Best Egg Personal Loans Review (2024)

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Enter $2,000 - $100,000
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What is Best Egg?

Best Egg is an online lending platform that offers personal loans to individuals. It is a reputable lender that provides a streamlined and convenient borrowing experience for customers.

2024 Key Features and Benefits

  • Loan Amounts: Best Egg offers loan amounts ranging from $2,000 to $50,000, allowing borrowers to access funds based on their specific financial needs.
  • Competitive Interest Rates: Best Egg offers competitive interest rates on its personal loans. The interest rate you receive will depend on factors such as your credit history, income, and loan amount.
  • Fixed Terms and Payments: Best Egg personal loans come with fixed terms, typically ranging from 3 to 5 years. This means you'll have a set repayment period and fixed monthly payments, making it easier to budget and plan your finances.
  • Quick and Easy Application Process: Best Egg provides a simple and streamlined online application process, allowing borrowers to apply for a loan from the comfort of their own homes. The application typically takes only a few minutes to complete.
  • Fast Funding: If your loan application is approved, Best Egg aims to provide quick funding, often within one to three business days. This can be beneficial if you need the funds promptly for an urgent expense.
  • No Prepayment Penalties: Best Egg does not charge prepayment penalties, meaning you can pay off your loan early without incurring additional fees. This gives you the flexibility to save on interest payments and potentially become debt-free sooner.

Best Egg Rates & Fees Summary

Feature Details
Interest Rates (APR) 8.99% - 35.99%
Minimum Credit Score 600
Loan Amounts $2,000 - $50,000
Repayment Terms 36 - 60 months
Origination Fees 0.99% - 8.99% (one-time fee, deducted from loan amount)
Other Fees $15 returned payment fee
Application Process Quick and easy online application
Features No prepayment penalty, simple interest calculation, flexible repayment options

How Does Best Egg Work?

The loan process with Best Egg is simple and straightforward, and you can complete it entirely online.

  • Loan Application: To apply for a Best Egg personal loan, you can visit their website or access their online application platform. The application process typically takes only a few minutes, and you'll need to provide personal and financial information, such as your name, address, employment details, income, and social security number.
  • Credit Evaluation: Once you submit your loan application, Best Egg will review your information and perform a credit evaluation. They will assess your creditworthiness, taking into account factors such as your credit history, credit score, income, and debt-to-income ratio.
  • Loan Offer: If your loan application is approved, Best Egg will provide you with a loan offer. This offer will include details such as the loan amount, interest rate, repayment term, and monthly payment amount. It's important to carefully review the terms and conditions of the loan offer to ensure they align with your needs and financial situation.
  • Acceptance and Verification: If you're satisfied with the loan offer, you can accept it electronically. After accepting the offer, Best Egg may require additional documentation or verification to finalize the loan process. This may involve providing proof of income, employment verification, or other requested documents.
  • Funding: Once all necessary documentation and verifications are complete, Best Egg will initiate the loan funding process. The funds will typically be deposited directly into your bank account. The timing of the funds' availability will vary but is often within one to three business days.
  • Repayment: Best Egg personal loans come with fixed terms and fixed monthly payments. You will need to make regular monthly payments for the agreed-upon term of the loan until it is fully repaid. It's essential to adhere to the repayment schedule to maintain a positive payment history and avoid late payment fees.
  • Customer Support: Best Egg provides customer support services to assist borrowers throughout the loan process. If you have any questions, concerns, or need assistance with your loan, you can reach out to their customer service team for guidance.

What type of loans does Best Egg offer?

Best Egg offers unsecured personal loans to individuals. These loans are not backed by collateral, such as a car or a home, so they are available to borrowers with a variety of credit scores. Best Egg personal loans can be used for a variety of purposes, including:

  • Debt consolidation: Combine multiple high-interest debts into one lower-interest loan.
  • Home improvement: Make necessary repairs or improvements to your home.
  • Major purchases: Buy a new car, furniture, or other large item.
  • Medical expenses: Pay for unexpected medical bills.
  • Other financial needs: Consolidate credit card debt, pay for college tuition, or cover unexpected expenses.

Best Egg Pros and Cons


  • Competitive interest rates: Best Egg offers highly competitive interest rates on its personal loans, starting as low as 6.99% APR. This can potentially save you money on interest payments over the life of the loan.
  • Flexible repayment terms: Best Egg provides flexibility with loan terms ranging from 36 to 72 months. You can choose a repayment period that aligns with your financial goals and helps you manage your monthly payments effectively.
  • Fast funding: Once your loan is approved, Best Egg aims to provide fast funding. In many cases, you can expect to receive the loan funds in your bank account as soon as the next business day, allowing you to address your financial needs promptly.
  • No prepayment penalties: Best Egg allows you to pay off your loan early without any prepayment penalties. This gives you the freedom to save on interest costs by making extra payments or settling the loan ahead of schedule.
  • Easy online application: Best Egg offers a streamlined online application process that can be completed in just a few minutes. Applying online provides convenience and allows you to initiate the loan application from the comfort of your home.
  • Good customer service: Best Egg has established a positive reputation for its customer service. Their knowledgeable and responsive team can assist you throughout the loan process, addressing any inquiries or concerns you may have.


