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.
Click here to go straight to Best reviews.
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 is transparent when it comes to sharing information with customers and provides clients with terms, including the fixed interest rates and amounts. Best 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 '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 's platform offers personal loans to borrowers with and . These loans can be used for a variety of purposes, including loans, refinancing, and home improvement - but cannot be used for a student or auto (which is typical for companies). These loans are encompassed in a quick approval process and a transparent platform.
Best 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 to transfer funds electronically to a bank account in as little as one business day.
Best offers unsecured loans with a fixed for the life of the . The online takes a few minutes to complete. A will be performed once an application is submitted, but customers don't need to worry about this check having an impact on their or showing up on a 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 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.
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.
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8,308 Reviews
Review Breakdown
Sentiment Criteria
Richard Eckleberry
The young lady that we spoke to was so thorough and very, very patient with me. We will certainly tell others about our experience. Also, if we ever need a loan again we will certainly use Best Egg. Thank you, Richard and Caroline Eckleberry
Reply from Best Egg
Feb 12, 2021
That is wonderful to hear! Thanks for sharing your experience with us!
Dnashwinter
Very easy and painless process! I compared with others and Best Egg was the best
Reply from Best Egg
Feb 12, 2021
Thanks so much for sharing!
Evgenia Lauris Whitfield
Easy to apply and easy to get money almost immediately, very reasonable and affordable payments plan. Extremely satisfied!
Reply from Best Egg
Feb 12, 2021
Thanks for sharing! We are pleased to hear you are pleased!
Wayne
Unbelievably easy and fast. Second time I’ve used Best Egg. Trust completely.
Reply from Best Egg
Feb 12, 2021
Fast and easy is what we like to hear! Thanks for sharing.
Sara Bierman
What an easy process! I really appreciate the ease at which I was able to apply and send the required documentation. Piece of cake!
Reply from Best Egg
Feb 12, 2021
We are over the moon to hear we made it easy for you! Thanks for sharing!
R Evans
The process was quick and easy, completed all on-line.
Reply from Best Egg
Feb 12, 2021
Quick and easy is what we like to hear! Thanks for sharing!
M.Steve King
Like the ease of borrowing without the hassle of paperwork time and inconvience of having to set an appointment with my bank. Dislike the Interest rate. My first loan was less that 6% !
Reply from Best Egg
Feb 12, 2021
Thanks for sharing.
Jose Canales
The loan process was quick and very efficient. I would highly recommend Best Egg to friends and family.
Reply from Best Egg
Feb 12, 2021
That is wonderful to hear!
GD
The process was very easy. Dealing with the customer reps was outstanding. I highly recommend Best Egg
Reply from Best Egg
Feb 12, 2021
We are thrilled to hear we made it easy for you!
Michael T Wishon
This is my second loan with BestEgg the process is so easy. I would recommend them to my friends and family.
Reply from Best Egg
Feb 12, 2021
We are glad to have you back! Thanks for sharing.
Virginia Pascual
Easy to apply. Tabitha helped when I needed to correct changes on my application.
Reply from Best Egg
Feb 12, 2021
We are pleased to hear we made it easy for you!
verymeticulousborrower
Best Egg was very easy to apply with. They have easy to understand terms and good rates. They even offer you based on your income and credit a good amount of money depending on what your looking for. They have it! Give them a try they wont disappoint you; they went over my expectations.
Reply from Best Egg
Feb 12, 2021
Thanks so much for sharing your expereince!
Johnna Fleming
Well.......that was easy. My first time signing up for this.
Reply from Best Egg
Feb 12, 2021
We are pleased to hear we made it easy for you!
mcneil michael
Excellent service. The process was very easy. I would recommend best egg to anyone.
Reply from Best Egg
Feb 08, 2021
We are pleased to hear we made it easy for you!
Mark Leonard
I have worked with Besy Egg because they are straitforward in the process and the interest rates are reasonable. they have been a great help for me to stabilize my finances . Mark L.
