Best Egg Personal Loans Review for 2024

Advertiser Disclosure
Written By
G. Dautovic
September 22, 2023
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

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. 

In today’s Best Egg loans review, we’re taking a closer look at Best Egg and what makes it one of the best in the industry. We’ll also compare Best Egg with some of its competitors so you can make an educated decision on which lending company is best for you.

Loan amounts:
$2,000 - $50,000

APR range from 5.99% to 35.99%

Get Your Rate

Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Minimum Credit Score:
Loan Term:
Three to five years
Origination Fee:
Late Fees:
Loan Amount:
Prepayment Fees:
pros thumb up Strengths
  • Competitive interest rates
  • Loan amounts start at just $2,000
  • Low APR
  • No prepayment penalties
  • A straightforward application process
pros thumb up Weaknesses
  • High credit score requirements
  • Charges an origination fee

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 Best Egg’s loans may vary depending on your location. 

Best Egg reviews are filled with 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 Best Egg's 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 Best Egg debt consolidation review. If you struggle to make all of your monthly payments on time, consider a debt consolidation loan. Best Egg has 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.

Best Egg also provides debt consolidation loans, so even if you had trouble in the past, you still have a chance of getting a 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. Best Egg also has credit card refinancing loans.

Home Improvement Loans

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

Home improvement 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 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 a Best Egg 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 offered by Best Egg.

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 Best Egg'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 for a loan with Best Egg 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 and your loan for Best Egg to review. 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 Best Egg 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. It's important to do your research and review Best Egg loans and other companies to find the best fit. 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 Best Egg 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.


How often does Best Egg report to credit bureaus?


As well as other major companies in this field, Best Egg reports your credit history every 30 to 45 days. This is one of the ways it helps you build your credit score and improve your credit history.

How long after my loan is approved do I receive the money?


Once approved for your loan, the money is typically deposited into your bank account within one to three business days. This also depends on when you verify your information with Best Egg.

Does Best Egg have an app?


Yes, Best Egg has a mobile app you can use to manage your account and loans. You can also use the app to apply for a loan and check your rate.

Does Best Egg require collateral?


Best Egg does not require collateral for its unsecured loans. This means you do not need to put up your assets as security for the loan, which is excellent for those who don't have any assets. If you're interested in Best Egg personal loans, review the company's website and check out the rates and terms.