Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Loans like Best Egg

Compare online loans with lower rates — or easier eligibility requirements.

Since 2014, Best Egg has become one of the fastest-growing online lending platforms, with competitive interest rates, fast turnaround and good customer reviews. But you’ll need a credit score of at least 640 to qualify, and you’re on the hook for an origination fee.

If Best Egg isn’t right for you, these alternatives offer online applications, equally competitive rates and, in some cases, no origination fees. Others lend to borrowers with credit scores below 640 — or let you use your funds to pay off student loans.

Our 9 top picks for loans like Best Egg

Alternative for low rates: LightStream

LightStream personal loans

4.8 / 5 ★★★★★

LightStream offers some of the lowest rates available for excellent credit borrowers, and it will beat a competitor's rate by .10% if you meet certain conditions. It has a 0.5% autopay discount if you set up payments before loan funding. Loan amounts are higher than Best Egg, starting at $5,000 and going up to $100,000. LightStream doesn't include application fees, origination fees or prepayment penalties.

  • Available in all states
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36 monthly payments of $303.99.

Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
Pros
  • Larger amounts available
  • Rate Beat program
  • No fees
Cons
  • Minimum loan amount of $5,000
  • Most competitive rates require autopay
Loan amount$5,000 to $100,000
APR7.49% to 25.49%
Interest Rate TypeFixed
Min. credit scoreGood to excellent credit
Turnaround TimeAs soon as same day
Maximum Loan Term12 years
Minimum Loan Term2 years

Alternative for fair credit: Upstart

Upstart personal loans

4.2 / 5 ★★★★★

Upstart can be a good alternative to Best Egg if you're just building your credit. While most borrowers happen to have fair or good credit, it goes beyond your credit score to look at other factors, such as your education and career. It also offers a wider range of loan amounts than Best Egg, from $1,000 to $50,000. Its rates start as low as 6.4% APR, but origination fees run as high as 12%.

  • Not available in: West Virginia
Pros
  • Accepts fair credit
  • Factors in alternative criteria
  • Loans as low as $1,000
Cons
  • Higher APRs than Best Egg
  • Origination fee as high as 12%
Loan amount$1,000 to $50,000
APR6.40% to 35.99%
Interest Rate TypeFixed
Min. credit score300
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for bad credit: OneMain Financial

OneMain Financial personal loans

3.4 / 5 ★★★★★

OneMain Financial is one of the few lenders that accepts poor credit, making it a good alternative to Best Egg for borrowers with bad credit. While rates start high at 18% APR, it's lower than what you'll find with most lenders that accept poor credit. It also offers a secured option to help you qualify for a lower rate than you might otherwise find with another lender. But due to the high rates, this loan isn't a good option for debt consolidation — even if you can't qualify for another personal loan. Bad credit borrowers should consider other debt-relief options or DIY debt payment strategies.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
* OneMain Disclosures:

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Pros
  • Accepts poor credit
  • Factors in alternative criteria
  • Secured options for lower rates
Cons
  • Higher APRs than Best Egg
  • Not ideal for debt consolidation
  • Origination fee as high as 10%
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. credit scoreVaries
Turnaround TimeAs soon as the same business day
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for joint applicants: Achieve

Achieve personal loans

3.4 / 5 ★★★★★

Achieve (formerly FreedomPlus) not only has lower rates than Best Egg, but it also offers steep rate discounts. This can reach as high as to 6% off your APR if you apply with a coborrower and 4% off if you send the loan directly to creditors for debt consolidation. While FreedomPlus charges an origination fee of up to 6.99%, it's lower than Best Egg's fee. However, it has a slightly longer turnaround time, taking up to four days from start to finish. It's also not available in several states.

  • Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington
Pros
  • Lower rates and fees than Best Egg
  • Discount for joint applicants
  • Discount for debt consolidation
Cons
  • Longer turnaround time than Best Egg
  • Limited state availability
Loan amount$5,000 to $100,000
APR8.99% to 35.99%
Interest Rate TypeFixed
Min. credit score620
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for small loans: Upgrade

Upgrade personal loans

4 / 5 ★★★★★

Upgrade offers loans as low as $1,000 — one of the smallest loans you can find with a personal loan provider. This makes it a good alternative to Best Egg if you want something under the lender's minimum. Other than that, these two lenders are relatively similar — rates and fees are on the high end for a personal loan provider, but both accept fair credit. Aside from the loan amounts, the main difference is that Upgrade is slightly harder to qualify for. In addition to the minimum credit score requirement of 620, Upgrade also requires borrowers to have at least $1,000 in monthly income left after expenses.

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

Personal loans made through Upgrade feature APRs of 5.94%-35.97%. All personal loans have a 2.9% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/.

