Best Egg 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 Egg personal loans are used as debt consolidation loans to pay off high-interest debt, like credit cards, but you can use them for a variety of unexpected expenses. 

Best Egg loans are unsecured personal loans made by its lending partner: Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC.

  • Loan amounts: $2,000-$35,000 (Offers up to $50,000 may be available for qualified customers who receive offer codes in the mail)
  • Time to funding: As quick as 1 business day after approval and verification
  • Origination: 0.99-5.99%
  • Average individual income: $87,000
  • Minimum credit qualification: 640
  • Loan repayment term: 36–60 months

With an exceptional consumer star-rating on BestCompany.com, Best Egg reviews indicate a quality company with exceptional service.

Keep reading our Best Egg personal loans review for pros and cons of borrowing money through this service — or click here to go straight to Best Egg reviews

The Good

  • Great for High-Interest Debt Consolidation
  • Instant Decision Process
  • Clear, Transparent Platform
  • Positive Best Egg Reviews
  • No Prepayment Fees or Penalties
  • Due Date Changes for Eligible Borrowers
  • Nearly Nationwide Coverage
  • Fixed-Term Plans 
  • $50,000 Loans for Qualified Customers
  • Simple Interest Loans
  • No Credit Impact for Loan Pre-Qualification

Great for High-Interest Debt Consolidation

Are you looking to consolidate your debt with a personal loan?

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 annual percentage rates ( APRs*), 5.99 to 29.99 percent, and long max loan lengths, three or five years

Best Egg also gives 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 many other debt relief or consolidation companies. 

Best Egg gives this example of how a debt consolidation loan can help with credit card debt: 

If you have two credit cards both with a $10,000 balance and a 28-year minimum payment duration, you will pay $25,589 in interest if credit card one has a 14 percent APR and credit card two has an 18 percent APR. 

In comparison, if you have a Best Egg loan of $20,000 with a 5.99 percent 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 Egg's consolidation loans could save you $23,688. 

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 lending platform, the loan application process is quick and easy, making it simple for consumers to fill-out and receive funds. 

Many personal loan lenders have a longer application process. Some even require speaking to customers over the phone. 

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 simple, with several options to make loan payments: 

  • setting up an automatic electronic funds transfer
  • paying online
  • 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 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. 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.

Positive Best Egg Reviews

With personal loan companies especially, you want to ensure that you borrow from a trustworthy company that has positive consumer reviews. In the thousands, the majority of Best Egg customer reviews left on BestCompany.com from real consumers are overwhelmingly positive, highlighting a quick and straightforward loan application and process, satisfactory rates, and excellent customer service. Best Egg complaints are limited. You can read all current Best Egg reviews below. 

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, so this will only benefit you if you choose to do so. Be sure to regularly communicate with Best Egg once you have your loan, so you always know what your payoff amount is. 

You can also see your payoff amount at any time through the Best Egg account portal. This will also show you how much you could save in interest fees if you pay off your loan early.   Penalty-fee prepayment is always preferable, especially if you are looking for a consolidation loan with the goal of eliminating needless interest and fees on your other accounts. 

Due Date Changes for Eligible Borrowers

Best Egg personal loan 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 Egg, when possible, will work with you to decide on a due date that works best for your budget and financial situation. 

Nearly Nationwide Coverage

Best Egg offers its lending services to 47 states. Having nearly nationwide service creates more opportunities for consumers to work with Best Egg. Many personal loan companies have a much smaller coverage area, making it difficult for borrowers residing in non-covered states. 

Fixed-Term Plans

Best Egg offers personal loans with fixed-term plans.

This means your personal loan repayment terms will never change and if you have a fixed-rate loan, 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 Egg loan. 

This provides peace of mind and stability to borrowers and makes it easier for them to stay on top of payments, as there will be no surprises or unsuspected changes that come with a variable rate personal loan. Loan terms are also flexible and can range from three to five years. 

$50,000 Loans for Qualified Customers

Best Egg loans typically range from a minimum loan of $2,000 up to $35,000. However, for eligible customers, Best Egg offers loans up to $50,000 through a pre-approval letter in the mail. 

On its website, Best Egg states: "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."

