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
Dwellarie Bell
Easy application process and fast approval
Reply from Best Egg
Nov 30, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Jennyacurnow
Calm and relaxing way to borrow $—thanks!!
Reply from Best Egg
Nov 30, 2020
The pleasure is all ours :)
SE
Process was fast, easy and understandable
Reply from Best Egg
Nov 30, 2020
Fast and easy is what we like to hear!
Richard Azzarone
Fast transparent equitable . Monthly payment options reasonable
Reply from Best Egg
Nov 30, 2020
Thanks for sharing, Richard!
Kimberly
I was able to complete my loan application in a matter of a few minutes and the best part was no phone call was involved as I am practically deaf.
Reply from Best Egg
Nov 22, 2020
Thanks so much for sharing your experience with us!
Paul Martinez
Best egg makes the loan process fast and easy!
Reply from Best Egg
Nov 22, 2020
Fast and easy is what we like to hear! Thanks for sharing!
ruth moreno
very good. concise and quick answer. Will recommend
Reply from Best Egg
Nov 22, 2020
Thanks for sharing your experience with us!
mark Slyguy
Prompt. Easy. Polite. And let's not forget helpful in a hard spot.
Reply from Best Egg
Nov 22, 2020
We are pleased to hear we made it easy for you! Thanks for sharing!
Laura Garza
This is my go-to for loans. I am always selected with an amazing interest & APR rate. Easy to pay, easy to check your rates, easy, quick application & funding. I definitely recommend Best Egg to anyone who is looking for a manageable loan.
Reply from Best Egg
Nov 22, 2020
We are pleased to hear we made it easy for you!
X-Wing King
Very helpful and very patient Thank you
Reply from Best Egg
Nov 22, 2020
We are glad we could help! Thanks for sharing!
S. Atkins
Great Company with an easy application process.
Reply from Best Egg
Nov 22, 2020
We are pleased to hear we made it easy for you!
Kenny Wright
I like the quick and easy application process.
Reply from Best Egg
Nov 18, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Clarence Strassburger
Process was very easy to access and give information necessary to complete form.
Reply from Best Egg
Nov 18, 2020
We are thrilled to hear we made it easy for you! Thanks for sharing!
Rebecca DIllman
Awesome. Good rates. This is my second loan. No fuss very fast approval!
Reply from Best Egg
Nov 18, 2020
We are glad to have you back! Thanks for sharing!
Kimberly
Very easy to use and navigate, quick to process
Reply from Best Egg
Nov 18, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Janette Martinez
Very thorough, smooth process and very timely quick approval. No hassles. I am thankful for this company.
Reply from Best Egg
Nov 18, 2020
Thanks so much for sharing, Janette!
Denise
The application process was so simple to understand and fill out. Approval was immediate. I recommend Best Egg if you need a loan.
Reply from Best Egg
Nov 18, 2020
We are thrilled to hear we made it simple for you!
John McCollom
We have used them before and it's as painless as any loan we have ever gotten. I would definitely recommend them !!!
Reply from Best Egg
Nov 16, 2020
Thanks for sharing, John!
George Noble
Very quick and easy application process.
Reply from Best Egg
Nov 13, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Damien Rhodes
Best costumer care I have seen in a long time and very fast.
Reply from Best Egg
Nov 13, 2020
That is wonderful to hear! Thanks for sharing!
Lora
This process literally took 10 minutes if that! I’m amazed!
Reply from Best Egg
Nov 13, 2020
Thanks for sharing your experience!
T Curry
Very easy application. Quick decision. I like the direct deposit of the funds. I work for a financial institution and did not want to take a check in to deposit. I don't need all my co-workers to know my business. Also, the ease of auto deduct. I'm on a mission to get rid of credit card debt once and for all! Thanks, Best Egg!! Tammy
Reply from Best Egg
Nov 13, 2020
The pleasure is all ours :)
Kirke Wright
Very easy to sign up. This is my second personal loan with this company.
Reply from Best Egg
Nov 13, 2020
We are glad to have you back!
Christine
I had gotten a 10k loan through best egg last year and it was really helpful to start consolidating debt. I was able to start school and put it in my credit card, which had a much better rate than having to take out a school loan! I'm now half way through with school and took out another loan to cover what was left on my initial loan plus what is currently on my credit card from school. I plan to use them going forward. They are quick and easy and definitely helped us consolidate! Thank you!
Reply from Best Egg
Nov 09, 2020
We are thrilled to hear everything was quick and easy! Thanks so much for sharing your experience with us!
Judithm58
It’s quick easy and the times I’ve had to call everyone is soo pleasant!!!
Reply from Best Egg
Nov 09, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Rochelle Somerville
Unbelievably quick and easy - a pleasure to work with.
Reply from Best Egg
Nov 09, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Leslie Landriani
WOW was that easy directions were simple to follow I love your company
Reply from Best Egg
Nov 09, 2020
Thanks for sharing! That means a lot!
mcjay
Was just approved for my second loan. This is the best company to go through for any loan needs. Never had any issues and they fund the money quickly. Very straightforward and clear on terms and fees. No surprises, exactly as they stated. Lower interest than any other companies I checked with. When I got my first loan I had sub par credit and still got a good interest rate and was approved immediately. Thank you, Best Egg, for allowing me to get my credit back on track and pay down my debt.
