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
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.!
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.
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.
Fast easy way to consolidate your bills! Very pleased!!!
Very satisfied with ease of on line application and customer service answering questions.
GREAT CUSTOMER SERVICE AND EXPEDITION IN SOLVING PROBLEMS
very easy and speedy process for a loan. I totally recommend best egg.
this service was quick and very good help me get piece of mine i urge any one to try it.
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.
Best Egg was simple to use. I highly recommend
I found Best Egg to be truthful in all of the statements it made.This made me feel very comfortable using them.
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.
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++++
Quick and easy, and excellent customer service. Highly recommend them
The loan department are very good at what they do I had a very good time with all of them. Thanks John
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.
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.
The experience was better than advertised Easy and simple to the Nth degree
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.
Dorothy A. REihle
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!
The process was simple, and they offered great rates. I am very satisfied.
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.
Best Egg was extremely simple and the step by step process guided me through with no hassles.
Smooth process. Alleviated the pressure of my debt consolidation.
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.
Application was easy. Approval was quick. Loan funded within two business days. Very satisfied.
Very efficient. Did what was advertised.
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!
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.
Very quick and easy to work with.we were very satisfied with the knowledge of the loan officer.
Extremely easy process, very competitive rates
Process was easy and very quick. So glad we decided to use this to consolidate high interest credit cards.
Wow I just applied last night and was approved when I woke up the next day!!!
Michael Edward Maynor
Easiest loan I have ever taken out. Thank you
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
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.
Now I know why you r called best because u r the fastest ever. Thanks
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 ...
Elizabeth was both very efficient and more to the point humorous.. No detail was missed... Excellent Customer service: Well Done: John Beven
Great! It was a huge step but i took it and everything went great.
awesome I had several loans from bestegg it got me out of jams and Debit when needed. Thanks Bestegg
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!
A speedy and easy way to obtain funding. Thank you.
I am very satisfied with how quick the process is
Application process was simple and fast. The offer letter was clear and contained all the information I needed to proceed. I was a bit hesitant about providing my bank logon info, but checked reviews and all seemed OK.
This was a fast and easy process. I highly recommend Best Egg
Best egg makes it fast and easy to borrow money it's so much easier than going to a bank. Thanks Best egg.
VERY USER FRIENDLY. SOMETIMES SITUATIONS ARISE THAT REQUIRE AN ADDITIONAL BOOST
This was easy, quick, and a good opportunity to consolidate debt to reduce interest fees.
Service was professional and and very helpful by a Ms Britney. Thankyou!