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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8,268 Reviews
Review Breakdown
Sentiment Criteria
scott strasma
it was easy and quick. helped us out in a need of time. they are truly amazing. thank you best egg so much.
Reply from Best Egg
Aug 27, 2020
Quick and easy is what we like to hear! Thanks for sharing, Scott!
Robert Edmonds
Excellent and very easy to work with. Highly recommended.
Reply from Best Egg
Aug 25, 2020
We are pleased to hear we made it easy for you! Thanks for sharing!
Kenneth L. Toll
Thank you for servicing this account. I had good results the last time I needed help. It was quick and easy
Reply from Best Egg
Aug 25, 2020
The pleasure is all ours :) Thanks for sharing!
Jonathan D'Ambrosio
Fast, simple and painless! This is the best loan experience I have ever had.
Reply from Best Egg
Aug 25, 2020
Fast and simple is what we like to hear! Thanks for sharing!
Jeanne
This is the second time I've used Best Egg and it is super simple and fast. I shopped around and Best Egg had the best rates and since I was familiar with the great service I went with them again.
Reply from Best Egg
Aug 25, 2020
We are glad to have you back! Thanks for sharing!
Alexandra St. Amant
Easy process! I’ve had a loan with them since 2018 and I’m planning to use this one to pay it off and consolidate our credit cards and during a time when things are so uncertain and stressful, this was truly the best experience I’ve had getting a loan (aside from the high interest rate even though my credit is excellent, my credit card use is only 17% and I’ve had a loan with them in good standing for two years with no late payments or over drafts).
Reply from Best Egg
Aug 25, 2020
We are thrilled to hear we made it easy for you! Thanks so much for sharing your experience with us!
David Kolbenschlag
This is my second loan from Best Egg after paying off first loan. Never a problem with Best Egg! Great service. Great value. Quality perfect. Very trustworthy company
Reply from Best Egg
Aug 27, 2020
Thanks so much for sharing your experience!
andrea sexton
Fast fast fast!!! Both the process and receiving the funds. Highly recommend
Reply from Best Egg
Aug 20, 2020
Thanks for sharing your experience with us!
Kyle
The process is smooth and easy. I was given options on amounts and payment lengths. I appreciate the ease and speed of Best Egg!
Reply from Best Egg
Aug 20, 2020
Smooth and easy is what we like to hear! Thanks for sharing!
Diana Heyburn
I had to call customer service to lower the amount I wanted to request. Although the customer service rep was very helpful, it would have been nice if I could have done it through the app instead but it would not let me start over with a lower amount.
Reply from Best Egg
Aug 20, 2020
We are glad to help! Thanks for sharing!
Rob DeGrazia
Extremely easy, very professionally done! Very nice experience
Reply from Best Egg
Aug 20, 2020
We are pleased to hear we made it easy for you!
Pat
The loan process was smooth. Felicia B., the customer service representative, was very professional. The rate was the best offered of several available. The whole approval process was efficient and swift.
Reply from Best Egg
Aug 20, 2020
That is wonderful to hear! Thanks for sharing!
Donald
Easy to deal with ! Interest rate seems to fluxuate often !
Reply from Best Egg
Aug 20, 2020
We are pleased to hear we made it easy for you! Thanks for sharing!
LR
The process was very easy, straight forward and hassle free, I recommend that anyone give best egg a chance for their financial needs
Reply from Best Egg
Aug 18, 2020
Thanks for sharing your experience with us!
Santiago Echeverry
Excellent Service Best Egg; Great Rates, Very Quick Response!
Reply from Best Egg
Aug 18, 2020
Thanks for sharing!
Courtcopphil
The entire process is streamlined, I was very happy with every step along the way.
Reply from Best Egg
Aug 18, 2020
If you're happy, then we're happy! Thanks for sharing!
Paul Voss
I was impress on how responsive they were and keeping me informed. Very accommodating and a real pleasure to deal with.
Reply from Best Egg
Aug 18, 2020
Thanks for sharing, Paul!
Douglas McGowan
Quick and easy. Great communication and simple to work with.
Reply from Best Egg
Aug 17, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Rose'lani Kane
Fast and painless! Needed a loan to start a business and they came thru very quickly. Very high interest rate, but it's unsecured, so I get it.
Reply from Best Egg
Aug 17, 2020
Thanks for sharing!
Timothy S Brown
This is the second loan I have requested from Best Egg. I received and repaid the first one as agreed. Best Egg acknowledged this relationship by offering a second loan, which is perfect for my situation. They showed an interest in the relationship by making contact. I appreciate that.
Reply from Best Egg
Aug 17, 2020
We are glad to have you back! Thanks for sharing!
Tom Delvecchio
Streamlined loan application process. There were only a few short forms to fill out that were easy to follow. Virtually instant approval and only 1 to 3 days for funds to be direct deposited into checking account.
Reply from Best Egg
Aug 13, 2020
We are pleased to hear we made it easy for you!
SCOTT WESTGATE
It was a great experience fast and easy thanks it will help me alot.
Reply from Best Egg
Aug 11, 2020
Fast and easy is what we like to hear! Thanks for sharing!
Bob Hampton
The application is a straightforward process.
Reply from Best Egg
Aug 11, 2020
Thanks for sharing your experience with us!
Badpe48
As a current customer, this additional loan application was quick, straightforward and simple. Everything was handled online. The instructions were very clear and easy to follow. Approval was issued in less than a day. I would definitely recommend Best Egg to anyone needing a loan.
