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Best Egg: Personal Loan Review

Updated: August 3, 2022

The basics

Estimated APR

5.99% - 35.99%

Min. Credit Score

640+

Max. DTI Debt to Income Ratio

40%

Origination Fees

0.99% - 5.99%

Late Penalties

$15

Prepayment Fees

$0

Good for: Low min. APR for bad credit score

Our verdict

Best Egg offers a quick turnaround; funding may be available as soon as the next business day. While there's no prepayment penalty, there are origination and late fees. Plus, you'll need a six-figure income to get the lowest interest rate, and Best Egg personal loans don't allow cosigners or co-borrowers.

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Beyond the basics

Fast funding
Quick application process

No prepayment penalty

Fixed payments

Loan Amounts

$2,000 to $50,000

Loan Terms

36-60 months

Time to Funding

1 business day

Full review

Lender description Best Egg personal loans are designed to give borrowers an easy, hassle-free borrowing method to access money when they need it. Borrowers 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
  • Credit card refinancing
  • Home improvement
  • Moving expenses
  • Large purchases
  • Vacation
  • 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 co-borrowers
  • Charges origination and late fees
  • High income 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 Best Egg reviews personal information provided in your loan application, information about you provided by credit bureaus—including your credit score—and your debt-to-income ratio to decide if you qualify for a loan.

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

Footprint Best Egg is available in all states except Iowa, Vermont, West Virginia and District of Columbia.

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.

Get Offer for Best Egg Personal Loan

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