Best is an online lending platform focused on personal loans. The company has helped fund over $7 billion in personal loans since its founding in 2014. 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 expenses.
With an exceptional consumer star-rating on BestCompany.com, Best Egg loan reviews indicate a quality company with exceptional service. These reviews offer a comprehensive look at the pros and cons of borrowing money through this service through the lens of people like you.
Best Egg has lower approval requirements than you might get with other lenders.
To qualify for Best Egg's lowest rate, 5.99 percent APR, applicants should have at least a 600 minimum credit score and an annual individual income of at least $35,000.
Many other personal loan lenders have more strict approval requirements that could be challenging to meet, especially for subrpime borrowers.
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*) ranging from 5.99 to 29.99 percent, and loan terms ranging from 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 percent 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 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 's debt 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.
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.
lenders have an online application, but some will also require applicants to speak with a company representative over the phone to complete the process. A entirely online application can save you more time and get you funding much faster, as is the case with Best Egg.
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.
Best does not charge a prepayment penalty fee if you decide to make extra payments or repay the faster than your loan term 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 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 that 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 rate changes that can be expected with a variable rate .
Best loans offer simple interest loans rather than compound interest loans. Simple interest can save you more money overall because interest is calculated only on the outstanding principal balance. Compound interest loans charge interest on the principal as well as on accumulated interest from past non-payments, thus potentially increasing your 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 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 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.
If you choose to accept Best 's .
The majority of Best reviews left on BestCompany.com from real customers are overwhelmingly positive, highlighting a quick and straightforward application and process, satisfactory rates, and excellent customer service. Best complaints are limited.
If you are interested in reading all current , click here.
Best personal loans have an between 0.99 and 5.99 percent 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 does not currently offer joint loans. Many other lenders have a joint loan and/or cosigner option which can help subprime borrowers qualify and receive lower rates.
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.
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
This was a wonderful easy experience. Just fill out an app. show some paperwork to verify things, and wa la, I am now getting a second chance to catch up on my credit.
This loan made my life so much easier. Getting rid of credit card debt and having more money left over each month was so helpful to my well being and peace of mind.
Michael Joseph connell
The loan process was made very easy to complete. The approval came very quick,and the road to financial independence can be started.
The best service and the best rates around. A pleasure to do business with.
Second time I have taken a loan with Best Egg it is a great service. Thank you
Our overall experience was great given the speed to process and the short turnaround to have our funds deposited. Fantastic customer service. Would do it again.
The customer service rep was excellent. My only complaint is, I receive all my income as tax-free...and my Adjusted Gross Income should have been much higher; "grossed-up" by 20-25%, to reflect what earned income I would need to make, to net my reported income. Very frustrating...
Wow! Went searching for rates on a personal loan. Many offers out there but this was the best value. the online process for completing the application process took less than 5 minutes. It was simple and direct, no wasted time or unimportant information. Done and done!
I applied for a loan through Best Egg by recommendation through credit karma. Honestly, I was a little skeptical but now i am confidant and comfortable that i made the right decision. I took out a loan to consolidate debt and have one payment. and be debt free in 3 years or less. I felt like best egg was up front about the fees and terms of my loan. I seriously had the money in my checking account in 1 business day! Overall, I had a great experience and would recommend Best Egg.
Very Fast and service was awesome! Thank You!
The process was very easy and the rates offered were much better than other similar lenders.
It was awesome!!! The fastest application process, about 5 minutes, and once I applied, I received an email that my loan was approved. In 2 days the money was in my account and I was able to pay off the high interest credit cards and make some minor home repairs. The entire experience was incredible.
Amazing. I was only going to check it out. The rate and simplicity was too good to pass up. Thank-you. I still cannot believe have fast this was approved. Your company is Amazing.
The online application process was simple, quick, and efficient with excellent transparency! Do be aware of the final payment clause. This review is based on my application process, but I look forward to my continued interactions with Best Egg after such a great application experience.
I would highly recommend partnering with Best Egg if you are looking for fast money at a decent rate.
