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
Easy application process. Was surprised I did not loose my connection while I tried to figure out how to use the scan feature of my printer, which Windows 10 had removed.
I needed a short term loan to carry me over to when my Vacation rentals kick for the 2018 Spring season in Florida. the no fuss loan policy at Best Egg net my needs and was done quickly!
Very easy and very quick. Very pleased with the whole experience .
Very easy and great customer service. Honest rates for honest loans.
Best Egg came through with a great rate.After many attempts applying for card consolidation loan.Being told No my balance to card limits were to high or offered a percentage rate higher than my cards
Very quick. Easy to apply. No hassle. Very satisfied.
They reviewed my loan application, got back to me promptly, asked for verifying documents of income, called me to check my uploads of documentation and approved my loan. Pretty easy
At every level of interaction, whether with the service department to clarify a matter, the loan specialists or the online application process, this was pleasant, uncomplicated, and provided a great rate for the loan I needed. This was a far better experience than anticipated. I recommend it without hesitation
My experience with Best Egg is that it was relatively easy. I did not get the amount I requested so now I must revise my financial planning. Delivery process was good and customer service was ok given that I applied on a weekend. I didn't like the billing options because I felt I was being forced to accept automatic payments. The implied threat of being assessed $7.oo is simply unprofessional. That's why I gave you a rating of 7 instead of 8. I lowered it to 7 because of that.
This was an way too easy experience from start to finish. Customer service walked me through on everything. Best Egg has helped me through difficult times. I so appreciate Best Eggs concerns.
Loan Process - Easy application, competitive interest rates, and received fund quickly.
Such an easy process & your notified the same day if your approved.
Excellent client services very please with help assistance over the phone.
very easy to apply and the funds are available very quickly
The customer service deparment was very helpful. They provided very quick and prompt information and service.
Best experience I've ever had with a loan. Will definitely refer friends and family. Fast, efficient, and easy process Funds made available next business day after approval. Approval process is fast. Love best egg
Great experience. Very pleasant and personable.
Paul Phillip Peters
I had an excellent experience with Best from start to finish. They were extreme professional and quick. I highly recommend them
Easiest, fasted loan process I have ever experienced.
Very easy to apply and affordable. Happy!
Rudolph E Huebner
Easy company to work with. Very straight forward.
Helped over the phone. Easy application process. Speedy reply. Fair offers!
Best Egg made it fast and simple to get out of an undesirable debt situation following an unfortunate life event that caused me to build up said debt. Extremely grateful to have gotten this help to get back in a better spot!
Fast and easy process. very affordable!!
Very quick and easy! I would gladly recommend to friends.
I've been trying for months to consolidate my debt, constantly being denied because I had too much debt?! Best Egg was fast and could not have been easier., now I have peace of mind and a lower monthly payment! Thank you!
Best Egg was very fast and simple to apply a loan for,no hidden fees.You will know if you qualify in minutes..They give you different options for your loan pay off 3 -5 years.Money in my account in 4 days.Very satisfied..
Very happy with the convenience of getting the loan. I didn't hear back in the amount of time they originally gave me but when I called, a representative took care of everything at that moment . I highly recommend best egg
I was approved quickly and received my loan at the advertised terms. The interest rate is what they said it would be and the payments are what I agreed to. The process was quick and everything was in very clear terms.
Excuse me as I pick myself up from falling off a log...yes it was that easy of a process to obtain my loan from Best Egg. The application, document loading and validation portion took 15 mins, and lot of that was me double checking info. I had a quick question that I email to them after the process was done, and they answered it within minutes. The next day I go to the website and get my "Congratulations, Your Load is Approved" message. A total pleasure to do business with.
This is the fastest way to secure a loan. The convenience and quickness in response separate the company from the rest. It is quick, easy and hassle free.
Best Egg made it quick and easy to apply for credit card consolidation. I will tell my friends about my experience that I had, no hassle's, application was very easy to complete my answer within minutes. Money was in account in 2 business days.
It was an easy process with good customer service. I got the loan I needed at a reasonable rate. thank you
The application was easy and the money was in my account quickly...a very good way to consolidate high interest loans.
T Brooks Brown
I'm not sure what Dept. Ms H(Texas)is in but her FANTASTICALLY charming personality, as well as her ability to explain in detail & answer all my questions was, as marked above, awesome!! Thanks to the dept who sent out the approval advisement also. I look forward to doing business with your organization. T. Brooks Brown
I am very pleased with the level of customer service at Best Egg. Everything is straight forward . I will recommend this company to everyone.
Very fast service and knowledgeable customer service.
The application process was quick once all necessary paperwork was received and reviewed and money was deposited into my account within the stated time frame.
Eggs best was very efficient and quick. I recommend anyone looking for a loan to check them out
We had applied for a loan through lending club and were waiting and waiting. After 2 weeks of waiting I contacted them and they simply said that there were alot of loans to go through (I think that means it's time to hire more people) and that they would let us know when they get to ours. So I decided to apply to best egg and BAM we saw progress right away. Our application was accepted within a day AND with lower rates! Now we are just waiting on our bank to make funds available.
I have 2 loans with them. Decent rates and as long as you pay them, the rates get better
The whole process was quick, easy and very fast!!! I was surprised at how quickly I received a positive response!! I am very happy with the wonderfully ease of use of the site, and the rapid response!
Easy and fast it was a great help to pay off credit cards
Great avenue to reduce debt in the short run until you can pay off debt
Best Egg was the best, easiest, fastest loan experience I have ever had! I would totally recommend this to anyone! There is finally an end in sight to my debt, and that feels so good.
Amazing! Thank you! This process was simple, clean and very quick. This service is going to help me a great deal to moving forward and achieving my financial goals.
I was very satisfied with the quick process and straight up language regarding the delivery and terms of my loan.
Best Egg was a big help towards bringing my family to financial freedom. The ease of the application, the speedy approval, the terms and time frame, lead to our overall satisfaction.
Joseph Wimsatt Sr
Service was great and I had the funds quickly.
ramiz s. Boulder,co
im very happy with service it was very fast in its actions and i would recommend it to anyone with an issue in debt