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 $100. Yes, it’s really that simple.Learn More
Best experience ever with a unsecured loan. What a relief of stress trying to get ahead. I highly recommend Best Egg for any financial need.
The whole process was flawless and speedy.
Very fast, very good customer service, best egg was on the ball, I live a very hectic life and don't have time for beating around the bush, they got the job done, so far so good, if the rest of this process is as painless as the beginning, I will be a repeat customer.
The process was easy and efficient . I would gladly recommend this service to my friends!!
Easy and fast as stated. Best interest rate compared to its competitors. Pleased.
Super fast service...and I completed my application over the weekend. Thanks for taking a chance on me. :)
Very easy to apply with a quick response. It didn't take long to get the money I needed for vacation.
Very easy process for loan application. Plain English. No legalesse confusion.
Awesome quick and easy. That's all I can say.
This was the easiest loan I've ever received. I sat in my pajamas, entered all my information and was immediately approved. Thanks for the loan, it help me consolidaye my bills and helped me breathe easier!
The best loan program with easy accessible user friendly application . I would recommend it to family and friends.
Got a loan through best egg. Simple process. I checked their ratings online, people seem to really like them. So far we are very happy with BestEgg!
Wow! Just wow! Rate a bit high but process was the easiest I have ever experienced!
If you need the CA$H don't wait call today $$$ in your pocket less then 72 hours No Harassment just EZ and By the way interest rate on lower than your credit card like I said if you Need the CA$H go Best Egg ??
Application was simple and easy. Although I applied on the 28th of the month, the scheduled payment date was set up for the first of the month. The first of the month is my preferred date for payment.
It was easy to use and only took a few minutes to complete.
I got my loan fast. Interest is high though.
Excellent customer service.. Very professional.
Couldn't be any easier, thank you for helping me.
Great organization to work with! all the folks were awesome to work with. I highly recommend their services.
MERRY C WEHRLE
Best service ever! Approved in less than 8 hours!!
Very easy and helpful. I am now able to pay off some debt and it will help me and my family. Application was easy to setup and not stressful. So far I am very happy
Checked if I was able to get the loan without affecting my score! Was delighted that I was able to confirm that I could even get the loan before deciding to put that on my report.
So far so good dealing with Bestegg! Very easy process and took only minutes!!
The loan process was easy and fast!!! I look forward to being debt free!!
Easy to deal with. No hassles. Quick results
David R Grimes
Easy, quick approval! Came in handy for unexpected home repairs.
Very fast and efficient service and I was satisfied with the professional manner in which I was treated.
The last gentleman I talked too had so much patience! He was such a kind person to help me.
They were so helpful! Answered all of my questions and made me feel completely at ease with this process!
Ease of loan application was fantastic! Clear directions!
Peter J. Mertz
The process was simple and timely. The customer service representatives were knowledgeable, courteous and professional. The loan process was not complicated. Once I provided the requested information the approval was done in a timely manner. While I had hoped for a lower interest rate, I am extremely satisfied with the outcome.
Our AC unit went out and needed to be replaced ASAP! This offer came to us right on time. Didn't hesitate to start the process and received the funds 2 days later. Piece of Cake!
I'm happy with the service and the speed of the hole thing
Consolidated high interest cards into 1 payment, with a little extra cash. Money came quick w/ no problem! Closer to being debt free in 3 years!!! THANKS BEST EGG.
Oh my goodness, I can't believe how easy this process was. I completed the application in response to a mail offer I received and was approved in less than 5 minutes!! All I can say is wow and I look forward to getting some relief by consolidating my credit card debt.
Selina Robles Garcia
They were great and patient ... conversation was friendly....
Application and approval process was quick and painless. There were a number of loan options provided making me feel assured I was getting the best loan possible for my circumstances.
Great service you provide at a good rate.
Fast service over all good service will recommend
Best Egg was so easy to work with you would be crazy not to do business with them.
I'm very happy with my experience so far. It was an extremely easy process. I was able to consolidate my debt to one simple payment and my credit score jumped 30 points in less than a month. Thank you Best Egg!
Great company very good service and deliver what they promise !!
The process was simple and fast with no problems at all.
Edward J. Lewis
Excellent customer service. Loren explained in detail what records are needed. Thank you for the prompt service.
Best Egg is a great company with great rates. Other company's wanted to charge me a very high APR even with a good credit score (708+) Best Egg beat them all by almost half ...even beat my Credit Union by 2%. Very fair with quick and easy processing. Thank you Best Egg for not ripping me off with hi rates !
I am glad that I applied, the process was extremely fast and during the process I was kept informed thru updates . I will surely recommend Best Egg
Great service, competitive rates, rapid funding. Check here before you decide on a loan.
MyBestEgg.com's mailer that I received was concise, easy to read and east to follow. My online application process was easy to follow and complete. Their timely response was a pleasant surprise.
This was the most easiest and quickest loan experience. The agents were all very helpful.