9.5
Overall Score19 hours ago
Best Egg is a personal loans lender and has been in operation since 2014. It has funded over $7 billion in loans. Most Best Egg personal loans are used to consolidate high-interest debt, like credit card debt. Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC.
Loan amounts generally range from $2,000-$35,000. Best Egg offers fixed term plans and origination fees from 0.99-5.99 percent. Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail. The minimum individual annual income needed to qualify for a loan of $50,000 is $130,000. The company boasts an A+ rating with BBB and has served more than 420,000 customers. With an exceptional consumer star-rating on BestCompany.com, Best Egg reviews indicate a quality company with quality service. Read Best Egg personal loan reviews below to read what consumers have to say about the personal loan provider.
The Good
- Great for High-Interest Debt Consolidation
- Instant Decision Process
- Clear, Transparent Platform
- Overwhelmingly Positive Best Egg Reviews
- No Prepayment Fees or Penalties
- Due Date Changes for Eligible Borrowers
Great for High-Interest Debt Consolidation
Best Egg personal loans can be an excellent option for applicants looking to consolidate debt or pay off high-interest credit card debt, primarily due to its low APRs* (5.99 to 29.99 percent) and long max loan lengths (three or five years). Best Egg also gives its borrowers the opportunity to pay off their loan faster than is scheduled without being charged any prepayment penalties. These loan terms provide a manageable payback process that is typically much more effective than other credit alternatives.
Instant Decision Process
After the application process is complete, Best Egg provides an instant decision (approved or declined) to the borrower. Because Best Egg is an online lender, the loan application process is quick and easy, making it simple for consumers to receive funds. After submitting any documents to get verified, customers could have their money in their bank or checking account in as little as one business day. Nearly all customers will be funded within three business days after final approval, depending on their banks’ policies.
Clear, Transparent Platform
Best Egg makes repaying loans a simple process. Customers can make loan payments by setting up an automatic electronic funds transfer, paying online, or sending a check through the mail. Payments sent in the mail should be given at least five to seven days to reach Best Egg. Borrowers enrolling in autopay for their monthly payments don’t have to worry about a payment processing fee. Customers can also set up monthly payments at a Western Union office. Keep in mind that there is a fee charged for each transfer.
Best Egg is transparent when it comes to sharing information with customers and provides clients with loan terms, including the fixed interest rates and monthly payment amounts, upfront. Best Egg also provides an easy-to-find, clear privacy policy on its website with information detailing how to limit the sharing of clients' personal information.
Best Egg's website is easy-to-use and transparent and has the majority of information you will need with answers to common questions you may have. Your personalized Best Egg login also has your account information listed, including account balance, payment due date & amount, late payment info, as well as your payoff amount. Having all of this readily available to you makes it simple to manage your personal loan and ensure you stay up-to-date with payments and important changes to your account.
Overwhelmingly Positive Best Egg Reviews
With personal loan companies especially, you want to ensure you go with a trustworthy company that has positive consumer reviews. In the thousands, the majority of Best Egg reviews left on BestCompany.com from real consumers are overwhelmingly positive, highlighting a quick and straight forward loan application and process, satisfactory rates, and excellent customer service.
No Prepayment Fees or Penalties
Best Egg does not charge any prepayment fees or penalties if you decide to make extra payments or repay the loan quicker than the due date requires. Prepaying on your loan will reduce the amount of interest you pay in the future, so this will only benefit you if you choose to do so.
Due Date Changes for Eligible Borrowers
Best Egg personal loan due dates are subject to change for eligible borrowers. This allows flexibility for consumers to change the due date if necessary.
The Bad
- Strict Approval Requirements
- Origination Fee
Strict Approval Requirements
Best Egg has strict approval requirements for its loan offer that can be difficult for subprime applicants to meet. In order to have the best chance of qualifying for Best Egg's lowest rate 5.99 percent APR, applicants should have at least a 700 credit score and an annual individual income of at least $100,000. However, any applicant with a credit score over 640 is eligible to qualify for a loan from Best Egg at a higher rate. It's important to note that many top personal loan companies have a similar credit score requirement.
