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
Thank you Best Egg for the quick and easy application process! I could not be happier and just wanted a chance to pay down some higher interest loans and credit cards to help bring my credit score up; thank you for helping me to be able to achieve that!
This was the easiest and fastest loan my husband and I ever got. We got a great low interest rate so we can pay off our credit card debt. We will save thousands over the life of the loan. Happy and please customers!!!
I used BestEgg for a debt consolidation loan and the entires process was easy and flawless. I shopped around and they offered me the best rates. The application was easy and they kept me posted all the way. Funds were in my bank account in 2 days. Excellent experience. I highly recommend. Thank you BestEgg!
I recommend anyone who needs a loan. It was fast and easy. Very friendly!! Payments are easy to make. Please get a loan from here..
Best Egg was extremely easy to apply for and funded me very quickly!
I was very pleased with the application process, particularly the speed and ease of it. I am also satisfied with the terms of the loan, which are very reasonable.
I had been looking for for a lower interest rate to refinance and consolidate my debt for quite some time and Best Egg made it so simple and easy. I called the customer service number to check on the status of my application and they approved it right there with me on the phone. Looking forward to saving some money while I pay off debt!
The service customer service was very helpful and getting my loan approved
Extremely satisfied with the experience The customer service was excellent.
David L Dryer
Friendly customer service. Best loan company. The loans really helped with cosolidation and saved us on interests
The process was easy and the website is top notch!
So easy so convenient. Quick response. Thank you best egg.
This was an amazingly easy process! I was approved for my loan in less than 10 minutes.
Best Egg made the process very simple and convenient, yet I felt that my information was safe because of their verification process. The short response time was remarkable.
what a great company when needing a loan. Customer service was great and hey got me the money i needed to pay off my bills. I will definitely let friends and family know about this company.
Nelson E. Sample
I received an offer via US mail from Best Egg and within 5 business days I received my loan request. Best Egg has tapped in to a market that has a huge upside for their business. For me, it allowed me to obtain funds immediately to pay off a debt. I do not like the interest rate I received and will make this a short term loan in order to reduce the cost.
Best Egg is very easy to deal with and have helped me with debt consolidation for years. Highly recommended!
The process was quick and easy. Ten minutes at the most. The loan was approved when other lenders wouldn't.
It was fast and easy ,thank you,we're on the road of paying off debt
Best Egg delivers Very fast processing. with low rates
Best Egg was an amazing experience. The process to get this loan was easy to follow on line without having to upload any extra document,
Very fast to respond and very fair on the rate they gave me
Loan process was effertless. Recieved my funds in two buisness days.
The process was painless & fast! Couldn't be happier. Thank you Best Egg !!!
Great rates, great service, quick process!
Super easy experience so far. Thanks for the help!!
Thank you for being up front with me on all accounts: payment, interest, etc. This is the reason I borrowed the money from you. Also having English speaking people on your staff.
Best Egg approved my loan when I was denied by other lenders. I am so grateful that they were willing to give me a chance and reviewed my credit history as a whole instead of just my FICO score. Thanks to Best Egg I'm on my way to financial freedom!!!
I recieved a advertisement through the mail so I looked into the offer. The application process was easy and quick.
Application process was easy and quick. I used my loan to consolidate my credit cards, which had an APR for 25.99% and I was offered a rate for 10.99% so that was good for me. I thought the loan fee was reasonable and comparable to other loans I have taken. They gave me the option to repay the loan in 3 years or 5 years and they broke down payment amounts for each plan. They told me when the money will be taken out, which will be done automatically. So I don't have to worry about login on to make a payment. I also thought my repayment amount was affordable. Thankful to have found out about Best Egg. Hope it works for someone else!
Easiest loan that I have ever applied for. From start to finish in less than a week.
Michael S Cromer
The representative was very helpful and kind to me in getting this loan. I am very happy that I can finish my home remodeling. I would recommend Best Egg to anyone needs some help. The process was very simple and fast. Thanks again. Michael
The process for applying and receiving approval was on par with other loan servicers, if not faster. It was a relatively no-hassle experience, except that the upload documents tool on the site is a bit confusing with no confirmation for days (if it's outside business hours) that the actual document was received. There was also no update made to the document required status (after over the phone I was asked to provide more documentation) until the "Approved" page appeared. Also, don't try to call after say 5pm PST because, despite the fact that there are no office hours listed on the site re: the 1-800 number, no one will answer. In fact, you'll sit on hold, "waiting for the next representative to be with you in a moment" for over 20 mins before the system eventually just hangs up on you with no message, no warning. This simple fix (saying in your system that your phone hours are e.g. 8AM - 5PM PST) would be a huge customer experience improvement. Overall, pretty happy with the process despite these hiccups. Thank you Best Egg!
Holy Crap that was quick and easy. 22 minutes start to finish and half of that was me trying to decide what loan option i wanted. Approved and just waiting for 1-3 days for funds to hit my account. Could not be simpler. Rate beat my personal back by a mile!
Very professional service. Fast, friendly and direct. What a great experience! Thanks Best Egg! Keep up the great work!
My experience with bestegg was painless! Very user friendly.
I was totally surprise to see it was quick and easy to payoff credit card debt.
Very Pro. Good caring people . Happy with everything when dealing with Best Egg.
IVAN F CUARTAS
Excelente rate and the people the coustomer service very nice
Customer service reps were so friendly and knowledgeable. Each one took the time to explain the terms of my loan and were happy to answer any questions I had. I couldn't believe how quickly I was approved for a loan. I'm a happy lady. Thank you....
This is by far the best loan process. The application was easy, no hassles, and it was done within 2 minutes. I received an approval confirmation and the money was transferred to my account within 2 days. This was the best experience I've had when applying for a loan.
Everything was done at top speed - I am very happy to have done business in this manner and will for sure do business again with them ... highly recommend
I spoke with a few different representatives for customer support and both did an amazing job helping me to understand the loan process better and making me feel at ease. Thank you for your service!
I received a letter in the mail and was approved! simple and easy
The application was easy and convenient and my loan was funded the fastest I've ever had!!
This product is awesome. I received a pre-approve notice in the mail and filled out the application online with no problems. Twenty minutes later I'm approved with a good rate and more than I thought I would get. So far So Good.
The loan process was fast and easy. I called and was taken care of by a very nice person.
My Best Egg is awesome and they have very professional associates on the phone with good customer service skills..I will be sure to refer them to some of my friends or colleagues in the future!
I had a previous loan with you and the experience was wonderful. I had a previous loan with you and the experience was wonderful and now I'm going to get another loan. Your interest rates are very competitive and I really appreciate that thank you
This experience was very enjoyable. No one likes to be in dept. but life happens. Best Egg has given me the opportunity to live comfortable again. I really can start building my nest egg again. Thank you Best Egg for this opportunity.