Reply from Best Egg
Nov 09, 2020
We are glad to have you back! Thanks for sharing!
Desiree
Securing a loan with Best Egg was quick, easy, and painless. I will definitely recommend Best Egg to any of my friends or family members who are looking to obtain a loan
Reply from Best Egg
Nov 04, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Tina
This was so quick and easy. Never thought it would be that easy. Didn't except to have such a big amount that was approved. I would recommend Best Egg to anyone that needs a little help with their debit.
Reply from Best Egg
Nov 04, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Eliotte bazin
Looking for a personal loan can be a daunting task but Best Egg made it extremely easy and quick. The Best Egg allows to interact with professionals who look to educate their customers and provide viable options.
Reply from Best Egg
Nov 04, 2020
Thanks so much for sharing! Quick and easy is what we like to hear!
Yolanda
The entire process was the easiest and best experience I’ve ever had acquiring a loan. You are much appreciated!
Reply from Best Egg
Nov 02, 2020
We are so thrilled to hear you had a great experience! Thanks so much for sharing!
Michael Cozzolino
This was amazingly easy to navigate and so smooth! Did it through my phone while relaxing on my couch. Thank you Best Egg!
Reply from Best Egg
Nov 02, 2020
The pleasure is all ours :)
Jefe
This was the simplest loan process, easy input, fast approval!!!
Reply from Best Egg
Oct 29, 2020
Simple, easy, and fast is what we like to hear! Thanks for sharing!
Pekeiydra Williams
Loan was approved within minutes and the customer service was great. The interest rate was reasonable. I definitely recommend them.
Reply from Best Egg
Oct 29, 2020
Thanks so much for sharing!
Kpd12
Super simple and definitely helps out when it's much needed during this time.. Thank you very much!!
Reply from Best Egg
Oct 29, 2020
The pleasure is all ours :)
Margaret Woodard
Great, very easy to apply, friendly customer service, low percentage
Reply from Best Egg
Oct 29, 2020
We are pleased to hear everything was easy! Thanks for sharing!
Beth Santos
hello it the best bank ever for me and is affordable to pay I really love it and i do recommend this bank
Reply from Best Egg
Oct 29, 2020
Thanks so much for sharing!
Faith Ferguson
I like Best Egg; I only dislike the current interest rates.
Reply from Best Egg
Oct 29, 2020
Thanks so much for sharing!
Teresa Hamel
BEST EGG is the quickest, easiest most streamlined loan process EVER !! This is my 3rd loan thru them. They offer me the best rates available and offer 3 or 5 year loans. THANK U !!!!
Reply from Best Egg
Oct 29, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Kasee Morgan
Don't give up if you get denied from other companies because I'm so happy I came across Best Egg! I got approved within a day and money sent to my account in two days!! The process was quick and easy, and the customer service was wonderful!! Thank you for my loan!
Reply from Best Egg
Oct 29, 2020
If you're happy, then we're happy! Thanks for sharing!
Jmede
Best Egg gave me the best interest rates of any site and delivered my funds within a day. Excellent from start to finish!
Reply from Best Egg
Oct 29, 2020
Thanks for sharing your experience with us!
robert forbis
I liked the patience and understanding that those who worked with me made me comfortable as I was guided through the process. Also, they were professional and appeared to understand my dilemma to assist me in my decisions regarding the loan. I was pleasantly surprised how easy it was to obtain the loan and how quickly it was processed. I have nothing negative to say regarding my experience with Best Egg!
Reply from Best Egg
Oct 29, 2020
That is wonderful to hear! Thanks so much for sharing!
Marvin Dunseith
easy to deal with this is my second loan as easy as the first
Reply from Best Egg
Oct 29, 2020
We are glad to have you back!
Brandi Withers
Wow super easy process to consolidate credit cards at a lower interest rate. Thanks Best Egg!
Reply from Best Egg
Oct 29, 2020
The pleasure is all ours :) Thanks for sharing!
Nelson Pastor
I am very excited I never imagined that it was so simple with the best eggs to solve the consolidation of my debts,. Thank Best Egg I will always recommend you as part of the SOLUTION!!!!
Reply from Best Egg
Oct 29, 2020
The pleasure is all ours :) Thanks for sharing!
BucSao
This is my second loan. So fast and easy. Best interest rate that works with my income.
Reply from Best Egg
Oct 29, 2020
We are glad to have you back! Thanks for sharing!
Nelda
Loan was quick and very easy. My acceptance was very fast and efficient
Reply from Best Egg
Oct 29, 2020
Quick and easy is what we like to hear! Thanks for sharing!
TCP
Quick & easy application process. Very happy.
Reply from Best Egg
Oct 24, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Erick Hernandez
It was an easy catch. The verification was hassle-free. Thanks!
Reply from Best Egg
Oct 24, 2020
The pleasure is all ours :)