Simple Interest Loans

Best Egg offers simple interest loans rather than compound interest loans. Explained on Best Egg'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 credit cards." Compound interest loans charge interest on the principal as well as on accumulated interest from past non-payments.

No Credit Impact for Loan Pre-Qualification

When you check your rate and potential to qualify through the Best Egg lending platform, your credit score will not be impacted. 

Like many online lenders, Best Egg uses a soft credit 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 credit card for a cash advance, etc. The opportunity to pre-qualify makes it easy for potential borrowers to make smarter financial decisions. They can compare lender rates and decide if Best Egg is right for them, without negatively impacting their credit in the process. 

The soft credit inquiry will only become a hard credit check if you choose to accept Best Egg's loan offer. This will then, as with any other loan (besides payday loans), be reported to the major credit bureaus,  and can impact your credit score. 

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The Bad

  • Strict Approval Requirements
  • Loan Origination Fees
  • No Joint Loans Available
  • Time in Business

Strict Approval Requirements

Best Egg has strict loan approval and credit requirements 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 minimum credit score and an annual individual income of at least $100,000

However, even without excellent credit, any applicant with a FICO score over 640 is eligible to qualify for a loan from Best Egg. They just won’t get the minimum rate. 

It's important to note that many top personal loan companies have similar customer credit score requirements, typically excluding some customers with fair credit and all with truly bad credit. 

Loan Origination Fees

Best Egg personal loans require an origination fee between 0.99 percent and 5.99 percent of the total loan amount. The origination fee is the one-time cost for Best Egg processing the loan. 

Unlike the interest rate, the APR includes both the interest rate and all fees, including the origination fee.

Best Egg states that any loan with a five-year repayment period will have a loan 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.* 

Best Egg gives this example on its website: "If you select a loan for $10,000, with an Origination Fee of 4.99%, your Origination Fee is $499 and will be deducted from the full loan amount. The amount deposited in your bank account will be $9,501."

No Joint Loans Available

Best Egg does not currently offer joint loans. Only individual loans are available. However, this is common within the personal loan industry, as most personal loans are needed on an individual basis. 

Also, when you apply for a Best Egg loan, 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 personal loan, but want to apply with a cosigner, consider lending sites like FreedomPlus and Upgrade, or peer-to-peer lending platform LendingClub.

Time in Business

Best Egg has only been in business since 2013. Although that isn't as long as some other lending companies, Best Egg has proven itself 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. 

The Bottom Line

Best Egg is the consumer brand of Marlette Funding. As an indirect lender, it uses Cross River Bank as its loan provider. Best Egg’s platform offers personal loans to borrowers with good credit and excellent credit. These loans are used for a variety of purposes, including debt consolidation loans, credit card refinancing, and home improvement. These loans are encompassed in a quick approval process and a transparent platform.

Best Egg is unlike online peer-to-peer lending platforms that have to wait for investors to fund your loan. Its financial institution partner is ready to fund qualified applicants, which allows Best Egg to transfer funds electronically to a bank account in as little as one business day.

Best Egg offers 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 needn't worry about checking rates having an impact on their credit score or showing up on a credit report. There is also no prepayment penalty fee. 

However, approval isn’t guaranteed, especially 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, because of the stringent application guidelines, if you qualify for a Best Egg loan, competitive rates are available. 

Read Best Egg personal loan reviews below to see what consumers are saying about this online lending service. 

*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 4-years or longer will be at least 4.99%.  The loan term and the APR offered will depend on your credit score, income, debt payment obligations, loan amount, credit usage history and other factors. Additionally, the APR offered is impacted by your loan term and 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. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” 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. The term, amount and APR of any loan we offer to you will depend on your credit sc­ore, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000–$35,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%.  The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be 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 APR. 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.

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User Reviews

Star Rating

4.9
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7,422 Reviews

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Mike

June 8th, 2017 Woonsocket, RI

Unbelievablely fast. Was turned down by a few other lenders. Was given an APR similar to these lenders and was approved almost instantly.

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farah abedinpour

June 7th, 2017

Thank you best egg to provide service this easy and fast.

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Lucille

June 7th, 2017 Springfield, NJ

This process was simple, and fast. Customer service is very good.