For some years, I've received advertisements in the mail from Best Egg and others in the industry, trying to entice me into a loan. Not being in the market, I paid little attention to them. Recently, however, after having reviewed my finances and credit rating, I decided a debt consolidation loan might be a good idea. It all came down to whether the rate, monthly payment, and term made sense. As suggested on CreditKarma, and after having read the brief synopses of the various lenders, Best Egg seemed to have the right combination. Their soft credit check and rate/payment quote based on it were hard to turn down. After all, no one who wants to protect their credit rating wants to have a hard credit check, only to risk being refused. I filled out the modest application on a SUNDAY night, not expecting much to happen for a few days. As it turned out, the approval email came about 12 hours later on Monday morning, and the funding in my bank account less than 24 hours following that! No additional paperwork was required, no faxing or emailing of forms, and no obscure information was sought of me. The online application was all there was to it. I'm very happy with the process. The total APR is about a third of the averaged rates of my credit cards, the payment about $100/mo less than I'd been paying, and best yet, I have a solid plan that will have the debt paid off in a mere three years! The one, lower payment is far more convenient, and MAN, it's feeling good to change those automated bank payments to PAYOFFS instead! Thanks, Best Egg. It's been a pleasure.
Easiest, fastest, and most simple loan experience I ever experienced!
I applied so that I can pay off some debt and complete a few needed home repairs. I received an approval rate within 24 hours. I haven't received my funds yet but I'm so very excited and greatful!
Great customer service, very helpful staff, made the process easy.
This was the easiest and quickest loan process that I have ever had! Thanks for the great service and the opportunity to get my finances to a more manageable status.
Julius K. Goaneh
This was too true to believe. I didn't think I would have qualified for a loan based on my credit history. I am amaze with the agility of the lender. It was quick and easy. I would recommend others looking to better their credit.
Before I followed thru on my applications I authenticated the reviews I read which were all positive. The speed of service /the choices of rate / term selection were impressive. Yes I would recommend your company to anyone who inquired and I would happily refer individuals to your company.
Great Service and great to work with. Hassle Free
Very easy. Instant approval! Helped me pay off what's I needed to pay off so now I just have one payment!
Dealing with Best Egg for a loan consolidation was the easiest process I have ever been through when getting a loan.
I kept getting offer in mail and finally wanted to call and see what could be done for me they were helpful and I am glad I made the call
Very pleased with the fast approval and very fast deposit of funds into my bank account
I am so grateful to BestEgg for such a wonderful loan product. The customer service is extraordinary. They kept working with me until I completed the loan application process.
Everyone very nice and very helpful.Was made easy to apply for loan for a senior citizen not computer savvy.After approval ,funds promptly placed in account. thank you for making it easy.Roena
Application was quick and simple. Courteous and helpful reps. Thanks for help getting my finances under control.
Outstanding customer service, great rates, easiest loan process ever, a great way to consolidate some debt or do some home improvement without a bunch of hoops to jump through or difficult terms, simple auto payment system and no penalty for pre payment. Highly recommended
The combination of service and delivery cant be beat
I appreciated the ease and stress free application process. Thank you Best Egg.
I'm very happy with the loan process and am excited to be able to consolidate credit card and other debt. When I'm done paying my loan back, I will be virtually debt free.
the timing was great. this pays off all existing credit cards. Thanks
Excellent and fast. No Hassle, and a great APR to refinance your credit cards. I'm excited to do business with Best Egg! -Michael from NC
your customer service is above repoach., and i would recommend them to anyone
Easy application process! Will recommend to friends!
YOUR PEOPLE ON THE PHONE WERE EXTREMELY HELPFUL AND KIND
Thank you. Wife put together her daughter's wedding and 3 years later still drowning in debt. Was able to pay off all of my credit cards and now only have 1 reasonable payment that will be paid off in 3 years or less. Thank you for turning our life around.
You all was very fast and professional! Thanks for the loan!
Best Egg was wonderful to deal with and they made my loan process so easy. I would definitely recommend them to anyone I know that is in the market for a hassle free personal loan. Great job Best Egg! Regards, Jerry
The process of applying was so quick and easy! I am so excited about saving over $18,000 in interest thanks to Best Egg!
This process couldn't be more transparent or informative. Ideal lending situation. Can't wait to get the money I need to save more money!
Highly recommend best egg, easy and fast application process Thank you, Scott
Unbelievablely fast. Was turned down by a few other lenders. Was given an APR similar to these lenders and was approved almost instantly.
Angie made this experience extremely easy and it took less than 5 minutes. Thank you
This process was simple, and fast. Customer service is very good.
Thank you best egg to provide service this easy and fast.
I have an existing loan with BestEgg and went back for a bill consolidation. The process was very quick and I love it!