Origination Fee
Best Egg charges an origination fee between 0.99 percent and 5.99 percent of the total loan amount. The company states that any five-year loan will have an origination fee of at least 4.99 percent. This fee is deducted from the loan when funds are deposited into your bank account, and is considered when calculating the annual interest rate.*
The Bottom Line
Best Egg is the consumer brand of Marlette Funding. It is a great loan service provider that offers borrowers personal loans for a variety of purposes, including consolidation loans, credit card refinancing, and home improvement. These are encompassed in a quick approval process and a transparent platform.
Best Egg is unlike other online lending platforms that have to wait for investors to fund your loan. The company has investors who are ready to say "yes," to qualified applicants, which allows Best Egg to transfer funds electronically to a bank account in as little as one business day.
Best Egg loans are unsecured loans with a fixed monthly payment for the life of the loan. The online loan application process takes a few minutes to complete. Customers don't have to worry about checking rates impacting their credit score. There is also no prepayment penalty fee. However, approval may be difficult for some individuals to receive if you have a credit score below 640. Best Egg is quite selective with whom it will approve and takes into consideration debt-to-income ratio, credit history, income, and more. However, this means if you qualify for a Best Egg loan, you will receive competitive rates. Read Best Egg personal loan reviews below to see what consumers are saying about the online lender.
*The Annual Percentage Rate (APR) is the cost of credit as a yearly rate and ranges from 5.99%-29.99%, which may include an origination fee from 0.99%–5.99% that is deducted from loan proceeds. Any origination fee on a loan term 5-years or longer will be at least 4.99%. The APR offered will depend on your credit score, income, debt payment obligations, loan amount, loan term, credit usage history and other factors, and therefore may be higher than our lowest advertised rate. Requests for the highest loan amount may result in an APR higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest rate.
Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Equal Housing Lender. "Best Egg" is a trademark of Marlette Funding LLC. All uses of "Best Egg" on this site mean and shall refer to "the Best Egg personal loan" and/or "Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan," as applicable. Loan amounts generally range from $2,000-$35,000. Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail. The minimum individual annual income needed to qualify for a loan of $50,000 is $130,000. Borrowers may hold no more than two open Best Egg loans at any given time. In order to be eligible for a second Best Egg loan, your existing Best Egg loan must have been open for at least six months. Total existing Best Egg loan balances must not exceed $50,000. All loans in MA must exceed $6,000; in NM, OH must exceed $5,000; in GA must exceed $3,000. Borrowers should refer to their loan agreement for specific terms and conditions. Your verifiable income must support your ability to repay your loan. Upon loan funding, the timing of available funds may vary depending upon your bank's policies.
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
Disclaimer
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User Reviews
The process was simple and fast. The agent helping me was knowledgeable and friendly.
Had a great experience. I would recommend them to anyone.
The application and approval process was simple, quick, and efficient.
This is a fantastic service.. the website is clean and easy to maneuver, the process is quick and easy. The customer service personnel or at least the person I spoke to was friendly and helpful. I would absolutely recommend them to anyone I know needing assistance/loans.
easy very very very easy...good rate and just what i needed
I was very satisfied with the entire process. The rate was as advertised and the process simple. I ran into one problem and talked to customer service rep that helped me through the process . Funds were deposited in my bank the next day.
The overall experience is so easy . I would recommend Best Egg to anyone looking for a loan quick !
Very pleased, process was very simple and fast. I did the whole process on my phone in about 5 minutes.
Heard the ad on radio and gave it a shot, as advertised the process was quick and easy. had a response in a few minutes and once I completed the final process online the money was in my account the next day.
My experience with Best Egg was to say the least extremely comfortable. The representative was knowledgeable and well informed and answered all of my questions without hesitation concerning my loan application. They explained how the loan repayment of options were my choice and when I could expect the funds to be deposited. Overall my experience was great!
I found the application process so easy. All the terms were clearly stated up front. I received funds in 2 days!
If Best Egg sends you a letter to offer you a loan, don’t throw it away. They mean what they say. The process is very easy. The funding is you bank within a couple days. Terms are great.
It was easy and fast to apply. The funds arrived within a couple days. I just wish that I was able to choose my own payment date.
Reply from Best Egg
Feb 19, 2019
Hi Toni, in many cases, you may be able to change your due date. Give us a call at 855-282-6353 and we may be able to help you out!
