember. If you don’t choose to use autopay, Best Egg charges a $7 fee for each transfer. And if you’re late on a payment — no matter which method you use — Best Egg charges a $15 fee.

If you run into any problems or have any questions, you can contact Best Egg by calling 855-282-6353.

On the fence about Best Egg? Compare your other personal loan options or read our guide to sites like Best Egg to find a lender that better suits your needs.

Important information

The Annual Percentage Rate (APR) is the cost of credit as a yearly rate and ranges from 5.99%-29.99%, which may include an origination fee from 0.99%–5.99% that is deducted from loan proceeds. Any origination fee on a loan term 4-years or longer will be at least 4.99%. The loan term and the APR offered will depend on your credit score, income, debt payment obligations, loan amount, credit usage history and other factors. Additionally, the APR offered is impacted by your loan term and may be higher than our lowest advertised rate. Requests for the highest loan amount may result in an APR 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 rate.

Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Equal Housing Lender. "Best Egg" is a trademark of Marlette Funding, LLC. All uses of "Best Egg" on this site mean and shall 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. Loan amounts generally range from $2,000-$35,000. Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail. The minimum individual annual income needed to qualify for a loan of $50,000 is $130,000. Borrowers may hold no more than two open Best Egg loans at any given time. In order to be eligible for a second Best Egg loan, your existing Best Egg loan must have been open for at least four months. Total existing Best Egg loan balances must not exceed $50,000. All loans in MA must exceed $6,000; in NM, OH must exceed $5,000; in GA must exceed $3,000. Borrowers should refer to their loan agreement for specific terms and conditions. Your verifiable income must support your ability to repay your loan. Upon loan funding, the timing of available funds may vary depending upon your bank's policies.

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.

Frequently asked questions

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.

4 Comments

  1. Default Gravatar
    Ellen
    August 14, 2017

    I am looking for a loan for $4500. I have fair credit. I have been turned down before for a loan but if granted the $4500 loan it will be paid back to you within the month

    • AvatarStaff
      Maria
      August 14, 2017

      Hi Ellen,

      As a friendly reminder, we do not represent Best Egg or any of the companies that we feature on our pages.

      You may want to contact Best Egg directly should you want to apply for a loan with them.

      For other options, you may check our page on Personal Loans.

      Cheers!
      Maria

  2. Default Gravatar
    Debbie
    April 12, 2017

    Does Best Egg report to all 3 credit bureau and if so how often do they report?

    • AvatarStaff
      Harold
      July 9, 2017

      Hi Debbie,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general advice. With regard to this matter, you may want to try to clarify this directly with the lender. Meanwhile, should you need to request for your credit score please visit this page.

      I hope this information has helped.

      Cheers,
      Harold

Go to site