  • Origination fee: Best Egg charges an origination fee on its personal loans, ranging from 1% to 8% of the loan amount. This fee is deducted from the loan proceeds and should be considered when evaluating the overall cost of borrowing.
  • High credit score requirements: Best Egg has minimum credit score requirements, with the lowest interest rates typically available to borrowers with higher credit scores, which can be as high as 740. If your credit score is lower, you may still be eligible for a loan but could potentially receive a higher interest rate.
  • Limited availability: Best Egg is not available in all states. Before applying for a loan, it's important to verify if Best Egg operates in your state by checking their website or contacting their customer support.
  • Limited loan amounts: Best Egg's loan amounts are limited to a range of $2,000 to $50,000. While this can be sufficient for many personal needs, if you require a larger loan, you may need to explore alternative lenders.
  • Remember to carefully review the terms and conditions of any loan offer, including interest rates, fees, and repayment requirements, to ensure it aligns with your financial situation and goals.

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How is Best Egg’s customer service and support?

Best Egg has a good reputation for customer service. The company offers 24/7 customer support by phone, email, and live chat. Customer service representatives are knowledgeable and helpful, and they are able to answer questions about the application process, loan terms, and repayment options.

Here are some reviews of Best Egg's customer service from Trustpilot:

  • "I had a great experience with Best Egg. The application process was easy and the customer service was excellent. I would definitely recommend them to others." - 5 stars
  • "I had a question about my loan and the customer service representative was very helpful. They were able to answer my question quickly and clearly." - 4 stars
  • "I had a problem with my loan and the customer service was very responsive. They were able to resolve the issue quickly and I was very satisfied with the outcome." - 5 stars

Overall, Best Egg's customer service is considered to be good. If you have any questions or problems with your loan, you can be confident that the customer service team will be able to help you.

Is Best Egg a legitimate company?

Yes, Best Egg is a legitimate and trustworthy lender. The company is accredited by the Better Business Bureau (BBB) with an A+ rating, and it has been in business since 2014. Best Egg is also a member of the Consumer Financial Protection Bureau (CFPB).

Here are some of the factors that make Best Egg a legitimate and trustworthy lender:

  • Accreditation by the BBB: The BBB is a non-profit organization that evaluates businesses based on their customer service, complaint history, and financial stability. Best Egg has an A+ rating with the BBB, which is the highest possible rating.
  • Membership in the CFPB: The CFPB is a government agency that protects consumers from unfair, deceptive, or abusive financial practices. Best Egg is a member of the CFPB, which means that it is subject to the agency's regulations.
  • Positive customer reviews: Best Egg has a good reputation for customer service. The company has a 4.6 out of 5 star rating on Trustpilot, based on over 7,000 reviews.
  • Transparent lending practices: Best Egg is upfront about its lending practices. The company publishes its interest rates, fees, and terms on its website.

How to apply for a loan with Best Egg

To apply for a personal loan with Best Egg, follow these steps:

  1. Visit the Best Egg website and locate the "Apply Now" button to initiate the loan application process.
  2. Provide your personal information accurately and securely. This includes details such as your full name, residential address, email address, and phone number. Make sure to double-check the information for accuracy.
  3. Enter your financial information, which typically includes your income, employment details, and an estimation of your credit score. Best Egg considers various factors to assess your creditworthiness and determine your loan options.
  4. Select the desired loan amount and term that aligns with your financial needs and repayment preferences. Best Egg offers a range of loan amounts and flexible repayment terms to choose from.
  5. Carefully review the terms and conditions of the loan, including interest rates, fees, and repayment obligations. Ensure that you fully understand the terms before proceeding.
  6. Once you have reviewed the loan details and are satisfied, submit your application by clicking on the designated "Submit" button. This will send your application to Best Egg for evaluation.
  7. Best Egg's dedicated team will review your application promptly, typically within 24 hours. They will assess your eligibility and creditworthiness based on the information provided.
  8. If your loan application is approved, Best Egg will notify you of the loan offer, including the approved loan amount, interest rate, and repayment terms. Review the offer thoroughly and ensure it meets your expectations.
  9. If you accept the loan offer, you will proceed to finalize the loan agreement and provide any additional requested documentation.
  10. Once the loan agreement is completed, Best Egg will work to disburse the funds to your bank account. In most cases, you can expect to receive the loan funds within one to three business days, allowing you to utilize them for your intended purposes.

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"A seamless experience from start to finish, and not to mention FAST! I got funded in just 3 days for an unexpected family expense and was able to obtain a great rate"

Marc Amado

"They are a team of top-notch professionals and were very responsive to a few questions I had on my loan application. I’d definitely work with them again. Thank you for making the process so easy and painless!"

Allison Brenner

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Loan rate & terms disclosure: Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.

Requesting prequalified rates on Credible is free and doesn't affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.