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Pamela Seay

June 7th, 2017 Dupo, IL

I have an existing loan with BestEgg and went back for a bill consolidation. The process was very quick and I love it!

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patrick bixby

June 7th, 2017

Angie made this experience extremely easy and it took less than 5 minutes. Thank you

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S Baker

June 6th, 2017

I needed some help and I needed it quickly. Mom of multiple special needs kiddos who as adults, can't always find ways to get their bigger picture needs met. One recently had surgery and no where to turn to for assistance. I was so grateful to be able to secure a loan and quickly in order to help relieve her anxiety as she needed to focus on getting better. Your loan application process was easy, efficient and I heard back swiftly. THANK YOU. I've used you before, I will turn to you without hesitation should I need to ever again.

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Dorothy Sanchez

June 6th, 2017 Houston, TX

I needed extra funds to prepare my home for selling, and time was a factor. I was truly amazed at how quick and thorough my transaction was. I was kept informed of the progress and within days the money was in my account.!

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John

June 6th, 2017 Trenton, NJ

The loan department are very good at what they do I had a very good time with all of them. Thanks John

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Berry Jones

June 6th, 2017 Snellville, GA

Very satisfied with ease of on line application and customer service answering questions.

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Richard Lemons

June 6th, 2017

Fast easy way to consolidate your bills! Very pleased!!!

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Geoff

June 6th, 2017 Bolingbrook, IL

Came in from a referral service that transmitted incorrect info for a loan that couldn't be approved, but I was amazed at how the staff worked with me to find a loan that did meet my needs and was not far off from the referral terms. Referral company was garbage, but Best Egg did well.

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KUMAR BAHAL

June 5th, 2017 Farmingdale, NY

GREAT CUSTOMER SERVICE AND EXPEDITION IN SOLVING PROBLEMS

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c. Hayden

June 5th, 2017 Deland, FL

This was by far the easiest loan that i have ever applied for online, they where very fast processing the application and approving the loan. The whole process was like 2 days. I highly recommend this company for your financial needs.

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frank

June 5th, 2017 Hollywood, FL

this service was quick and very good help me get piece of mine i urge any one to try it.

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Trina

June 5th, 2017

Best Egg was simple to use. I highly recommend

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douglas larsen

June 5th, 2017 Port Monmouth, NJ

I found Best Egg to be truthful in all of the statements it made.This made me feel very comfortable using them.

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orlando cedeno

June 5th, 2017 Edison, NJ

Good experience with Best Egg. Would recommend them to anyone looking for a smooth and quick process to bill consolidation loan Very happy with their service.

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Tom

June 5th, 2017

The loan processed was fast and easy it's a best way to pay off medical bills, tuition fee, and card debt. Will definitely recommend to friends and family, Thank you Best Egg A++++

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M. Altman

June 5th, 2017

Quick and easy, and excellent customer service. Highly recommend them

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carl w.williams

June 5th, 2017 Muskogee, OK

We were sick of what some companies were chaging us each month on interest. We were wanting to do some needed updates to our home. We were amazed how easy the loan with your company was and it did not take a ton of paper work to complete the application. We are completely satisfied with our "best egg" loan.

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Brooks Gorden

June 5th, 2017 Portage, IN

The application process is very easy and quick as is the receipt of the loan proceeds. You have no choice other than to have payments debited directly from a Bank account. You can pay extra but it has to be exact payment amounts. I would prefer to be able to pay any additional amount in excess of a payment that I would like.

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Mel

June 5th, 2017

The experience was better than advertised Easy and simple to the Nth degree

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Dorothy A. REihle

June 5th, 2017 Jackson, MS

Best Egg saved me financially on several occasions when unexpected and unforeseen situations arose in my life. My credit was not excellent but it was good. You can't expect an unsecured loan of $10,000 if your credit is bad. But, for the working individual who tries to keep his/her credit good, you will appreciate Best Egg. And once you pay a loan off with them, it just helps your credit and you will get offers from them again. Their Customer Service is excellent and the money hits your account within a couple of days. Thank you Best Egg!

