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Best Egg 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, 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.

Click here to go straight to Best Egg loan reviews.



  • Loan amounts: $2,000-$50,000
  • Time to funding: As quick as 1 business day after approval and verification
  • Origination Fee: 0.99-5.99%
  • Minimum income: $35,000
  • Minimum credit qualification: 600
  • Loan repayment term: 36–60 months
  • Rates (fixed): 5.99%–29.99% APR (As of January 2021)

The Good

  • Approval Requirements
  • Great for High-Interest Debt Consolidation
  • Instant Decision Process
  • Clear, Transparent Platform
  • No Prepayment Penalty Fee
  • Due Date Changes for Eligible Borrowers
  • Nearly Nationwide Coverage
  • Fixed-Term Plans
  • Simple Interest Loans
  • No Credit Impact for Loan Pre-Qualification
  • Positive Best Egg Reviews

Approval Requirements

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.

Great for High-Interest Debt Consolidation

Are you looking to consolidate your debt with a personal loan?

Best Egg personal loans can be an excellent option for applicants looking to consolidate debt or pay off high-interest credit card debt, 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 Egg also gives borrowers the opportunity to pay off their loan faster than is scheduled, without being charged any prepayment penalties. These loan terms provide a manageable payback process that is typically much more effective than many other debt relief or consolidation companies.

Best Egg gives this example of how a debt consolidation loan can help with credit card debt:

If you have two credit cards both with a $10,000 balance and a 28-year minimum payment duration, you will pay $25,589 in interest if the first credit card has a 14 percent APR and the second credit card has an 18 percent APR.

In comparison, if you have a Best Egg loan 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 Egg's debt consolidation loans could save you $23,688.

Instant Decision Process

After the application process is complete, Best Egg provides an instant decision (approved or declined) to the borrower. Because Best Egg is an online lending platform, the loan application process 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.

It is important to note that most personal loan 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.

Clear, Transparent Platform

Best Egg makes repaying loans simple, with several options to make loan payments:

  • setting up automatic payment through electronic funds transfer
  • paying online
  • sending a check through the mail - Payments sent in the mail should be given at least five to seven days to reach Best Egg.

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 Egg is transparent when it comes to sharing information with customers and provides clients with loan terms, including the fixed interest rates and monthly payment amounts. Best Egg also provides an easy-to-find, clear privacy policy on its website with information detailing how it limits the sharing of clients' personal information.

Best Egg'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 Egg 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 personal loan and ensure you stay up-to-date with payments and important changes to your account.

No Prepayment Penalty Fee

Best Egg does not charge a prepayment penalty fee if you decide to make extra payments or repay the loan faster than your loan term requires. Prepaying on your loan 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 Egg once you have your loan, so you always know what your payoff amount is.

You can see your payoff amount at any time through the Best Egg account portal. This will also show you how much you could save in interest fees if you pay off your loan early. Penalty-free prepayment is always preferable, especially if you are looking for a consolidation loan with the goal of eliminating needless interest and fees on your other accounts.

Due Date Changes for Eligible Borrowers

Best Egg personal loan 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 Egg, when possible, will work with you to decide on a due date that works best for your budget and financial situation.

Nearly Nationwide Coverage

Best Egg offers its lending services to 47 states. Having nearly nationwide service creates more opportunities for consumers to work with Best Egg. Many personal loan companies have a much smaller coverage area, making it difficult for borrowers residing in non-covered states.

Fixed-Term Plans

Best Egg 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 Egg loan term.

This provides peace of mind and stability to borrowers and makes it easier for them to stay on top of payments throughout the loan term, as there will be no rate changes that can be expected with a variable rate personal loan

Simple Interest Loans

Best Egg 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.

No Credit Impact for Loan Pre-Qualification

When you check your rate and potential to qualify through the Best Egg lending platform, your credit score will not be impacted.

Like many online lenders, Best Egg 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 credit card for a cash advance, etc. The opportunity to pre-qualify makes it easy for potential borrowers to make smarter financial decisions. They can compare lender rates and decide if Best Egg is right for them, without negatively impacting their credit in the process.

If you choose to accept Best Egg's loan offer a hard credit inquiry will be performed, which is standard in the industry

Positive Best Egg Reviews

The majority of Best Egg loan reviews left on from real customers are overwhelmingly positive, highlighting a quick and straightforward loan application and process, satisfactory rates, and excellent customer service. Best Egg complaints are limited.

If you are interested in reading all current Best Egg reviews, click here.

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The Bad

  • Loan Origination Fees
  • No Joint Loans Available
  • Time in Business

Loan Origination Fees

Best Egg personal loans have an origination fee between 0.99 and 5.99 percent of the total loan amount. The origination fee is the one-time cost for Best Egg processing the loan.

Unlike the interest rate, the APR includes both the interest rate and all fees, including the origination fee.

Best Egg states that any loan with a five-year repayment period will have a loan origination fee of at least 4.99 percent. This fee is deducted from the loan when funds are deposited into your bank account and is considered when calculating the annual interest rate.*

No Joint Loans Available

Best Egg 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 personal loan, but want to apply with a cosigner, consider lending sites like FreedomPlus and Upgrade, or peer-to-peer lending platform, LendingClub.

Time in Business

Best Egg has only been in business since 2013. Although that isn't as long as some other lending companies, Best Egg has proven through consumer reviews and customer satisfaction that it is a top-notch quality service provider.

The Bottom Line

Best Egg's platform offers personal loans to borrowers with good credit and excellent credit. These loans can be used for a variety of purposes, including debt consolidation loans, credit card refinancing, and home improvement - but cannot be used for a student loan or auto loan (which is typical for personal loan companies). These loans are encompassed in a quick approval process and a transparent platform.

