Best Egg: Personal Loan Review

Personal LoansPersonal Loan ReviewsBest Egg

Best Egg:
Personal Loan Review

The basics

Estimated APR

6% – 18.2%

Min. credit Score


Max. DTI Debt to Income Ratio


Origination Fees

0.99% – 6.99%

Late Penalties


Prepayment Fees


Good for: Lowest APR cap for good credit score

Our verdict

Best Egg offers a quick turnaround, with funding available as soon as the next business day. While there’s no prepayment penalty, there are origination and late fees. Plus, you’ll need an income of at least $100,000 to get the lowest interest rate, and Best Egg personal loans don’t allow cosigners or coborrowers.

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Beyond the basics

Fast funding
Quick application process

No prepayment penalty

Fixed payments

Loan Amounts

$2,000 to $35,000

Loan Terms

36-60 months

Time to funding

1 business day

BBB Rating



J.D Power 2019 U.S. Personal Loan Satisfaction Study, Customer Satisfaction Index


Full review

Lender description Best Egg personal loans are designed to give lenders an easy, hassle-free borrowing method to access money when they need it. Lenders can access funds by the next business day, will have a fixed APR for the life of the loan, and won’t face prepayment fees.

Best used for

  • Debt consolidation
  • Home improvement
  • Moving expenses
  • Car repairs
  • Vacation
  • Medical expenses
  • Special occasions
  • Baby and adoption

Pros & cons

  • Quick approval and funding within one business day
  • No prepayment fees for paying off your loan early
  • Option to change payment date
  • Doesn’t allow cosigners or coborrowers
  • Charges origination and late fees
  • High income ($100,000/year) required for best interest rates

Most suitable for

  • Consumers with a high annual income
  • Individual loan applicants
  • Consumers looking for funding by the next business day
  • Consumers looking for more than one loan at a time

How to qualify You’ll need a FICO score of at least 700 and/or a VantageScore of at least 640 as well as a debt-to-income ratio under 30%.

How to apply Apply online. You’ll need to verify basic information like your identity, address, and income.

COVID-19 resources Best Egg has a page dedicated to coronavirus updates and resources. Best Egg also has a survey for those who have been personally impacted by COVID-19.

Footprint Best Egg is available nationwide.

Loan example A five-year, $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a three-year $5,000 loan with 5.99% APR has 36 scheduled monthly payments of $150.57.