Pros
  • Loans as low as $1,000
  • Rates and fees similar to Best Egg
  • Accepts fair credit
Cons
  • Higher minimum credit score than Best Egg
  • High cash flow requirement
Loan amount$1,000 to $50,000
APR8.49% to 35.99%
Interest Rate TypeFixed
Min. credit score620
Turnaround Time1 to 4 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

Alternative for peer-funded loans: Prosper

Prosper personal loans

3.4 / 5 ★★★★★

Loans through Prosper are similar to Best Egg loans, offering amounts between $2,000 and $50,000, with APRs between 6.99% and 35.99% and three- to five-year repayment terms. Prosper charges a 1% to 7.99% origination fee and it can take up to 14 days to get your funds. Prosper doesn't get as high of marks on sites like Trustpilot, though, which may have to do with the longer turnaround time.

  • Not available in: Iowa, North Dakota, West Virginia
Pros
  • Same rates, amounts and terms as Best Egg
  • Available in Vermont
Cons
  • Poor customer reviews
  • Not available in North Dakota, Iowa or West Virginia
  • Potentially longer turnaround time
Loan amount$2,000 to $50,000
APR6.99% to 35.99%
Interest Rate TypeFixed
Min. credit score640
Turnaround TimeUp to 14 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for self-employed borrowers: Avant

Avant personal loans

3.4 / 5 ★★★★★

Avant makes it easier to get a loan when you don't work full-time for an employer — it can take time to prove that you have steady income. This lender also accepts borrowers with credit scores as low as 580 and charges lower origination fees, making it a good option for borrowers on the lower end of the fair credit spectrum. However, with APRs ranging from 9.95% and 35.99%, borrowers with good credit or higher should avoid this option. It also settled lawsuits over its collection practices in 2019 and 2021.

  • Not available in: Colorado, Hawaii, Iowa, Nevada, New York, Vermont, West Virginia
Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.
Pros
  • Accepts self-employed income
  • Lower credit score minimum than Best Egg
  • Lower origination fee than Best Egg
Cons
  • High APRs
  • History of lawsuits
Loan amount$2,000 to $35,000
APR9.95% to 35.99%
Interest Rate TypeFixed
Min. credit score580
Turnaround TimeAs soon as the next business day
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for quality customer reviews: Universal Credit

Universal Credit personal loan

3.9 / 5 ★★★★★

Universal Credit may have higher rates and fees than most personal loan providers. But like Best Egg, it's one of the few that gets consistently positive customer reviews across sites like the Better Business Bureau (BBB) and Trustpilot. If you have fair credit and would pay a little extra to avoid hours on the phone with customer service, this might be the choice for you. But for good credit borrowers, the savings from lower rates and fees at another lender could be worth the potential hassle.

  • Not available in: Iowa, West Virginia
Pros
  • Positive customer reviews
  • Accepts fair credit
Cons
  • High APRs
  • High origination fees of 5.25% to 8.99%
Loan amount$1,000 to $50,000
APR11.69% to 35.93%
Interest Rate TypeFixed
Min. credit score620
Turnaround TimeAs soon as one business day
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for borrower perks: SoFi

SoFi personal loans

4.4 / 5 ★★★★★

SoFi offers relatively low rates and access to extra perks to help you build your career. This includes access to financial advisers, networking opportunities and an entrepreneur program — which comes with seed money and more. SoFi offers fixed-rate loans from 8.99% APR to 29.99% APR, which includes an autopay discount. But it's harder to qualify with this lender than Best Egg, requiring a credit score of at least 680.

  • Available in all states
Fixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.
Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.
Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.
Unemployment Protection: If you lose your job through no fault of your own, you may apply for Unemployment Protection. If your loan(s) is/are in good standing at the time you request Unemployment Protection SoFi will, upon approval, help to modify your monthly SoFi loan payments. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in three-month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance you must provide proof that you have applied for and are eligible for unemployment compensation.See SoFi.com/faq-upp for details.
Pros
  • Member benefits
  • Competitive rates
Cons
  • More difficult to qualify than Best Egg
  • Not available in Mississippi
Loan amount$5,000 to $100,000
APR8.99% to 29.99%
Interest Rate TypeFixed
Min. credit score680
Turnaround TimeUp to 2 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

How does Best Egg compare?

Read our Best Egg review to get the full picture of what Best Egg offers. But here are Best Egg’s major pros and cons:

Pros

  • Simple application
  • Fast turnaround time
  • Competitive rates
  • Multiple repayment methods

Cons

  • Good customer reviews online
  • Only available in select states
  • Hard to qualify if self-employed
  • 700+ FICO score required for lowest rates

More guides on Finder

Ask an Expert

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site