Reply from Best Egg
Feb 08, 2021
Thanks so much for sharing!
Cocohdz
Easy experience so far, did not make me upload any documents or try to get access to my bank account.
Reply from Best Egg
Feb 08, 2021
We are pleased to hear we made it easy for you! Thanks for sharing!
James S
Super easy process. High credit card interest rates have been killing me. Definitely more manageable now.
Reply from Best Egg
Feb 08, 2021
We are pleased to hear we made it easy for you. Thanks!
Anna
I tried to take picture of a couple of my credit cards and couldn't get to take the picture. When tried to manually put the number it wouldn't let me do it. It kept putting the last 4 numbers of credit cards I didn't have. The auto fill in not my friend in your app.
Reply from Best Egg
Feb 09, 2021
Anna, we appreciate you taking the time to share your experience with us. We apologize for any inconvenience or frustration this may have caused. Please be assured that we value your feedback and will use it to improve. Feel free to give us a call. at 855-282-6353 to discuss your experience or any other concerns going forward.
Angela
Thank you All for the best, efficient Customer Service. It was a simple, painless & timeless process. Thank you again! This organization will definitely be recommended, I am sorry that I did not respond to my pre approved offer sooner.
Reply from Best Egg
Feb 08, 2021
The pleasure is all ours :)
J Jay
Best loan process ever..and funded quick
Reply from Best Egg
Feb 08, 2021
Thanks for sharing!
Juliana
Very easy to apply and clear instructions. I don’t like how you’re not able to change the amount you desire to view details on specific Loan amounts (interest, apr, etc)
Reply from Best Egg
Feb 08, 2021
We are pleased to hear we made it easy for you! Thanks for sharing!
Miguel Chavez
It was a smooth transaction. They funded me in two days and paid off high interest credit cards
Reply from Best Egg
Feb 08, 2021
Thanks for sharing your experience with us!
Gaye Toney
The online application process was simple and fast. I'm very excited to start my journey to become debt-free in three years! Thank you Best Egg!
Reply from Best Egg
Feb 08, 2021
The pleasure is all ours ;)
Ester C de Carvalho
The online service was easy to get through, friendly service. Professional website. Only the interest is too high, but it is okay because I need this loan to help me launch my book to become the Bestseller and make much more so I can pay off the loan. Thank you for helping , you made my journey easier.
Reply from Best Egg
Feb 08, 2021
We are glad we could help! Thanks for sharing!
Lourdes Geigel
Initially I was having problems with setting up my cards but called customer service and got immediate response from Ron, which helped me through. Excellent service
Reply from Best Egg
Feb 08, 2021
Thanks for sharing your experience with us!
Dewey Ray Horman
Very easy to work with and easy to understand
Reply from Best Egg
Feb 08, 2021
We are pleased to hear we made it easy for you! Thanks for sharing.
Daniel Yee
Really fast, decent rate! The UI is nice too.
Reply from Best Egg
Feb 08, 2021
Thanks for sharing!
Sherief El-Banna
Great processing time from application to decision to funding!
Reply from Best Egg
Feb 08, 2021
Thanks so much for sharing!
Edwared
Very easy process and quick Would recommend
Reply from Best Egg
Feb 08, 2021
Quick and easy is what we like to hear! Thanks for sharing!
curtis Montgomery
Could not have been any easier!! Took about 10 min
Reply from Best Egg
Feb 08, 2021
We are pleased to hear we made it easy for you!
Joelann Gawel
Everything was written out clearly and the terms were easy to read and understand. I look forward to paying off my high interest debts!
Reply from Best Egg
Feb 08, 2021
Thanks for sharing!
Adrienne G
Best Egg invited me to apply for a loan and approved my application. Great company that does not forget it's former borrowers.
Reply from Best Egg
Feb 08, 2021
Thanks so much for sharing!
