Best Egg Personal Loans Review 2022: Should You Sign Up?
Fast recording: Best Egg is a trusted unsecured personal loan provider that makes it easy for borrowers to consolidate and reduce the cost of high-interest credit card debt or access the financing they need for things like home and auto repairs. The company charges reasonable fees and cash accounts quickly.
- Customer service
How did we calculate that?
- Reasonable annual interest from 7.99% to 35.99%.
- Personal loans up to $50,000.
- Easy to check prices.
- Fast approval and financing process.
- Borrowers must pay a lending fee.
- No option to select due date.
- No promotional interest.
Overview of the best egg personal loans
Best Egg loans make it easy for borrowers with a credit score of 640 or better to access up to $50,000 of immediate financing. The company has grown into a popular option, earning a TrustScore of 4.7 out of 5 on TrustPilot and a BBB rating of A+ with a customer service score of 4.87 out of 5 on the platform as of October 28, 2022. Best Egg is one of the highest rated companies in its industry on BBB and TrustPilot, making it a strong option for anyone looking for a loan.
Popular options don’t become popular options just because they offer the same things that everyone else offers. They offer unique features and services that compel the masses to get involved. Here are the main features of Best Egg.
Best Egg loans are common because the company only requires a credit score of 640, which nearly three-quarters of the United States has, for approval. Of course, applicants must also have decent income and employment to be approved. Still, these loans are relatively easy to get as long as applicants meet minimum credit requirements.
The company charges APRs ranging from 7.99% to 35.99%, which is very competitive in the personal loan industry. Best Egg also charges a lending fee ranging from 0.99% to 8.99%. This fee depends on the amount of the loan and is deducted from the total amount when financing.
Best Egg’s customer service is among the best in the business, which is why the company has received high ratings on sites like TrustPilot and Better Business Bureau. Reading consumer reviews about the company reveals that the vast majority of its customers have been impressed with the speed and level of service they received.
Best Egg’s fees are based on what applicants typically expect when applying for a personal loan. Both interest and lending fees are competitive and there are no hidden fees to speak of.
How the best egg stands out
Best Egg features soft credit checks that allow applicants to see if they are approved before applying. This means that applicants who are not approved do not have to worry about their credit score being affected.
Best Egg’s main features are compelling for those interested in personal loans, but it’s not the only option available. Those who do not want to work with Best Egg should consider the following competitors:
Prosper is a peer-to-peer lending platform that offers interest rates and loan limits similar to Best Egg. The company excels at approving loans for consumers with credit scores as low as 600 and may be the best option for consumers with credit scores between 600 and 640. The main difference between Prosper and Best Egg is that Prosper is a peer-to-peer lending service. This means that the money customers borrow comes from peers and not from the traditional banking system.
SoFi is another personal loan provider with rates that are competitive compared to Best Egg. The biggest difference between the two is that SoFi grants loans up to $100,000 — making it the best option for those who need quality credit.
In addition to loans, SoFi also offers high-yield savings accounts with interest rates of up to 2.5%.
How to apply
Customers interested in applying for a Best Egg personal loan can click on the “Check My Rate” button on the company’s website and follow the instructions.
For whom the best egg is best
Best Egg is a compelling option for anyone needing a personal loan between $2,000 and $50,000. Of course, higher credit scores qualify for lower interest rates, but it’s also a compelling option for those with less than perfect credit.
Best Egg personal loans can give you quick access to the money you need. If you need a personal loan, create a Best Egg login and apply – your credit will not be affected until you get approval and accept the loan.
Frequently asked questions about Best Egg personal loansHere are some of the most common questions about Best Egg personal loans.
- Is Best Egg a reputable company?
- Yes. Best Egg is an A+ rated BBB company and has a TrustScore of 4.6 on TrustPilot. The company is the center of thousands of positive online reviews from consumers who have used its services.
- Which bank does Best Egg use?
- Best Egg uses Cross River Bank and Blue Ridge Bank as credit partners.
- How much can you borrow from Best Egg?
- Applicants can borrow up to $50,000 through the Best Egg lending platform.
- Does Best Egg verify income?
- Best Egg may require applicants to verify various aspects of their application, including their income.
Editor’s note: This content is not provided by any of the organizations discussed in this article. Any opinion, analysis, review, rating, or recommendation expressed in this article is solely that of the author and has not been reviewed, approved, or otherwise endorsed by any entity named in this article.
Our in-house research team and on-site financial experts work together to create content that is accurate, impartial and timely. We verify every single statistic, quote, and fact against trusted primary sources to ensure the information we provide is accurate. Learn more about GOBankingRates’ processes and standards in our editorial policy.