Process was fast and easy, and they put the funds right in your account, and have a liberal amount you can borrow. I consolidated all of my bills together and have one payment for the month, which was easier than keeping up with 6 accounts every month.
So far, very easy! An answer I was looking for!
I first thought this was going to be a scam, but I was delighted with how easy it was to apply and how fast the Loan was deposited to my bank account. I would recommend Best Egg for anybody who needs to consolidate their bills to have only one payment each month. It will save me a lot of interest.
I just think there could have been a little more communiction such as confirming that my personal documents were received safely and securely and an explanation of teh deduction out of the loan amount, I think it is probably processing fees? Buyt 300 seems a bit high?
This is the best place to go for a personal loan. Web site is easy to navigate (A+). It’s all quick and easy. Great Service. Recommended.
Easy application process, understandable docs, fast approval!
An Excellent and Honest Company to borrow from for your needs. I recommend anyone to use Best Egg!!
Great service across the board. Seamless pre-qual and verification process and speed arrival of funds. 5 Stars!!!
The loan process was surprisingly fast and simple
I was at the point where I was in total despair about my credit card debt. The minimum payments were high and i was making no progress paying them off. I applied for a loan through Best Egg and was very pleasantly surprised at how easy it was and that the interest rate and loan payment were quite a bit lower than what I was dealing with making my minimum payments. It look me 15 minutes to apply and less than 5 days to receive my funds. I had all of my credit card debt paid off immediately after. I have 1 reasonable monthly payment to make and feel so much better.
I needed a quick loan for home repairs the Best Egg fully automated process was quick and easy. And receiving text messages on the process was an added bonus.
Problem free loan application, and was provided excellent customer service!
Reply from Best Egg
Feb 15, 2019
We're thrilled to hear that, Deb!
Not a first time customer - you guys are great. Thanks for making it simple, easy, and friendly.
Reply from Best Egg
Feb 15, 2019
The pleasure is all ours! Thanks so much for sharing and thanks for being a loyal Best Egg customer!
Best Egg is great value for your money. Response is very quick and the quality of the service is outstanding. This will be my second time to use Best Egg and I trust the company totally.
Reply from Best Egg
Feb 15, 2019
We're so pleased to hear we've earned your loyalty! Thanks so much for sharing!
I admit, I did get a bit apprehensive entering secure info on a website— however, I pushed my TRUST button & the process was extremely smooth. Considering I’m exchanging high interest rates for a more palpable rate of 5.9% , I believe I’m going to be one of BestEggs biggest fans!
Reply from Best Egg
Feb 15, 2019
We’re thrilled to hear that you're a happy camper! Thanks for sharing!
The process was very simple and easy to understand.
Reply from Best Egg
Feb 15, 2019
We're thrilled to hear that, Clifford!
Easy to borrow money! Would've preferred a better rate.
Reply from Best Egg
Feb 15, 2019
Thanks for sharing your feedback with us, Meg.
Very easy to do the application process ! Thank you for making a lot of my stress go away.
Reply from Best Egg
Feb 15, 2019
The pleasure is all ours, Lori :)
I think Best Egg is very helpful and very easy, I will recommend it to anyone I know who needs a loan.
Reply from Best Egg
Feb 15, 2019
Thanks for sharing and spreading the word about Best Egg!
WOW . Best service .. Less then 2 days I had my loan in my checking account ..Was so simple .. Very satisfied .. Thanks again ..
Reply from Best Egg
Feb 15, 2019
We're pleased to hear that you're pleased, Brian!
SIMPLE PROCESS AND VERY FAST,HIGHLY RECOMMENDED
Reply from Best Egg
Feb 15, 2019
Thank you for your glowing recommendation!
THIS WAS AN EXTREMELY EASY PROCESS!! NEEDED TO SEND A VOIDED CHECK IN AND RACHEL WAS SOOOO EASY TO WORK WITH. WHAT A PLEASANT PERSON!!! WE ARE VERY IMPRESSED WITH THE SPEED WITH WHICH ALL THE INFORMATION GOT BACK TO US. THANK YOU!!
Reply from Best Egg
Feb 15, 2019
We’re so pleased to hear you had such a great experience with our agents! We have shared your feedback with our agent and management. Thank you for sharing, Gary.
