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.
Learn MoreStar Rating
8,308 Reviews
Review Breakdown
Sentiment Criteria
Lee Hutton
Only company to approve my $35K loan request despite having 0 derogatory marks on my credit since opening my first credit card over 10 years ago. Thank you BestEgg for the amazing service, quick dispersement of the funds, and clear guidelines of what I would receive and pay!
Reply from Best Egg
Oct 24, 2020
The pleasure is all ours :) Thanks for sharing!
Penny Huber
So far it has been easy to complete hopefully experience will continue to be good
Reply from Best Egg
Oct 24, 2020
Thanks for sharing, Penny!
Scott Webb
Quick and thorough application. Hit a snag in filing out application but it was quickly taken care of.
Reply from Best Egg
Oct 24, 2020
Thanks for sharing, Scott!
Gerald Marin
Consolidating some debt. The process to apply for this loan was quick and easy.
Reply from Best Egg
Oct 24, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Cynthia williams
This is my second loan with Best Egg and my funds were deposited in my account in as little as 2 days with the best rates . Thanks Best Egg.
Reply from Best Egg
Oct 24, 2020
We are glad to have you back! Thanks for sharing!
Another Satisfied Customer
This was a very simplified process. I like having several options and repayment terms to choose from.
Reply from Best Egg
Oct 24, 2020
We are pleased to hear we made it simple for you! Thanks for sharing!
Jacklyn g condreay
It is easy to apply and access the.w ebsite
Reply from Best Egg
Oct 24, 2020
We are thrilled to hear it was easy! Thanks for sharing!
rlwgr2011
Best customer service! They followed-up on every step. It was a pleasure working with them.
Reply from Best Egg
Oct 24, 2020
Thanks for sharing! That means a lot!
Bryan Stickle
Very fast at approvel one thing you should let a person know that your fee will come out of the loan that is deposited I might have borrowed more to take of it . But all and all Thank You !!!
Reply from Best Egg
Oct 19, 2020
The pleasure is all ours :) Thanks so much for sharing!
Alex GILES
They gave me several options ,the process was fast and easy.
Reply from Best Egg
Oct 19, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Kelley Phillips
Fast, easy online application. Result/approval very fast. Happy with interest rate. Would highly recommend.
Reply from Best Egg
Oct 19, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Y. Frazier
This is only my second loan with Best Egg. I am very please with your service and how fast it was to apply for a second time. Thank you Best Egg!!
Reply from Best Egg
Oct 16, 2020
We are glad to have you back! Thanks for sharing!
Donald Smith
It was a very easy process to apply. Timely responds by Egg Best
Reply from Best Egg
Oct 16, 2020
We are pleased to hear we made it easy for you! Thanks for sharing, Donald!
KEB
Quick and easy. Answered a few questions and it was done!
Reply from Best Egg
Oct 16, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Thena Poteat
Easy, clear, fair, and reliable. Would recommend to anyone without hesitation.
Reply from Best Egg
Oct 16, 2020
Thanks so much for sharing and recommending us!
Andreea Grigorie
Extremely smooth process and great customer service!
Reply from Best Egg
Oct 16, 2020
That is wonderful to hear! Thanks for sharing!
Marchelle Adams
This is my 2nd loan . The process is pain free and easy. Customer service is friendly and helpful.
Reply from Best Egg
Oct 16, 2020
We are glad to have you back! Thanks for sharing!
Mpwell965
Easy to work with no hidden issues or fees
Reply from Best Egg
Oct 16, 2020
We are thrilled to hear we made it easy for you! Thanks for sharing!
William Beaver
Even though I do not do a lot of personal loans best egg is by far the most incredible company to deal with due to their professionalism and process I highly recommend this company
Reply from Best Egg
Oct 16, 2020
Thanks for sharing, William!
janet m haggard
My experience with bestegg was very positive. They gave me a loan when others wouldnt.
Reply from Best Egg
Oct 14, 2020
We are pleased to hear that! Thanks so much for sharing, Janet!
Richard L.
Best Egg is reputable, and makes the process painless and quick. Knowing that my debt has a near end-date, with so much less interest being paid over time, gives me a sense of relief.
Reply from Best Egg
Oct 14, 2020
Thanks so much for sharing, Richard!
Matt
Very easy to go through the process. And the results were quick
Reply from Best Egg
Oct 10, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Sarah Jones
Best Egg made it simple to get a loan. I appreciate them contacting me.
Reply from Best Egg
Oct 14, 2020
We are pleased to hear we made it simple for you! Thanks for sharing!
Kenneth Jones
App easy to understand and speed is excellent
Reply from Best Egg
Oct 10, 2020
We are thrilled to hear it was easy for you! Thanks for sharing, Kenneth!
Christine Lee Jones
quick and easy This is my second loan and I am thankful for it.
Reply from Best Egg
Oct 09, 2020
Quick and easy is what we like to hear! Thanks for sharing!
amy sarah marshall
so far so good! easy to apply. fair and transparent info.