Best Egg is unlike online peer-to-peer lending platforms that have to wait for investors to fund loans. Its financial institution partner, Cross River Bank, is ready to fund qualified applicants, which allows Best Egg to transfer funds electronically to a bank account in as little as one business day.

Best Egg offers unsecured loans with a fixed monthly payment for the life of the loan. The online loan application process takes a few minutes to complete. A soft credit check will be performed once an application is submitted, but customers don't need to worry about this credit check having an impact on their credit score or showing up on a credit report. There is also no prepayment penalty fee.

Approval requirements are low and minimal, which is particularly good news for subrpime borrowers - Best Egg's minimum credit score is 600 and minimum income is $35,000. This could make it easier to approved for a personal loan, although your rates and terms will still be dependent upon your finances.

Read Best Egg loan reviews below to see what consumers are saying about this online lending service.

*Trustpilot TrustScore as of June 2020. Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” refer to “the Best Egg personal loan” and/or “Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%.  The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–6.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

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User Reviews

Star Rating


8,268 Reviews

Review Breakdown

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Dorothy Sanchez

June 6th, 2017 Houston, TX

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.!


S Baker

June 6th, 2017

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.



June 6th, 2017 Bolingbrook, IL

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.


Richard Lemons

June 5th, 2017

Fast easy way to consolidate your bills! Very pleased!!!


Berry Jones

June 5th, 2017 Snellville, GA

Very satisfied with ease of on line application and customer service answering questions.



June 5th, 2017 Farmingdale, NY



francisco rivas

June 5th, 2017 Rockville, MD

very easy and speedy process for a loan. I totally recommend best egg.



June 5th, 2017 Hollywood, FL

this service was quick and very good help me get piece of mine i urge any one to try it.


c. Hayden

June 4th, 2017 Deland, FL

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.



June 4th, 2017

Best Egg was simple to use. I highly recommend


douglas larsen

June 4th, 2017 Port Monmouth, NJ

I found Best Egg to be truthful in all of the statements it made.This made me feel very comfortable using them.


orlando cedeno

June 4th, 2017 Edison, NJ

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.



June 4th, 2017

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++++


M. Altman

June 4th, 2017

Quick and easy, and excellent customer service. Highly recommend them



June 4th, 2017 Trenton, NJ

The loan department are very good at what they do I had a very good time with all of them. Thanks John


carl w.williams

June 4th, 2017 Muskogee, OK

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.


Brooks Gorden

June 4th, 2017 Portage, IN

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.



June 3rd, 2017

The experience was better than advertised Easy and simple to the Nth degree


Jusin Hair

June 1st, 2017 Charlotte, NC

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

June 1st, 2017 Jackson, MS

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!


Michael Simbulan

June 1st, 2017 Springfield, VA

The process was simple, and they offered great rates. I am very satisfied.



May 31st, 2017

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.



May 31st, 2017 Irving, TX

Best Egg was extremely simple and the step by step process guided me through with no hassles.


Lisa Pagani

May 31st, 2017

Smooth process. Alleviated the pressure of my debt consolidation.


Jack Hammell

May 30th, 2017 Rockaway, NJ

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.


C Caruso

May 30th, 2017 Dallas, TX

Application was easy. Approval was quick. Loan funded within two business days. Very satisfied.



May 30th, 2017

Very efficient. Did what was advertised.


Javier Bouyett

May 29th, 2017

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!



May 26th, 2017 Albuquerque, NM

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.



May 26th, 2017

Very quick and easy to work with.we were very satisfied with the knowledge of the loan officer.



May 26th, 2017 Cartersville, GA

Extremely easy process, very competitive rates


Kathy Skweres

May 26th, 2017 Conroe, TX

Process was easy and very quick. So glad we decided to use this to consolidate high interest credit cards.



May 26th, 2017 Indianapolis, IN

Wow I just applied last night and was approved when I woke up the next day!!!


Michael Edward Maynor

May 26th, 2017 Beaverton, OR

Easiest loan I have ever taken out. Thank you


Terry Torres

May 25th, 2017 Pomona, CA

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


Charles Boyett

May 25th, 2017 Lincoln, AL

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.


Mary szczutkowski

May 25th, 2017

Now I know why you r called best because u r the fastest ever. Thanks


Ermin Burgos

May 25th, 2017

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 ...


John B

May 24th, 2017 Henderson, NV

Elizabeth was both very efficient and more to the point humorous.. No detail was missed... Excellent Customer service: Well Done: John Beven



May 24th, 2017 Salem, OR

Great! It was a huge step but i took it and everything went great.


benito dituri

May 24th, 2017 Milford, CT

awesome I had several loans from bestegg it got me out of jams and Debit when needed. Thanks Bestegg


P Herder

May 24th, 2017 Washington, DC

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!


Gabrialle Martin

May 24th, 2017 Irving, TX

A speedy and easy way to obtain funding. Thank you.


[email protected]

May 23rd, 2017

I am very satisfied with how quick the process is


Richard Campbell

May 23rd, 2017

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.



May 23rd, 2017 Los Angeles, CA

This was a fast and easy process. I highly recommend Best Egg


William little

May 23rd, 2017

Best egg makes it fast and easy to borrow money it's so much easier than going to a bank. Thanks Best egg.



May 23rd, 2017



Jamie Broussard

May 22nd, 2017 Portland, OR

This was easy, quick, and a good opportunity to consolidate debt to reduce interest fees.


R. Nicholas

May 22nd, 2017

Service was professional and and very helpful by a Ms Britney. Thankyou!