Best Egg has been offering personal loans since 2014. Since then, it has funded over $5 billion in loans. Most Best Egg personal loans are used to consolidate high-interest 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. 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 300,000 customers.
Best Egg personal loans can be a great option for applicants looking to consolidate debt or pay off high-interest credit cards, primarily due to its low APRs* (which range from 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 additional fees. These terms provide a manageable payback process that is typically much more effective than other credit alternatives.
With Best Egg's application process, loans can be approved on the same day the application was completed. In fact, the pre-approval process usually only takes a few minutes. Once the potential customer has submitted all of the required verifications, the loan will be approved within 24 hours. Funds are typically dispersed into the borrower's bank account the business day after they have been approved. However, this can vary slightly depending on which financial institution the borrower uses and any rules or stipulations it has for transferring money.
Best Egg has strict approval requirements that can be difficult for subprime applicants to meet. In order to have the best chance of qualifying for Best Egg's lowest 5.99 percent APR, applicants should have at least a 700 credit score and an annual individual income of at least $100,000; however, it should be noted that any applicant with a credit score over 640 is eligible to qualify for a loan from Best Egg, but at a higher rate.
Best Egg charges an origination fee between 0.99 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.**
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Very Easy to deal with, loan took no time
This was a very easy experience. your professional sales person answered all question that I could think of asking at the time and Best Egg make this loan easy and quick. thank you very much and looking forward to doing business with your company.
Very simple to get the loan! I hope the service is just as great!
Professional accurate and excellent customer service one of the best I’ve ever experienced
My experience with Best Egg was the best decision I have made. Very easy to get a response and approval. Looking forward to being stress free after all. Great experience.
Excellent experience! Swift and speedy. This is the second loan I’ve taken with this company and I would recommend. The process was amazingly fast and best of it all, I compared the rates and found the best rate from Best Egg. They called to follow up with me and I asked questions and got great service was pleased that there’s no prepayment penalty. I’ve already completed the application and expecting the funds to process within next 1-3 days. That’s fast!
Was skeptical at first but l applied to the letter and went thru with the initial paperwork. Everything went very smoothly , I received phone calls from your company to guide me thru t by e process. I am so pleased and happy how things went and the help l got from your personnel. Thank You again, l definitely will recommend Best Egg to all my family and friends. Joseph Tufano
Ver fast at service to customers. This is my second time applying for a lone and am very satisfied.
fast and easy with absolutely no hassles or hidden costs.
Representative very helpful. Process was smooth and easy. No recommendations for improvements.
fast and informative and the person helping me took the time for me to understand
Wow! Great rate with a super simple process. I am on my way to being debt free in 3 years! Thanks, Best Egg.
Expedient processing, no unnecessary redtape
Ease of application and clear explanation
I do not recommend best day! The interest rates on them are not very good because they are so high!
Very quick,professional and easy to complete.
Fantastic deals on random products that are generally high quality items. The only challenge is the good deals go fast so you have to be quick! Totally reputable.
Awesome! This was so fast and simple, thank you for all your help!
I have used Best Egg before and it is easy simple and
This is my second loan with Best Egg. They make it so easy! I truly appreciate it.
Reply from Best Egg
Best EggJan 04, 2018
We appreciate you, Barbara! Thank you for sharing your feedback with us!
Friendly, empathetic, patient! Great customer service!
The process was easy. Both employees I dealt with were professional, but also personable. So far, I feel very good working with Best Egg
Was surprised at the ease the loan was made available. Everything was disclosed upfront with no hidden fees or charges added later. I would recommend Best Egg to all who are looking for a fast, and convenient loan for their debts.
It was very efficient n fast I can recommend it
Made it so easy to get a loan to consolidate debt
Excellent Smooth Application Proscess Thanks
Thank you Best Egg for providing me the funds I needed to consolidate my debt into one small monthly payment. It was a very fast and easy process to get the funds I needed. Best Egg showed me the terms of my loan upfront with no hidden fees or small print. Thank you Best Egg.
I called and asked multiple questions I needed and got them answered quick and very courteous. Out of 3 lending companies. Best egg had best rate and customer service
The whole process was very professional.
Fast and easy! Have financial control and much relief!
Clear about business partner expectations.
The loan application process was so fast & I would recommend Best Egg to anyone who needs a loan . The customer service is great as well.
It was so easy as 123 and very helpful .
The process was simple and the interest rate is much lower than my credit cards which should save me quite a bit of money over the course of the loan.
User friendly. Simple steps. Very clear with details. Very satisfied. Will due business in the future as well. Orientation fee is same percentage as credit cards. APR depends on your credit and length of loan. Will not be disappointed.....
The overall process was quick I did have an issue with the current bank that I have because my bank was not listed as one of the choices so I had to do a little bit extra verification but overall on satisfied
Proficient . Sometimes the website doesn’t allow me to sign off after reviewing account information. That’s my biggest issue.
Love the ease of applying and no early pre- pay penalties makes me comfortable using this service
I was apprehensive at first but the process was as easy as can be. This is my second experience with Best Egg and they have been great.
BEST EXPERIENCE I EVER HAD IN OBTAINING A LOAN.