Best Egg Personal Loans Review: Fast Funding & Good Rates
- Max. Loan Amount
- $50,000
- APR
- 7.99% to 35.99%
- Min. credit score
- 640
Our verdict
Fast funding and competitive rates — but watch out for those origination fees.
Best Egg offers personal loans to borrowers with fair to excellent credit. It’s known for great customer service, but its best rates go to customers with credit scores of 700 or higher, and it charges an origination fee of up to 9.99% of the loan amount. If you have good to excellent credit, you may want to consider a lender that doesn’t charge this fee. But for those who don’t qualify for a no-fee loan, Best Egg is definitely worthy of consideration.
Best for: Borrowers with fair to good credit seeking fast, fixed-rate loans.
Pros
-
Available to borrowers with fair credit
-
Funding as soon as the next business day
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No prepayment penalties
Cons
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Charges origination fees
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Not available in all states
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Unwanted marketing emails/calls
Details
Contact info
| Phone number | 855-282-6353 |
| Customer service hours | Monday–Thursday: 8 a.m. to 10 p.m. ET Friday: 8 a.m. to 8 p.m. ET Saturday: 9 a.m. to 6 p.m. ET Sunday: Closed |
| loan_assistance@bestegg.com | |
| @MyBestEgg | |
| @MyBestEgg |
Is Best Egg legit?
Yes, Best Egg is legit. The company offers loans through its partners, Cross River Bank and Blue Ridge Bank. It has funded over $24 billion to more than 2.7 million customers since the company was founded in 2014.
Best Egg has an A+ rating with the Better Business Bureau (BBB) and many positive customer reviews on both the BBB and Trustpilot. It also offers multiple ways to contact customer service, including phone, email, snailmail, Facebook and X (formerly Twitter).
Best Egg protects data from unauthorized access with encryption, secure servers and compliance with industry standards. However, the company sells customer information to third parties, which could lead to unsolicited marketing offers. But, you can opt out if you don’t want your data shared.
What makes Best Egg shine?
Best Egg is a lender known for its excellent customer service, quick application process and fast funding — often within one business day. Borrowers with fair to excellent credit can prequalify online with just a soft credit check and receive offers in minutes, with no obligation.
The company offers both unsecured and secured loans up to $50,000. By choosing a secured loan, like its home improvement loan, you could get a 20% discount off its typical rates. For those looking to reduce credit card and other personal debt, it offers a direct payment option on its debt consolidation loan, which may also snag you a lower rate.
Best Egg also receives exceptionally high customer reviews on the Better Business Bureau website — which is unusual for a financial services company. It has won numerous awards, including “Best Lending Solution” in the 2023 Benzinga Global Fintech Awards, and was named one of the top 250 fintech companies of 2024 by CNBC World.(1),(2)
Where Best Egg falls short
Best Egg’s main drawback is its origination fee, which ranges from 0.99% to 9.99%. Even if you have excellent credit, you’ll still be on the hook for paying an origination fee, which is deducted from the loan amount. If you’d rather skip an origination fee, there are other lenders that offer personal loans with no origination fee.
For example, if you qualify for a $10,000 loan with a 9.99% origination fee, you’ll only get around $9,000 — but still repay the full $10,000 plus interest. If you have good to excellent credit, you may be able to get a better deal elsewhere.
Best Egg loan details
| Minimum credit score/credit range | 640 |
| APR | 7.99% to 35.99% |
| Loan amounts | $2,000 to $50,000 |
| Terms | 3 to 5 years |
| Approval turnaround | As soon as the next business day |
| Availability | Not available in: Iowa, Vermont, West Virginia |
| Fees | Origination fees between 0.99% and 9.99%Potential fees for late payment or insufficient funds |
Best Egg contact info
| Phone number | 855-282-6353 |
| Customer service hours | Monday–Thursday: 8 a.m. to 10 p.m. ET Friday: 8 a.m. to 8 p.m. ET Saturday: 9 a.m. to 6 p.m. ET Sunday: Closed |
| loan_assistance@bestegg.com | |
| X, formerly Twitter | @MyBestEgg |
| @MyBestEgg |
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How to qualify for Best Egg
You’ll need to meet the following criteria to qualify for a Best Egg personal loan:
- Be a US citizen or permanent resident
- Be of legal age to accept a loan in your state
- Have a credit score of at least 640
- Provide proof of income
- Provide ID to verify your identity
- Have a verifiable personal checking account (must have a routing number)
- Have a valid email address
- Have a physical address (no PO boxes accepted)
How to apply
Best Egg is known for its fast application process. Follow these steps to apply:
- Fill out the online application and prequalify with a soft credit check.
- Review your loan offers.
- Select an offer then complete your loan application. This step likely requires a hard credit check and additional documentation.
- Wait for the lender to verify and approve or deny your application.
- Receive funds typically within one to three business days if approved.
How Best Egg compares to other lenders
What is the Finder Score?
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
Best Egg reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 4.87 out of 5 stars, based on 3487 customer reviews |
| Trustpilot Score | 4.6 out of 5 stars, based on 9,895 customer reviews. |
| Customer reviews verified as of | 05 January 2025 |
Best Egg has been accredited with the Better Business Bureau (BBB) since 2014 and has an A+ rating based on how it handles customer complaints. Best Egg also has an exceptionally high star rating for customer reviews. This is impressive, since most BBB reviews of financial services companies are from customers leaving complaints — not praise.
Best Egg is also highly rated on Trustpilot, with the vast majority of customers rating the company as “Excellent.” Satisfied customers mention the easy application process, fast funding, affordable payments and great customer service. Less happy customers mention high interest rates and origination fees, getting preapproved for a loan and later being denied and receiving unsolicited marketing calls from other companies after applying with Best Egg.
What do people on Reddit say?
Several past customers recommend Best Egg, sharing positive experiences they’ve had with the company on posts asking if the company is legit. However, there are several complaints about persistent marketing emails and phone calls.
The conflicting responses on Reddit show that people’s experiences with Best Egg vary, so it’s a good idea to take a close look at your finances and the loan terms before accepting an offer.
Frequently asked questions
Is Best Egg a direct lender?
No. Best Egg is a lending platform that reviews and approves loan applications, but loans are funded through its bank partners, Cross River Bank and Blue Ridge Bank.
Is it hard to get a loan from Best Egg?
Getting a loan from Best Egg isn’t difficult if you meet their qualifications. It typically looks for a credit score of at least 640, but having a higher score and steady income improves your chances of qualifying.
Does Best Egg hurt your credit score?
Best Egg allows you to view loan offers with just a soft credit check, which won’t damage your credit score. However, if you accept one of the offers, the lender performs a hard credit check that temporarily lowers your score by a few points.
Which is better, Best Egg or Prosper?
Best Egg and Prosper are very similar. They’re both legitimate lender platforms offering personal loans with fixed rates, flexible terms, a simple online application process — and origination fees. Best Egg has a better reputation and slightly faster funding, but either company would be a solid choice. Try prequalifying with both to find out which one can offer you better terms.
How long does it take to get funds from Best Egg?
Best Egg offers prequalification in minutes. Once your application is complete, the funds could be available as soon as the next business day or up to three days in some cases.
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Lacey Finder
Writer
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mariaghan Finder
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
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Debbie
April 12, 2017
Does Best Egg report to all 3 credit bureau and if so how often do they report?
Harold Finder
July 09, 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 general advice. With regard to this matter, you may want to try to clarify this directly with the lender. Meanwhile, please read more about how you can request your credit score to know more about your creditworthiness.
I hope this information has helped.
Cheers,
Harold
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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