Reply from Best Egg
Aug 11, 2020
Simple and quick is what we like to hear! Thanks for sharing!
Fred Lowell
Easy hassle free process everytime. Love the auto pay option. Makes life so simple.
Reply from Best Egg
Aug 05, 2020
We are glad to hear we made it simple for you!
Shelcree
Service was friendly and timely. Got answers within a day. Highly recommend !
Reply from Best Egg
Aug 05, 2020
Thanks for sharing your experience!
Benh
Easy transaction and very pleasing experience
Reply from Best Egg
Aug 05, 2020
We are glad to hear we made it easy for you! Thanks for sharing!
Patricia Ruf
you are very professional but yet you are concerned about the client and are quick to the point!
Reply from Best Egg
Aug 04, 2020
Thanks for sharing, Patricia!
Lynne DeVault
So easy. I am so appreciative for Best Egg that you don't have to go through tons of paper work to secure the loan. After having a Best Egg Loan, they know they can count on me to pay them back.
Reply from Best Egg
Aug 04, 2020
We are pleased to hear we made it easy for you! Thanks for sharing!
roger brown
Great company to work with. Easy application and fast approval.
Reply from Best Egg
Jul 31, 2020
Thanks for sharing, Roger! That means a lot!
Linda Bonogofski
I have another loan with best egg and I have had a very good experience. The website is as usual, very user friendly. Thank you for the great service
Reply from Best Egg
Jul 31, 2020
The pleasure is all ours :)
Dennis
Ease if application and no pushy salesman
Reply from Best Egg
Jul 31, 2020
Thanks for sharing, Dennis!
Barbara F Baehr
I am 71 years old and not very computer literate. I have attempted 3 loan offers prior to this and have given up on each because I could not link the things they needed or photo and send others. This was the easiest loan I have ever applied for and I am confident in its security. Thank you for making things easy for those of us who did not grow up with a smart phone in their hands!
Reply from Best Egg
Jul 31, 2020
We are so glad we could make this easy for you!
David Mcnally
Wonderful lending company . Fast , easy and the rate was fantastic . Would recommend to friends. David
Reply from Best Egg
Jul 30, 2020
Fast and easy is what we like to hear! Thanks so much for sharing and recommending us!
lenrock
Incredible! Very quick, very professional, very easy to deal with.
Reply from Best Egg
Jul 30, 2020
We are pleased to hear we made it easy for you!
Jesús M
The process was easy and the response was quick.
Reply from Best Egg
Jul 30, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Joyce Chester
My experience has always been respectful, pleasant and very easy when dealing with Best Egg and their customer service.
Reply from Best Egg
Jul 30, 2020
That is wonderful to hear! Thanks for sharing, Joyce!
Michael M
This loan experience has been the quickest I’ve ever had. It started with a soft pull on your credit to give time to understand your own situation. Everything was quick an easy. No hassles or difficult processing. Thanks!!!
Reply from Best Egg
Jul 28, 2020
Quick and easy is what we like to hear! Thanks for sharing!
jim powell
Fast easy service, The process was very quick and they kept me updated throughout the process.
Reply from Best Egg
Jul 28, 2020
Thanks for sharing! Quick and easy is what we like to hear!
Vantresa Scott
Applying is awesome. paying is awesome. Great experience.
Reply from Best Egg
Jul 28, 2020
We are pleased to hear you had such a great experience!
Black Diamond
You guys are the greatest!! I will forever do business and recommend you to everyone I know that needs your services
Reply from Best Egg
Jul 28, 2020
Thanks! That means a lot!
Tommie Ha
Quick and easy. Never had to worry about signing documents.
Reply from Best Egg
Jul 28, 2020
Quick and easy is what we like to hear! Thanks for sharing!
Cindy
I like that it is set up visually so that I can compare and get the loan that I need. Although the interest rate was a little high, Best Egg gave me the best rate out there for an unsecured loan. It was seamless and smooth.
Reply from Best Egg
Jul 28, 2020
Thanks for sharing your feedback with us!
LRD
Best Egg is quick easy reliable and the rates are extremely competitive. Thank you Best Egg!!
Reply from Best Egg
Jul 28, 2020
Quick and easy is what we like to hear!
Theresa
Best Egg makes the loan process very easy and they are very helpful during the process. Quick and easy!
Reply from Best Egg
Jul 28, 2020
We are glad we could help! Thanks for sharing!
Joe Scutella
Best Egg makes the loan process so easy, so simple and remarkably fast that I could hardly believe it was real. But real it is and I could not recommend it more.
Reply from Best Egg
Jul 28, 2020
Simple and fast is what we like to hear! Thanks for sharing!
Carol L. Dulaney
The application process was explained well. When contacting the staff, they were very helpful, professional and kind!
Reply from Best Egg
Jul 22, 2020
We are glad we could help! Thanks for sharing!
Clifford Miyake
Easy to apply for a loan. Processing is fast and with auto pay management of my debt service is seamless.
Reply from Best Egg
Jul 22, 2020
We are pleased to hear we made it easy for you! Thanks for sharing!
Cathryn Azinger
Just got my 4th loan. So easy! Thanks!
Reply from Best Egg
Jul 22, 2020
We are glad to have you back! Thanks for sharing!
Kris Towlerton
able to do completely online and simple application.
Reply from Best Egg
Jul 21, 2020
We are pleased to hear we made it simple for you! Thanks for sharing!