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
One of the easiest loan applications I have ever done. Approved about an hour after submitting application. Can't ask for more! Thanks Best Egg
Great experience, very easy application and verification process. The entire process was completed on just a few days. Highly recommend !
The process is easy. They had the best rate compared to all the others I researched. Thank you.
Easy application fast approval. Good customer service. Highly recommend. I'll be debt free in 36 months thanks to Best Egg.
It's so easy to apply. The best company ever. I've been applying for a loan but got denied all the time. Best Egg helped me financially. I will surely recommend this to my friends and relative. I love you Best Egg!
Jean s. Jean
these people are life saver, they worked fast to get you the money you needed.
The loan was fast and easy and I had the money within 48 Hours.
Very nice loan procedure, simple and quick
I am astounded with the ease of this transaction. It has definitely been a great experience.
The process was quick and stress free. You people are wonderful
Mark J Affronti
I called initially with a lot of questions. The lady I spoke with was extremely patient and knowledgeable. She stayed on the phone while I fumbled around on the website was she answered every question I had. The second time I called, the gentleman I spoke with was also the same way. Great focus on 100% customer service.
Best Egg provided great customer service, and quick processing.
I have been a prosper member for 2 plus years and never missed a payment. my original loan was for 13% interest now they want 33% I will never do business with them again
Very pleased with the way they work, simple, easy and fast it only took a couple of days for my application to be approved, thank you Best egg
I received application in the mail. It was a Fast Easy process
I received a pre-qualification in the mail and decided to persue the offer. I don't like the idea of automatic payments and I am hoping I am able to adjust that moving forward. but the application process was very easy. I will be able to give a better review once I start dealing with the company and making payments. Hopefully this will be a good relationship
Ruth Ann Crews
Easy and fast to get a loan. People are nice and answer every question I ask. Will tell everyone I know about my service with bestegg.
Nice and easy to apply for the loan over The phone. Very helpful in getting me a Loan that works for me. If you need a Loan Just call best egg*****
Completely easy!!! 110% as advertised! I would use again in a heartbeat.
Douglas M Schultz
Fast and easy! Process was simple on my mobile phone!
The loan I took out will help me pay off the old credit cards and it will help me with my credit score and again I like to thank you
the easiest loan i ever applied for and was approved so quickly!!!
I would highly recommend Best Egg to everyone looking for a personal loan. The process was fast and convenient. I spoke with a customer service agent who was extremely helpful.
Great Service, Quick response! Easy processing!
We priced several companies for a debt consolidation loan, and Best Egg had by far the lowest fees and interest rate! We had the money within 48 hours, it was quick and easy
Great service - very easy process! Rare that the process is as advertised. Thank you!
Best Egg was easy to apply for a loan and getting approved. The money was also placed directly in my account.
Customer service is very knowledgeable and willing to help where needed. The loan amount was in my account when I was told it would be. I have never worked with anyone for a personal loan that was as helpful.
Everything fast and clear. When I had a question expertly answered. Process quick.
Best Egg was very quick on their decision and gave me a personal loan to consolidate higher interest bills. I was very please with their service. I would highly recommend Best Egg to anyone who needs a personal loan.
Very smooth transaction, was approved same day for amount requested, will def do business again
It was easy to contact customer service and the representative was helpful.
Thank you all for fast service keep it up best egg will tell friends about best egg thank you Best egg James bernstine
Great Experience with Best Egg!! Very knowledgeable and friendly Customer Service
Very easy to apply. No hidden fees or fine print. Fast funding.
the people that helped me get through the loan process were polite and helped answer all my questions about my loan very satisfied with the process
Easy application. Quick response. Simple verification and quick funds delivery. 3 days!
Best Egg provides smooth comfortable credit service online - with very fair interest rates. This is a great company to do credit business with, impressive - and Thanks !!
Reputable lending company and very easy to get approved. I had no problems or issues. I had a little trouble sending in the documents requested by uploading but I emailed it in and that was no problem.
I checked many sites for a personal loan and nobody was as great in their offer than BestEgg.com. I recommend this place for a personal loan, don't even look anywhere else!
Best Egg's claim to being low interest is true. I checked several financial institutions and Best Egg had the best offer.
No hassle and less paperwork. Great experience
Fast and easy process, very organized. Excellent customer service
Jason M Sterner
Best Egg is one of the best loan experiences I have ever had. Quick, easy loan process and very fast. Had my funds in three days. Non-Invasive, willing to help and on my terms. Very good system to walk you through the process at your pace to meet your specific need.
Easy application process and quick decision/approval.
It was easy, fast. Has given me a chance to be debt free. Thank you
Very fast. Very easy. Very friendly. Fair.
The loan process was easy to apply for and the processing time was much faster than I has imagined.
Their service is quick and easy. I was approved and had money in my bank sooner than I would've ever expected. This is a company that WILL get something done WHEN they say they're going to do it. Money isn't something you want to wait around for and I definitely didn't have to wait.
This has been a great experience. It was a fast and pleasant process for the need that I had. The representatives involved were very friendly and knowledgeable of the product. I would recommend this company to friends and family if needed.