Reply from Best Egg
Oct 09, 2020
We are pleased to hear we made it easy for you!
Teresa Hash
Great! Professional and easy to work with.
Reply from Best Egg
Oct 09, 2020
Thanks for sharing, Teresa!
byron webb
Fast and efficient service all done online which helped made it very easy!
Reply from Best Egg
Oct 09, 2020
We are glad to hear we made it easy for you! Thanks for sharing!
Frankie
I love best egg easy online process and if you need help there customer service people are great.
Reply from Best Egg
Oct 09, 2020
Thanks for sharing, Frankie!
nicole Glover
The company was well equipped with responding to my applications and getting my loan approved.
Reply from Best Egg
Oct 09, 2020
Thanks so much for sharing, Nicole!
gurudhan khalsa
Fast, efficient. Application easy to use
Reply from Best Egg
Oct 05, 2020
Fast and easy is what we like to hear!
John Adewumi
The soft ware is easy to navigate and processing is fast .
Reply from Best Egg
Oct 02, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Vlopez
I was really impressed with Bes Egg online experience. I have been planning for a while and looking for best deals. I recently had an emergency and had been turned down before so I ended up with another agency. I will say it again, Best Egg is the BEST Egg, this will help to get back on track and the payments will be lower than I was making. With a new grandson who just arrived and my son and daughter in-law furloughed, some of this money will be spent modifying our living space for baby!
Reply from Best Egg
Oct 01, 2020
Thanks so much for sharing! We are glad we could help!
eringojim
I was just approved for my 2nd unsecured personal loan after being denied an Home Equity Loan from a an institution I've banked with for nearly 20 years. Best Egg's process is quick, efficient & fair. I would be hard pressed to take such a loan elewhere after the experience of two loans with Best Egg. Highly recommend!
Reply from Best Egg
Oct 01, 2020
We are pleased to hear everything was quick, efficient, and fair! Thanks for sharing!
Bobbie Marshall
Great. Easy to work with. Fast and efficient
Reply from Best Egg
Oct 01, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Sonofwill44
Very easy and helpful. Rates are competitive and helped us reduce high credit card payments.
Reply from Best Egg
Oct 01, 2020
Thanks for sharing!
Tkenn
I received a great loan offer from Best Egg via Experian and it was simple and quick start to finish.
Reply from Best Egg
Oct 01, 2020
Simple is quick is what we like to hear! Thanks for sharing!
Amy
Best Egg has been one of the easiest companies to work with.
Reply from Best Egg
Oct 01, 2020
We are thrilled to hear everything was easy! Thanks for sharing!
Charlie Bowen
Fast and easy process. I highly recommend using Nest Egg.
Reply from Best Egg
Oct 01, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Charles
Very expedient results, I had my cash very fast to consolidate debt and improve my home. Very reasonable rates compared with other loan companies and fees were not high as well. Highly recommend this BEST Company!!
Reply from Best Egg
Oct 01, 2020
Thanks so much for sharing, Charles!
April
It is a fast and easy process to apply for a loan
Reply from Best Egg
Oct 01, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Thomas Quinn
Very easy and fast Great Could not believe how easy
Reply from Best Egg
Oct 01, 2020
Fast and easy is what we like to hear! Thanks for sharing!
David Palmer
Highly recommend. Very nice experience. Easy to apply
Reply from Best Egg
Sep 28, 2020
We are pleased to hear it is easy for you! Thanks for sharing!
Rosemary Perez
Best Egg provided me all the details of the loan as well as a visual calculator to truly understand everything from interest rates to pay off information. I felt so confident moving forward because they had provided so much documented and transparent information. I highly recommend Best Egg. A++
Reply from Best Egg
Sep 28, 2020
That is wonderful to hear! Thanks for sharing!
Sherri Showa
My three loan with Best Egg, and so fast and simple! I love the rates I get!
Reply from Best Egg
Sep 28, 2020
Fast and simple is what we like to hear! Thanks for sharing!
Rocio Rodriguez
I have taken out several loans with Best Egg. They are absolutely amazing.! Quick, easy and great customer service. The rates are always lower than other companies. I've been very happy and will continue to use this company
Reply from Best Egg
Sep 25, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Kathleen Joy Parreno
User friendly and gives their customer a fair quote for personal loans
Reply from Best Egg
Sep 25, 2020
Thanks so much for sharing!
Jeremiah Stout
Approved quick and easy. Getting rid of credit card debt will make this easier for my family. Thank you
Reply from Best Egg
Sep 25, 2020
Quick and easy is what we like to hear! Thanks for sharing!
csegeln
Incredibly easy to go through application wizards for pre-approval and the loan. Would like to see/know if there is a mobile app to monitor and manage account.
Pavel
Easy application process, no hidden fees. Great rates. It's my 3rd time borrowing from Bestegg. Compared to other companies I've dealt with Bestegg is by far the best one.
Reply from Best Egg
Sep 25, 2020
We are glad to have you back, Pavel! Thanks for sharing!