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Michael Simbulan

June 5th, 2017 Springfield, VA

The process was simple, and they offered great rates. I am very satisfied.

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Jusin Hair

June 5th, 2017 Charlotte, NC

It was quick and easy however the final details changed a bit. The estimated first payment date on the agreement was 7/1, when it was finally approved and funded it said 6/22, a full 9 days earlier. I understand the first one was just an estimate but with people who try to budget their money they could be given an option to accept and continue if the first payment date changes by more than a week. Otherwise the experience was great.

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francisco rivas

June 5th, 2017 Rockville, MD

very easy and speedy process for a loan. I totally recommend best egg.

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JCA

June 5th, 2017 Cartersville, GA

Extremely easy process, very competitive rates

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Vinnie

June 5th, 2017

Very quick and easy to work with.we were very satisfied with the knowledge of the loan officer.

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Jessica

June 5th, 2017 Albuquerque, NM

I got tired of paying higher interest rates because of the situation I got into five years ago due to layoffs in corporate America. BestEgg got me a great rate which will save me potentially thousands of dollars.

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Javier Bouyett

June 5th, 2017

Best Egg is amazing! They always come through with what i need and have never denied me! I make my payments on time every month and they reward me with a new loan with better rates! So thankful for the Egg!

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Sue

June 5th, 2017

Very efficient. Did what was advertised.

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C Caruso

June 5th, 2017 Dallas, TX

Application was easy. Approval was quick. Loan funded within two business days. Very satisfied.

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Jack Hammell

June 5th, 2017 Rockaway, NJ

The person taking my information was kind and had patience She took me through each stage of the app. When I made a mistake, she walked me through to correct it. She was very pleasant and didn't get excited when I ran into trouble. It was apleasure working with her.

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Lisa Pagani

June 5th, 2017

Smooth process. Alleviated the pressure of my debt consolidation.

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James

June 5th, 2017 Irving, TX

Best Egg was extremely simple and the step by step process guided me through with no hassles.

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dude01603

June 5th, 2017

Great service for people with poor credit, i got my loan to consolidate all my credit card debt with a lower rate than the credit card companies. Thank you.

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Kathy Skweres

June 2nd, 2017 Conroe, TX

Process was easy and very quick. So glad we decided to use this to consolidate high interest credit cards.

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Cheryl

June 1st, 2017 Salem, OR

Great! It was a huge step but i took it and everything went great.

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John B

June 1st, 2017 Henderson, NV

Elizabeth was both very efficient and more to the point humorous.. No detail was missed... Excellent Customer service: Well Done: John Beven

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Ermin Burgos

June 1st, 2017

So easy ... just a few clicks and you know if you qualify along with your rate and payment. Also gives you a few options and lets you decide what is best suited for your needs ...

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Mary szczutkowski

June 1st, 2017

Now I know why you r called best because u r the fastest ever. Thanks

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Charles Boyett

June 1st, 2017 Lincoln, AL

I was very pleased with the kind and professional Customer service. I would refer your company to anyone in need of a small loan, thank you for your kindness.

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Terry Torres

June 1st, 2017 Pomona, CA

These guys are really there to help you! There quick and courteous, They helped when i really needed the help! Sincerely Thank You Terry Torres

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Michael Edward Maynor

June 1st, 2017 Beaverton, OR

Easiest loan I have ever taken out. Thank you

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Cjay

June 1st, 2017 Indianapolis, IN

Wow I just applied last night and was approved when I woke up the next day!!!

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Gabrialle Martin

May 24th, 2017 Irving, TX

A speedy and easy way to obtain funding. Thank you.

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P Herder

May 24th, 2017 Washington, DC

I was pleasantly surprised at how fast and efficient the process was. I have dealt with other online loan companies and this is the first time I had a real person contact me. Good job!

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benito dituri

May 24th, 2017 Milford, CT

awesome I had several loans from bestegg it got me out of jams and Debit when needed. Thanks Bestegg

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Jeff

May 23rd, 2017 Waldorf, MD

Was done 100% online and very simple. I would recommend them to others. Very happy to get these bills caught up.

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R. Nicholas

May 23rd, 2017

Service was professional and and very helpful by a Ms Britney. Thankyou!