Best is an online lending platform focused on personal loans. It has been in operation since 2014. The company has helped fund over $7 billion in personal loans since its founding. Most Best personal loans are used as loans to pay off high-interest debt, like cards, but you can use them for a variety of unexpected expenses.
With an exceptional consumer star-rating on BestCompany.com, Best reviews indicate a quality company with exceptional service. At the bottom of the page you'll find Best reviews from real customers. The reviews offer a comprehensive look at the pros and cons of borrowing money through this service through the lens of people like you - click here to go straight to Best reviews.
Are you looking to consolidate your debt with a ?
Best personal loans can be an excellent option for applicants looking to consolidate debt or pay off high-interest , primarily due to its low annual percentage rates ( APRs*), 5.99% to 29.99%, and long max lengths, three or five years.
Best also gives borrowers the opportunity to pay off their faster than is scheduled, without being charged any prepayment penalties. These terms provide a manageable payback process that is typically much more effective than many other debt relief or consolidation companies.
Best gives this example of how a can help with :
If you have two first has a 14% APR and the second has an 18 percent APR. cards both with a $10,000 balance and a 28-year minimum payment duration, you will pay $25,589 in interest if the
In comparison, if you have a Best of $20,000 with a 5.99% APR and a three-year minimum payment duration, you will only pay $1,901 in interest.
With the same balance and a better APR, Best 's consolidation loans could save you $23,688.
After the is complete, Best provides an instant decision (approved or declined) to the . Because Best is an online lending platform, the is quick and easy, making it simple for consumers to apply and receive funds.
Many lenders have a longer . Some even require speaking to customers over the phone.
After submitting any documents for verification, 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.
Best makes repaying loans simple, with several options to make payments:
Borrowers 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 '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 login also has your account information listed, including account balance, payment due date and amount, late payment info, as well as your payoff amount. Having all of this readily available to you makes it simple to manage your and ensure you stay up-to-date with payments and important changes to your account.
With companies, you want to ensure that you borrow from a trustworthy company that has positive consumer reviews. In the thousands, the majority of Best reviews left on BestCompany.com from real consumers are overwhelmingly positive, highlighting a quick and straightforward application and process, satisfactory rates, and excellent customer service. Best complaints are limited.
Here is a recent Best review from a real customer:
"The is the easiest in the industry plus they don't charge unreasonable interest rates! I would highly recommend using Best ."
If you are interested in reading all current , click here.
Best does not charge any prepayment fees or penalties if you decide to make extra payments or repay the quicker than the due date requires. Prepaying on your will reduce the amount of interest you pay, so this will only benefit you if you choose to do so. Be sure to regularly communicate with Best once you have your , so you always know what your payoff amount is.
You can also see your payoff amount at any time through the Best account portal. This will also show you how much you could save in interest fees if you pay off your early. Penalty-free prepayment is always preferable, especially if you are looking for a consolidation with the goal of eliminating needless interest and fees on your other accounts.
Best payment due dates are subject to change for eligible borrowers. This allows flexibility for consumers to change the due date if necessary. For example, if you prefer to pay your bills at the end of the month versus the beginning of the month, Best , when possible, will work with you to decide on a due date that works best for your budget and financial situation.
Best offers its lending services to 47 states. Having nearly nationwide service creates more opportunities for consumers to work with Best . Many companies have a much smaller coverage area, making it difficult for borrowers residing in non-covered states.
Best offers personal loans with fixed-term plans.
This means your repayment terms will never change and if you have a fixed-rate , your payments are not subject to change. The amount you pay each month will not fluctuate, and your rates will stay the same throughout the lifespan of your Best .
This provides peace of mind and stability to borrowers and makes it easier for them to stay on top of payments throughout the , as there will be no surprises or unsuspected changes that come with a variable rate . terms are flexible and can range from three to five years.
Best loans typically range from a minimum of $2,000 up to $35,000. However, for eligible customers, Best offers loans up to $50,000 through a pre-approval letter in the mail.
On its website, Best states: "Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail. The minimum individual needed to qualify for a of $50,000 is $130,000."
Best loans offer simple interest loans rather than compound interest loans. Explained on Best 's site, "Simple interest is calculated on the outstanding principal balance only. This means you aren't paying interest on top of your interest like cards." Compound interest loans charge interest on the principal as well as on accumulated interest from past non-payments.
When you check your rate and potential to qualify through the Best lending platform, your will not be impacted.
Like many online lenders, Best uses a soft inquiry to see if you are eligible and to determine what your rates would be. This requires entering personal details including your name, address, social security number, annual salary, whether you have recently used your for a cash advance, etc. The opportunity to pre-qualify makes it easy for potential borrowers to make smarter financial decisions. They can compare rates and decide if Best is right for them, without negatively impacting their in the process.
The soft inquiry will only become a hard check if you choose to accept Best 's . This will then, as with any other (besides payday loans), be reported to the major bureaus, and can impact your .
Best has strict approval and requirements that can be difficult for subprime applicants to meet.
In order to have the best chance of qualifying for Best 's lowest rate, 5.99% APR, applicants should have at least a 700 and an annual individual income of at least $100,000.
However, even without , any applicant with a FICO score over 640 is eligible to qualify for a from Best . They just won't get the minimum rate.
