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
Always quick and easy to apply and get approved. I really appreciate the electronic process. Thanks!
Michael G. Boggess
everyone that i was in contact with was very professional and helpful
Very easy to get started the loan process was great Easy to work with.
Extremely fast and easy service. Personal was very helpful and polite.
So far, I am pleased. With the many options that Best Egg offers, I was able to find a debt consolidation for my high interest credit cards for about the monthly payment of one of the cards that I was able to pay off.
So fast and easy. Peace of mind was right around the corner.
Quick and easy. I started my loan process on Sunday and was approved on Tuesday. I would recommend this company to anybody. This will really help me pay off my high interest credit card debt that would of taken years to get paid off.
Very easy and reasonable with way less hassle than the bank. Higher percentage and origination is not inexpensive but compared to paying the CC every month- this is a way better solution.
Between our kid's weddings, college and just life we had accumulated too much debt. Best Egg consolidated it, lowered our monthly payment and interest rate and put us on a path to financial recovery. Absolute rock stars, they are the BEST! David Kling
Impressed with the simplicity of this loan,
Wow! Quick and Easy, no hassle; even my payments will easy -automatically taken out of my bank account.
Excellent process! Very smooth and hassle free.
My experience with Best Egg was surprisingly great. I thought the process was going to be long and complicated, but instead it was very easy and quick. Their website was easy to use and their loan application and terms were very clear. I got the funds in my account within 4 days. I am extremely happy with Best Egg! Would definitely recommend it to my friends and family.
With the exception of my application getting stuck in system everything was awesome
Customer service was quick, to the point and very curtious.
I was thoroughly impressed with the professionalism and level of knowledge during the loan review process, verification of financial institution information and the assurance I felt during this loan review and approval process. Bravo and Thank You
This has been super easy! Thank you so much!
Great company! Very easy and fast process!
Was just approved. After making 3 calls to customer service, all of our questions were answered quickly and to the utmost satisfaction! After receiving our funds, I will add further reviews. Thus far, excellent service.
Very easy application process. Fast approval. A total 10!
This was my 2nd loan from Best Egg. I didn't think it could be any easier than the first time but I think it was! I just don't know how they do it but I'm glad they do. They certainly have the loan application process down to a science. And their interest rates are better than even the best credit card rate I've ever had.
Wonderful and convenient! I was impressed with how quickly I received my loan. The people at Best Egg were extremely helpful. I would recommend Best Egg over and over again.
Wow this has to be the easy credit application. Took me less than five minutes and in two days the fund were in my account. Thank you.
I was impressed with the prequalified letter. Then getting more options for the loan after requesting a non score impacting amount. Very easy application and transfer of the needed funds
good overall - easy format - in between pending and approval may need to note updates
Just a really quick and straight forward process. this is the way things should work in today's world.
Exceptional service , answering questions, and providing factual information.
Mario Renteria Jr
Best egg , really gave me the best experience of any loan I have ever obtained. Very fast and efficient. I am now on my way out of credit card debt and saving a ton of money!! Thank you Best Egg you are life changing!!!!
Awesome experience - I was considering consolidating debt into 1 payment with a fixed term and payment amount. The message on the envelope was clear this could possibly be a solution for me. I logged in and reviewed the offer, after looking everything over I decided this was in fact the solution for me. The process was easy, the next morning I had my approval email. I'm looking forward to having more money to save each pay to work toward a future goal of mine!
Quick and easy process. They give a person the opportunity to improve their financial situation and improve their credit.
I had a great experience using Best Egg and I will definitely recommend them highly. It's so easy and they help you right through all the steps. Poof there's your loan, deposited straight to your checking account
Without a doubt the easiest loan ever applied for. Money is funded within days of approval. Would recommend to anyone!
Very easy and fast loan process and reasonable rates
The whole process was straight forward with no surprises and super easy online.
I couldn't believe how easy it was for me to obtain my loan. I had a customer service representative walk me through the entire process on line. The representative was professional and courteous. I couldn't believe how quickly the load was processed and funds available in my account. Thank you Best Egg!
The process with best egg was easy and fast. The fee was reasoable unlike lending tree and the loan options were great.
Rodolfo B. Alcantara
Best Egg is one of the best Loan Company, once you filled up your application you will be amaze how quickly you will get the approval and your money will be send to your bank in no time. I will definitely recommend your company to all my relatives and friends. Job Well Done.
So fast, options are excellent. Lets you pick the amount best suited for your needs
It was very easy to apply and the CS rep was very helpful
faster than I thought, no hassle,LIKE IT.
Excellent and easy application process, quick approval and proceeds deposited in our checking account within 2 days of applying
The personal loan process was straightforward and easy to understand. The amount of time from application to approval took about 5 minutes! I am expected to have the funds available within 1-3 business days. I highly recommend this service!
Easy process. Low interest. Great terms.
Great customer service. Staff were easy to reach by phone and very professional!
The process to getting the loan was so smooth and easy and the service Reps were awesome.
This company is very quick and efficient. I had a light problem with the website. They called me on the phone to see if they could help. Loan was approved very quickly.
Shelia T Rogers
Best Egg delivered on their promise. The loan process was simple and fast. The customer service was fantastic.
This loan was simple and fast. I would recommend their service.
Friendly and courteous staff. Timely service.
Very easy to do and very courteous people to work with and a great interest rate!