If you are in need of quick funds for debt consolidation, home improvement, or financing a major purchase, Best Egg offers unsecured and secured personal loans that can help. In this article, we will review Best Egg in detail, including its pros and cons, services, and frequently asked questions (FAQs).

What is Best Egg?
Best Egg is a financial technology company that offers unsecured or secured personal loans to individuals through its partnership with Cross River Bank. Founded in 2013, the company is headquartered in Wilmington, Delaware. Best Egg’s loans are designed to help individuals consolidate debt, make home improvements, finance major purchases, or cover unexpected expenses.
Pros and Cons of Best Egg
Like any other loan provider, Best Egg has its pros and cons. Here are some of the most important ones:

Pros:
- Quick loan processing: It offers quick loan processing, with funds available as soon as the next business day after loan approval.
- Flexible loan terms: It offers loan terms ranging from 3 to 5 years, allowing borrowers to choose a term that suits their financial situation.
- No prepayment penalties: It does not charge any prepayment penalties, allowing borrowers to pay off their loans early without incurring additional fees.
- Online application: Its online application process is quick and easy, allowing borrowers to apply for a loan from the comfort of their own homes.
- Competitive interest rates: It offers competitive interest rates, with APRs ranging from 8.99% to 35.99%.
Cons:
- Origination fees: It charges an origination fee of 0.99% to 8.99% of the loan amount, which can increase the total cost of the loan.
- Strict credit requirements: It requires a minimum credit score of 640, which may exclude some borrowers with less-than-perfect credit.
- Limited loan amounts: Its loan amounts range from $2,000 to $50,000, which may not be enough for some borrowers with larger financial needs.
Best Egg Services
Best Egg offers unsecured and secured personal loans for a variety of purposes, including debt consolidation, home improvement, major purchases, medical expenses, moving and relocation, and vacation and travel. Best Egg loans have fixed interest rates and no hidden fees. The loans are paid back in fixed monthly payments over a period of 3 to 5 years.
How to Apply for a Best Egg Loan
Applying for a Best Egg personal loan is a straightforward process that can be completed entirely online. Here are the steps:
- Visit the website at www.bestegg.com and click on the “Apply Now” button.
- Enter your personal information, including your name, address, date of birth, and social security number.
- Provide information about your employment, income, and expenses.
- Choose the loan amount and term that you want.
- Review and agree to the loan terms and conditions.
- Submit your application.
Once you submit your application, they will review your information and conduct a soft credit inquiry to determine your creditworthiness. If you meet the eligibility criteria and are approved for a loan, you will receive a loan offer that includes the loan amount, term, APR, and any fees.
You can choose to accept or decline the loan offer, and if you accept, you will need to provide additional documentation to verify your identity and income. Once your loan is approved, you can expect to receive the funds within one to three business days.
Interest Rates and Loan Terms for Best Egg Loans

As an AI language model, I don’t have access to real-time data on Best Egg loans’ interest rates and loan terms. However, according to Best Egg’s website, their interest rates start at 5.99% and go up to 29.99%, and their loan terms range from 36 to 60 months.
It’s important to note that the interest rate and loan terms you are offered may vary based on several factors, including your credit score, income, and the loan amount requested. It’s always a good idea to shop around and compare loan offers from different lenders to find the best rates and terms for your individual financial situation.
What is Best Egg, and how does it work?
This company is an online lending platform that provides personal loans to borrowers with good credit. The platform offers unsecured loans, which means that borrowers do not have to put up collateral, such as a car or house, to secure the loan.
The loan application process is entirely online, and borrowers can complete the application in minutes. To apply for a loan, borrowers must provide their personal information, including their name, address, and Social Security number. They also need to provide information about their employment, income, and expenses.
Once the borrower submits their application, they will review their creditworthiness and make a loan decision. If the loan is approved, the funds will be deposited into the borrower’s bank account within a few days.
Borrowers can use Best Egg loans for a variety of purposes, including debt consolidation, home improvement, and unexpected expenses. The loan terms range from 36 to 60 months, and the interest rates are fixed, which means they will not change over the life of the loan.
To repay the loan, borrowers must make monthly payments, which include both principal and interest. Best Egg offers autopay, which allows borrowers to have their payments automatically deducted from their bank account each month.
FAQs
What are the requirements to qualify for the Best Egg loan?
To qualify for a Best Egg loan, you must be at least 18 years old and have a minimum credit score of 640. You must also have a minimum annual income of $35,000 and a maximum debt-to-income ratio of 50%.
What is the maximum loan amount that I can borrow from Best Egg?
The maximum loan amount you can borrow is $50,000. However, the actual loan amount you may qualify for depends on several factors, such as your credit score, income, and debt-to-income ratio.
How long does it take to receive my funds from Best Egg?
If you are approved for a loan, you can receive your funds as soon as one business day after approval. However, the actual time it takes to receive your funds may vary depending on your bank’s processing times.
What are the interest rates for Best Egg loans?
Loans come with fixed interest rates that range from 5.99% to 29.99%. The actual interest rate you may qualify for depends on several factors, such as your credit score, income, and loan term.
What is the loan term for Best Egg loans?
Best Egg loans come with loan terms ranging from 36 to 60 months. Borrowers can choose a loan term that fits their budget and financial goals.
Are there any fees associated with Best Egg loans?
Yes, it charges an origination fee that ranges from 0.99% to 5.99% of the loan amount. The actual origination fee you may pay depends on your creditworthiness and the loan term.
Can I pay off my Best Egg loan early without penalty?
Yes, you can pay off your loan early without penalty. In fact, paying off your loan early can help you save on interest charges and reduce the overall cost of borrowing.
What happens if I miss a Best Egg loan payment?
If you miss a loan payment, you may be charged a late fee. Additionally, your credit score may be negatively impacted, and your account may be sent to a collections agency if you continue to miss payments.

Is Best Egg a reputable lender?
Yes, Best Egg is a reputable lender. The company has been in business since 2014 and has funded over $12 billion in loans to over 600,000 customers. Best Egg has an A+ rating with the Better Business Bureau and has received positive customer reviews on various review websites.
The company is also a member of the Online Lenders Alliance, which promotes responsible lending practices among online lenders. Additionally, Best Egg uses advanced technology and data analytics to evaluate loan applications, ensuring that borrowers are matched with the best possible loan terms for their financial situation. Overall, Best Egg is a trusted and reliable lender in the online lending industry.
Conclusion
Overall, Best Egg is a legitimate loan provider that offers unsecured and secured personal loans for a variety of purposes, including debt consolidation, home improvement, and major purchases. It has a quick and easy online application process, with funds available as soon as the next business day after loan approval. The company offers competitive interest rates, flexible loan terms, and no prepayment penalties, making it an attractive option for borrowers in need of quick cash.
However, Best Egg does charge an origination fee and requires a minimum credit score of 640, which may exclude some borrowers with less-than-perfect credit. Additionally, the company has a limited loan amount range, which may not be enough for borrowers with larger financial needs.
If you’re considering a Best Egg loan, it’s important to carefully review the terms and conditions of the loan agreement, including all fees and interest rates. Additionally, it’s a good idea to compare rates and terms from multiple lenders to ensure that you’re getting the best possible deal.
In summary, Best Egg is a reliable loan provider that can provide borrowers with quick and flexible financing options for various purposes. However, as with any financial decision, it’s important to do your research and make an informed decision that fits your individual financial situation.
Best Egg
Best Egg Review
In summary, Best Egg is a reliable loan provider that can provide borrowers with quick and flexible financing options for various purposes. However, as with any financial decision, it’s important to do your research and make an informed decision that fits your individual financial situation.