It's important to note that many top companies have similar customer requirements, typically excluding some customers with fair and all with truly bad .
Best personal loans require an between 0.99% and 5.99% of the total amount. The is the one-time cost for Best processing the .
Unlike the , the APR includes both the and all fees, including the .
Best states that any with a five-year repayment period will have a of at least 4.99 percent. This fee is deducted from the when funds are deposited into your bank account and is considered when calculating the annual .*
Best gives this example on its website: "If you select a for $10,000, with an of 4.99%, your is $499 and will be deducted from the full amount. The amount deposited in your bank account will be $9,501."
Best does not currently offer joint loans. Only individual loans are available. However, this is common within the industry, as most personal loans are needed on an individual basis.
Also, when you apply for a Best , you have the choice to include your household income rather than just your individual income. Your household income includes your individual income as well as any other earnings within your household.
If you are looking for a , but want to apply with a cosigner, consider lending sites like FreedomPlus and Upgrade, or peer-to-peer lending platform, LendingClub.
Best has only been in business since 2013. Although that isn't as long as some other lending companies, Best has proven through consumer reviews and customer satisfaction that it is a top-notch quality service provider. Time in business may not prove to be a problem with customers because of this.
Best Company guarantees your satisfaction if you choose a company that has earned this distinction. If you're not satisfied after 30 days, simply let us know and we'll give you $100. Yes, it’s really that simple.Learn More
The service Best Egg offers is timely, quick and very easy.
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Easy application and straight forward amounts and rates- no guessing
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the process was easy and delivery was fast. I am well pleased. I have two best egg accounts and would like to combine them if I could.
I responded to a preapproved offer I received in the mail. I applied online for the amount I needed for my home improvement projects. I telephoned customer service twice to ask questions about the loan process, interest rates for me, and loan amount comparisons. My loan was approved and I was sent an email to confirm the approval. Customer service was great. People were knowledgeable, patient, and easy to understand. They were not pushy and sound as if they enjoy their job. I did not have to upload a lot of documentation and my loan amount was deposited in my account in a couple of days! How cool is that?
Super easy and very quick process to get approved!
I was skeptical at first but they really made it so easy and fast. I was beyond happy to find I was approved just after less than 24hrs. And my money was in my account in less than 2 days after that. I am very happy with best egg.
Wonderful company to work with. Thankful to be able to pay off high interest cards with my low rate loan.
Wow I cant believe how easy it was and also fast. I got an invitation in the mail, logged on to check my rate, and i accepted the term i wanted and I was approved for $10,000 within a few minutes. Thank you best egg.
Best egg. How awesome is it when you work your butt off and a company sees value in that and actually helps you with good terms and live customer service. Good job Best egg
Best eggs help me so much with pool deck remodeling, and with credit cards consolidation, thank you so much!
The speed that my application was processed was a big surprise. The application was very simple and customer service was very professional in advising me of the documentation I needed to provide.
The process was very easy and fast. I had the loan funded within a few days and everything was done online. They were great to work with!
I had an extremely positive experience with Best Egg. It was quick and easy and I was able to pay off all of my credit cards, save on interest and take a vacation!
Excellent customer service! The process was quick and easy. Thank you.
Was skeptical when I received an advertisement in the mail about Bestegg as well as being able to receive a loan quickly. However, after filing out the application and having been approved I called and spoke with a customer service representative who reassured me that all was legitimate.
The process was simple fast and convenient. I am very happy to be able to pay my high interest credit card debt with this easy to pay loan
Fast, convenient and simple. Nice in a complicated world.
No hassle. No long documentation. Quick Process. Extremely good experience. Love Forever...
The application process is very fast and the terms of the loan are fair
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My experience with Best Egg was the best. Quick, easy and professional. My funds will be available in 1-3 business days.
Awesome service in getting my loan approved!
Very good customer service and smooth process
Tiesha M Paylor
Quick & easy. excellent service . Customer service was awesome
I just wanted to take this time to say thank you to all the great representatives who work at Best Egg who helped me through my loan process. I was so happy when I applied and was quickly approved for my loan. Every one was extremely helpful and to all involved I want to send you a heart felt thank you. It was a pleasure to be helped by all of you . Thanks again
My experience with Best Egg was very positive. The application process was simple; the approval process was quick; the funds were deposited in my account quickly. I would recommend this company to anyone in need of a loan.
Lynda D Young
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It was very quick & easy, I applied on a Wednesday & the money was in my account on Saturday
Easy to do. Responded quickly. Best offer I had after shopping around.
Friendly, fast, reliable. Great to receive offer by mail, researched on internet and definitely grateful I did.
Great customer service experience, easy process
Very fast and easy, I was pleasantly surprised.
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This was a fast and easy process, Thank you.
very professional all the way .patient and courteous and always there to help and assist thank you
You guys rock, thank you so much for such an easy process and transaction.
The loan process was incredibly easy and the rate offered really allowed us to get rid of higher credit card rates!
Amazingly fast approval! Hassle free service. I was able to upload the requested documents and literally received an approval within minutes! Awesome feeling!
Amazed how fast and easy to set up! I'm consolidating much higher rate credit cards into one payment I can pay off fast! I tried Lending Tree first and the interest rates were sky high. Very pleased with the whole process!
Fast and easy!! Great customer service and quicker than most calls to any card service