Best Egg Personal Loans Review for 2025

Best Egg is a respectable online lending company providing personal loans to borrowers in the US. Since its founding in 2014, Best Egg has funded over $14 billion in loans and thus helped many people get the money they need.

Best Egg Overview

Best Egg is an online financial platform with headquarters in Wilmington, Delaware. Its lending process is quick and straightforward, and borrowers can apply for a loan directly on the company's website. 

Best Egg offers unsecured personal loans up to $50,000, with annual percentage rates (APRs) starting at just under 6%. Repayment terms, loan amount, and even availability of loans may vary depending on your location. 

Customer testimonials are full of clients singing praises of the company’s fast turnaround times; most loans are approved within minutes and funded within a few days. Best Egg also has a user-friendly website with clear explanations of all the terms and conditions.

Some of the stand-out features include a flexible due date, FICO score access, and Direct Pay capabilities. It also offers a 0.25% interest rate reduction for automatic installments.

If you are looking for a personal loan and have a good credit history, Best Egg is one of the best options. If you are looking for a smaller loan amount, you can't go wrong with Best Egg, as it offers loans starting at $2,000. Their rates are also very competitive. 

How Does Best Egg Compare to Other Lenders?

Best Egg is not the only company out there, so let's compare it to some of its major competitors.

Best Egg vs. Upgrade

Upgrade is a financial institution offering loans from $1,000 to $50,000, with APRs starting at 7.96%. It was established in 2017 and has since serviced over 1,000,000 customers with more than $12 billion. Like Best Egg, Upgrade has an interest rate reduction for automatic payments and flexible due dates. 

Both companies also provide customers with FICO score access and have a transparent fee structure and fast funding approval. With Upgrade, you have the option to choose your monthly payment amount. However, Best Egg would be better if your credit score is lower. 

Get Upgrade rates

Best Egg vs. Prosper

Prosper is a personal loan company offering loans from $2,000 to $40,000. Its annual percentage rate starts at 7.95%. The company has been in business since 2005 and is known for low credit score requirements, no prepayment fees, and reliable and fast customer support. 

Prosper has an interest rate reduction for automatic payments and flexible due dates like the previously mentioned companies. The company also offers FICO score access to borrowers and has transparent fees.

Both Best Egg and Prosper are good options for borrowers who need a personal loan quickly and have a good credit history. They also have a similar interest rate and transparent fee structure. However, Best Egg is the better option if you are looking for a more significant loan amount, as Best Egg loans go up to $10,000 higher. 

Get Prosper rates on Bankrate

Best Egg Loan Types

Let's look at some other types of loans you could secure through Best Egg.

Debt Consolidation

Next, we have the debt consolidation loans. If you struggle to make all of your monthly payments on time, consider this option. The lender offers debt consolidation loans for borrowers who need to combine multiple debts into one loan. 

Debt consolidation loans from Best Egg come with a fixed interest rate and a fixed monthly payment, so you will know exactly how much you need to pay each month and when you will pay off the loan.

Credit Card Refinancing

Best Egg offers credit card refinancing loans to borrowers who want to pay off its high-interest credit cards and get a lower interest rate.

Credit card refinancing loans from Best Egg also have a concrete term, fixed interest rate, and a fixed monthly payment.

Home Improvement Loans

Best Egg offers home improvement loans to those who need to renovate or repair their home. 

Home improvement loans from come with a fixed interest rate and a fixed monthly payment, so you will know exactly how much you need to pay each month and when you will pay the loan off.

Best Egg’s home improvement loans are also available to those with less than ideal credit history, so even if you are struggling, you still have a chance of getting a loan.

Moving Loans

If you're about to move and need to finance your move, you can check out Best Egg moving loans, designed to help you cover all your moving-related costs. You can use these loans to cover various moving costs, such as hiring movers, buying packing supplies, renting a moving vehicle, and moving insurance.

You don't necessarily need to open an account to check the rates and terms. You can view the rates and terms without creating an account. All you need to do is enter the amount of money and the loan reason, choose the amount of money you are willing to pay, and answer a few questions about your employment and credit history, and you will be able to see the quote.

Best Egg moving loans offer interest rates that range from 5.99% to 35.99%, with loan amounts ranging from $2,000 to $35,000. They come with three or five-year terms and no prepayment penalties for paying off your loan early without penalty.

Other Loan Types

Besides all previously mentioned types of loans, the Best Egg also has personal loans for a variety of different purposes, such as:

• Vacation loans
• Loans for special occasions (weddings, birthday celebrations, and family reunions)
• Baby and adoption loans

When you're looking for a loan, it's important to understand the terms and conditions of the loan before you apply. If you're still unsure which type of loan is best for you, visit the company's website or speak to one of its representatives. They will help you find the right loan for your needs.

Best Egg Application Process and Requirements

The application process is simple and easy. You can apply online in minutes as there are only three steps:

• Pre-approval: The first step is pre-approval, where you will provide some basic information such as your name, address, and contact information. Once you do that, you will receive a pre-approved offer, which is great for those who want to check the loan rate without affecting their credit scores.
• Apply: The next step is to apply, where you will provide more detailed information about yourself. This part of the process requires you to provide some of your contact and financial information, so be sure to have that handy.
• Get approved: The final step is to get approved, which is where you will find out if you are accepted for the loan. If you are, you can fund your loan and receive your money within a few days as soon as you verify your information.

When it comes to credit score requirements, there are a few simple conditions that you must meet to be eligible for a loan.

• For favorable loan rates, it’s best if you have a good credit score. According to some experts, if you have a score of 700 or higher, there is a good chance you will be accepted for a loan.
• In addition to this, you also need to have a low debt-to-income ratio. This ratio is calculated by dividing your monthly debt payments by your monthly income, and it shouldn't be higher than 36%.
• Another important thing about requirements is that you must have a steady source of income.

Final Thoughts

Applying for a loan and borrowing money can be overwhelming, with many options available. Best Egg is an excellent option for those looking for personal loans, as it has competitive interest rates, fixed monthly payments, and no prepayment penalties.

You can use these loans for various purposes, and the application process is simple and easy.

Just ensure you meet the basic eligibility requirements, and you're good to go.