Best Egg vs Achieve Personal Loans
Best Egg and Achieve Personal Loans are ranked neck and neck on Bestcompany.com as the top one and two best personal loan companies in the industry. Both companies get glowing customer reviews and have similar features, yet there are a few defining characteristics that make them very different. Below are the defining characteristics that you should pay attention to:
- States that support its services
- Credit score minimums
- Prepayment perks
- Ability to cosign
- Loan amounts
Overview
Best Egg
$2,000
$50,000
36–60 Months
600
Percentage
Neither
11 Years
Achieve Personal Loans
$5,000
$50,000
24–60 Months
620
Percentage
Co-borrower
21 Years
Ratings
Best Egg
Achieve Personal Loans
Reviews
Best Egg
Reviews
Achieve Personal Loans
Reviews for Best Egg
Helpful Favorable Review
Sarah Jon
December 11th, 2024
DETAILS
Review Source
Streamlined ease, almost feels too freeing to be true. However, I had one loan that I finished paying off already, which gave me the confidence to take out another with a more hopeful view. On a separate note--purely emotional and merely from the heart--a great concept of a name for the loan brand. If there was a way to reduce the overall fees by paying off the debt early, I would even add a 6th Star if that was possible.
Helpful Critical Review
Harley Be
November 14th, 2023
Charlotte, NC
I thought it was instant deposit or that's what the credit Karma ad stated. The website was quite hard to navigate promoting me to call customer service for assistance. I might update my review later but for now I'm perplexed.
Reviews for Achieve Personal Loans
Helpful Favorable Review
Amanda de Bara
December 19th, 2023
Poughkeepsie, NY
The woman who helped me, Kat, was amazing. She was supportive, understanding and very knowledgeable. She helped me step by step the whole way through and even taught me things about interest and cc I didn't know or haven't though of before.
Helpful Critical Review
Teri McIntosh
December 21st, 2023
Boston, MA
DETAILS
Review Source
Our loan representative did not listen, but constantly interrupted our questions. It was not made clear that we did not have 3 days to rescind the loan. And when we tried we could not get to a person for 3 days, only emails and left phone messages. Will never use again.
The Final Word
Overall, Best Egg and Achieve Personal Loans offer very similar personal loans services with both thriving in customer service, ease, and transparency. Both companies are great options for those looking to get approved for a personal loan; however, there are a few small differences that may sway your opinion to do service with one company over the other. Here are the main differences between Best Egg and Achieve Personal Loans:
Credit Score Requirements
For those who don't have impeccable credit, Achieve Personal Loans and Best Egg are both great options. Comparatively, these two companies have some of the most competitive credit score limits in the industry.
Achieve Personal Loans has a credit score minimum of 620 whereas Best Egg requires a 640. These two minimums are close, but ultimately Achieve Personal Loans is the better option if your credit is below a 640.
Prepayment Fees
Some personal loan companies will penalize borrowers for trying to pay off their loan early — an obvious frustration for those who have the money and the drive to get ahead of their payments.
Achieve Personal Loans and Best Egg do not charge prepayemnt fees; however, Best Egg has a great benefit for those who do want to pay off their loan early.
Borrowers at Best Egg can receive a reduced rate if they make a consistent effort to pay off their loans early. This is a huge benefit to those who are aggressively trying to pay off their debt.
It should be noted that Achieve Personal Loans gives the option to lock in interest rates, helping borrowers to not get tripped up in bigger interest rates down the road.
Customer Reviews
You won't find many complaints against Best Egg or Freedom Plus because customer reviews are extremely positive for both. Thousands of customer reviews give these companies 5/5 stars. Here on Best Company, we pulled the thousands of customer reviews to give you a rating break down for both companies:
Best Egg
- 5 star: 91%
- 1 star: 1%
Achieve Personal Loans
- 5 star: 80%
- 1 star: 6%
Clearly, these reviews reveal that the majority of customers felt pleased with their interatctions between both Best Egg and Achieve Personal Loans.
Cosigners
Achieve Personal Loans does allow you to cosign with someone when you apply for a loan. This is a great benefit to you, the borrower, because you will most likely be offered slightly lower interest rates or other money saving benefits. These type of benefits are common because lenders see cosigning as a form of security. Putting two people under the shared responsibility of the loan repayment adds more security compared to a single borrower taking all the responsibility for the loan.
Best Egg does not allow cosigners for its personal loans, but it does allow you to make payments based on your household income instead of just individual income.
Limited Services in Certain States
Achieve Personal Loans is able to offer loans in 35 states whereas Best Egg services 47 states and the D.C. area.
For a more comprehensive look at Best Egg and Achieve Personal Loans, click on the company's name below to discover which company is right for you.
