Best Egg Loans Logo

Best Egg personal loans

Are you looking for a personal loan with a competitive interest rate that you can apply for online?

Since Best Egg launched in 2015, more than 200,000 borrowers have taken out Best Egg personal loans, with the total amount in loans offered over $3 billion.

You can borrow $2,000 to $35,000 through a Best Egg loan. The term of the loan can be up to 5 years.

How does borrowing from Best Egg work?

You apply for a Best Egg loan online. Soon after you apply, you’ll receive the status of your application. If approved, you get a loan contract that you need to review and sign. Once you accept the contract’s terms and conditions the approved funds transfers into your bank account automatically.

Unlike peer-to-peer lenders who have to wait for investors to fund your loan, Best Egg has investors who are ready to fund your loan immediately. This is why you can get the required money in your bank account in as little as one business day.

When you take a Best Egg personal loan you get different options for repayments, and you can make additional repayments towards your loan at anytime.

Compare Best Egg to other personal loan lenders

Rates last updated August 18th, 2017

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Let's get started

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

Experian logo

Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR Requirements
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
640
$35,000
From 5.99% (fixed)
Must be 18+ years old, an American citizen or US permanent resident and have a 640+ credit score.
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
660
$40,000
From 5.99% (fixed)
You must be over 18 years of age, a permanent resident of the US or an American citizen and have a steady source of income.
SoFi Personal Loan Fixed Rate (with Autopay)
Borrow up to $100,000 with a competitive APR and no fees.
Good to excellent credit
$100,000
From 5.49% (fixed)
You must be a U.S. citizen or permanent resident, and 18 years or older.
Avant
Check your rate — without affecting your credit score — before applying for this unsecured personal loan.
600
$35,000
From 9.95% (fixed)
You must have good to excellent credit, provide proof of a steady income and be a US resident who is at least 18 years old (19 years old in Alabama).
Payoff Personal Loans
Pay down your debt with a fixed APR and one monthly payment.
660
$35,000
From 8 to 25% (fixed)
You must have a FICO score of 660 or higher, at least 3 years of credit history and a debt-to-income ratio of no more than 50%. You must live in a state where Payoff offers loans; check availability.
LendingPoint Personal Loans
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
600
$20,000
From 15.49% (fixed)
Must have a fair credit score of 600 or better and verifiable income. Must live in a state where LendingPoint services.
Laurel Road Personal Loans
Get a personal loan with no application or origination fees and a rate discount for autopay.
680
$45,000
From 5.5% (fixed)
Must be a US citizen or permanent resident with a valid I-551 card
OneMain Financial Personal Loans
Get a personal or auto loan with a quick and easy application and dedicated customer support.
600
$25,000
From 12.99% (fixed)
Eligibility for a loan is determined by your financial history, credit history, income and expenses, and whether or not you have ever filed for bankruptcy.
Even Financial Personal Loans
Get matched to the best loan offer instantly from top online consumer lenders.
580
$100,000
From 4.99% (fixed)
Must have a minimum credit score of 580+. Must be 18+ years old and be an American citizen or permanent resident.

Compare up to 4 providers

Best Egg personal loan features to compare

Here’s what you need to know about Best Egg personal loans:

  • Use funds for different reasons. You can save money by getting a Best Egg loan to consolidate existing credit card debt. You can use proceeds from this loan for home improvement, business expenses, making major purchases, moving, traveling, or buying a vehicle.
  • Minimum and maximum loan amount. The minimum you can borrow through a Best Egg loan is $2,000. The maximum is $35,000. The minimum you can borrow in Massachusetts is $6,000. In Georgia, you have to borrow a minimum of $3,000.
  • Loan term. You get to choose from two loan terms:  years and 5 years.
  • Interest. Best Egg loans come with annual percentage rates (APRs) from 5.99% p.a.. However, you will need a FICO score of at least 700 and a minimum annual income of $100,000 to qualify for the lowest rate.
  • Fees. Best Egg loans charge loan origination fees ranging from 0.99% to 5.99%. Late payments attract a penalty fee of $15.
  • Processing time. After you complete all the required paperwork and accept the loan contract you can potentially get your hands on the money within one business day.
  • Repayment methods. You can sign up for electronic funds transfer at the time you apply (or later if you wish), or you can make one-time repayments online. The options to send checks and money grams via regular mail also exist. You can even make repayments through Western Union Quick Collect.

How you can apply for a Best Egg loan

Click on the web site if you wish to apply for a Best Egg personal loan. To apply, you have to meet some eligibility criteria:

  • Meet your state’s minimum age requirement.
  • Be an American citizen or permanent resident of the US.
  • Have a verifiable bank account.
  • Have a regular source of income.

Completing the application successfully requires that you submit some basic information:

  • Your full name and contact information.
  • Your Social Security number and date of birth.
  • A valid form of identification such as your driver’s license, passport or state-issued ID.
  • Details about your employment status and annual income.

Frequently asked questions

Yes, you can make additional payments at your convenience with NO prepayment fees or penalties. Prepaying your loan will reduce future interest payments.

When you check your rates, you also have to provide info such as income and employment status. Because several weeks pass between the pre-screening process and the application, they also request updated information from the credit bureaus in the form of a “soft” credit inquiry.

Yes. If you have concerns, you can read over Best Egg’s Privacy Policy on their website, but it is backed by GlobalSign and is Consumer Affairs accredited.

Was this content helpful to you? No  Yes

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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

4 Responses

  1. Default Gravatar
    EllenAugust 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

    • Staff
      mariaghanAugust 14, 2017Staff

      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
    DebbieApril 12, 2017

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

    • Staff
      HaroldJuly 9, 2017Staff

      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

US Personal Loans Offers

Learn about our information service
Prosper Personal Loan

Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.

Lending Club Personal Loan

Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

Borrow up to $100,000 with a competitive APR and no fees.

Upstart Personal Loans

This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.

feedback