Very easy to application, very fast confirmations and fast fund transfer!!!
Reply from Best Egg
Feb 15, 2019
Thanks for sharing your feedback with us, Jose!
Best Egg’s application process is completed entirely online. To begin the process, you’ll have to enter basic information about yourself and your finances. Best Egg will use this information to determine the rates and fees you may be eligible for and then present those offers to you. During this stage, Best Egg does not check on your credit, so your credit score will not be affected. If you are comparing quotes from Best Egg to quotes from other lenders, you can do so without any penalties. If you’d like to continue the process, you will have to choose the offer that best fits your needs and provide documentation to verify all your information. Additionally, Best Egg will run a hard check on your credit, which will affect your score. Assuming everything checks out, Best Egg will send your loan (minus the origination fee) to your bank account. The time from application to funding normally takes between one and three days.
Reply from Best Egg
Feb 15, 2019
Thanks for taking the time to share your experience with us, Tadeusz!
Just need to let consumers control there due payment date, to avoid late fees, that would be a great help
Reply from Best Egg
Feb 15, 2019
Hi Calse, in many cases, you may be able to change your due date. Give us a call at 855-282-6353 and we may be able to help you out!
I applied for a loan. Was quoted a rate, payment and fees upfront. This was the best rate and fees I found. Excellent service and they do as they say. I would use them again.
Reply from Best Egg
Feb 15, 2019
That's great to hear! We hope to work with you again!
Easy quick process and money received faster than any other time that I have borrowed money.
Reply from Best Egg
Feb 15, 2019
This is fantastic to hear!
This was fast and painless. I couldn't sleep at night trying to figure out how to pay my debt. Turned down by other lender. Now I see a light at the end of a tunnel. My goal is to pay back before 5 years! Thank you so much!
Reply from Best Egg
Feb 13, 2019
We're glad to be able to help in your time of need! ❤️ Thanks for sharing, Anne.
Simplistic paper work and I received of the loan in a couple of days.
Reply from Best Egg
Feb 13, 2019
This is fantastic to hear!
My experience with Best Egg was absolutely phenomenal. My experience was so great that I will never obtain a personal loan from anywhere else. From the pre-approval process to the time my loan funded, it took 48 hours. The loan process with Best Egg was quick, easy and very efficient.
Reply from Best Egg
Feb 13, 2019
We're so pleased to hear we've earned your loyalty! Thanks so much for sharing!
This is my second loan. Quick and smooth process. No surprises. Given my current debt consolidation load, the rates are still very competitive (and decent for me). The money was in my bank account the following day. I was impressed and remain grateful for their services.
Reply from Best Egg
Feb 13, 2019
We're thrilled to hear that we impressed you, Diego!
So simple! Thank you for making this process so smooth.
Reply from Best Egg
Feb 13, 2019
The pleasure is all ours, Melissa :)
I have borrowed from best egg before. I stay with them because they are easy to work with, they were quickly on your loan, and deposit the funds you need quickly. they have help me consolidate debt that needed to be consolidated oh, and get money for projects.
Reply from Best Egg
Feb 13, 2019
That's awesome! Thanks so much for sharing and thanks for being a loyal Best Egg customer!
Very polite and prompt service from representatives. The loan process was very easy; was notified within minutes of approval. Release of funds received within 2 days.
Reply from Best Egg
Feb 13, 2019
That's awesome! Thanks for sharing, Carri!
Fast and easy loan process allowed me to pay off my credit card debt. I was a little unsure of the process at first (I.e. logging into my bank account from best egg), but the loan worked out and I am satisfied. A little higher interest rate than I would have liked but I have far from perfect credit, so I can’t complain.
Reply from Best Egg
Feb 13, 2019
We're pleased to hear that you're pleased, Colt!
I was extremely satisfied with the entire process, which took only a few hours from start until the funds were in my account. I highly recommend Best Egg to anyone desiring a personal or debt consolidation loan. Wonderful people to deal with.
Reply from Best Egg
Feb 12, 2019
Thank you for your glowing recommendation, James!
The experience was phenominal. very user friendly and quick. would definitely recommend
Reply from Best Egg
Feb 12, 2019
Thanks for your recommendation, Marvo!