Gerardo Pina
Fast n easy...very helpful...looking forward to a better future
Reply from Best Egg
Feb 03, 2021
Fast and easy is what we like to hear! Thanks so much for sharing.
Gene
It was a great experience, no hassle ,curious employees I have not complaints, and a great rate.
Reply from Best Egg
Feb 03, 2021
We are pleased to hear you have had such a great experience! Thanks for sharing.
shawn-patrick
This was the most painless and quick credit application I've ever completed and been approved for! Thank you, BestEgg! You've earned my business and my praises!
Reply from Best Egg
Feb 03, 2021
The pleasure is all ours :) Thanks for sharing!
benjamin Green
Very good and very helpful for my situation. Website very user friendly.
Reply from Best Egg
Feb 03, 2021
We are glad we could help! Thanks for sharing.
Shane Lester
Very easy and simple process. The representative I spoke with was very polite and willing to contact my bank even though it was not one of the choices. Thank You
Reply from Best Egg
Feb 03, 2021
Simple and easy is what we like to hear! Thanks for sharing!
Wirelessboss
I have worked with Best Egg before, they are easy to work with and have very fair rates.
Reply from Best Egg
Feb 03, 2021
We are pleased to hear we made it easy for you! Thanks for sharing.
Donald ferguson
it was fast. and I got the lone to pay off all my cards.
Reply from Best Egg
Feb 03, 2021
Thanks for sharing, Donald.
Larry Luke
My experience with Best Egg was short, sweet, and simple. It took no time to apply for and receive approval of loan.
Reply from Best Egg
Feb 02, 2021
We are thrilled to hear we made it simple for you, Larry. Thanks so much for sharing!
Lisa DuBreuil
The process was simple and fast, and my insert rate is less than half of what I was paying. I'm very happy!
Reply from Best Egg
Feb 02, 2021
Fast and simple is what we like to hear! Thanks for shairng!
Heather's Work Phone
Amazing! Best Egg has been the easiest process. I will definitely recommend Best Egg to all. Best Egg has helped me consolidate my debit during a very trying time for so many. Thank you Best Egg!
Reply from Best Egg
Feb 02, 2021
We are pleased to hear we made it easy for you! Thanks for sharing.
Stacey
This is my 3rd loan with Best Egg. Each has been easy and prompt.
Reply from Best Egg
Feb 02, 2021
We are glad to have you back! Thanks so much for sharing!
Mike Sandheinrich
I like the lower interest rate and the fact my loan will be paid off in a shorter time frame.
Reply from Best Egg
Feb 02, 2021
Thanks for sharing, Mike.
M T
Very simple process. They had the most competitive lending rates for me.
Reply from Best Egg
Feb 02, 2021
We are pleased to hear we made it simple for you! Thanks so much for sharing.
SFCHenry
The process was to easy and fast. Best Egg came through for me once and did it again with no hassles at all
Reply from Best Egg
Feb 02, 2021
Fast and easy is what we like to hear! Thanks for sharing.
Kim
Such a quick, easy process! A loan with Best Egg is allowing me to make a plan to get out of debt incurred due to unexpected medical expenses. Rates are fair and this will help rebuild my credit score.
Reply from Best Egg
Feb 02, 2021
Quick and easy is what we like to hear! Thanks for sharing.
Patsy M Knight
VERY EASY TO USE. I HAVE HAD LOAN BEFORE AND HAVE HAD NO PROBLEMS
Reply from Best Egg
Feb 02, 2021
We are pleased to hear we made it easy for you. Thanks for sharing!
Jose Mendoza
It was very easy and you can choose between a short time to pay and a longer one, wish let you pay less and not worry about your payments.
Reply from Best Egg
Feb 02, 2021
Thanks so much for sharing your experience with us.
bigfattwin
Great low rate and fast approval. Wow. Thank you.
Reply from Best Egg
Jan 29, 2021
The pleasure is all ours :) Thanks for sharing!