Best Egg Personal Loans Review

Best Egg is an online lending platform that offers personal loans through its partner banks. It has become one of the more established names in the online lending industry, particularly among borrowers looking to consolidate high-interest credit card debt. Best Egg combines a fast application process with competitive starting rates and rapid funding, though borrowers with weaker credit profiles may still receive relatively expensive offers.

Loan Options

• Best Egg offer unsecured and secured (vehicle fixture secured) personal loans between $2,000 and $50,000, with some state-specific minimum loan amounts.

• Loan lengths range from 3 to 5 years.

• Best Egg does not currently support joint loan applications or the inclusion of cosigners.

Interest & Fees

• APR: Best Egg personal loans have fixed rates from 6.99% to 35.99%. The best rates are reserved for borrowers with strong credit profiles and lower debt-to-income ratios.

• Origination Fees: Best Egg may charge an origination fee between 0.99% and 9.99% of the approved loan amount. This fee is automatically deducted from the loan proceeds. The origination fee on a loan term 4-years or longer will be at least 4.99%

• Prepayment Penalty: Borrowers do not incur any fees if they wish to pay off their loan early.

• Late Payment: Best Egg may charge a late fee if your scheduled payment is not received within the grace period specified in your loan agreement.

• Unsuccessful payment: Returned or failed payments may incur additional fees, depending on your loan agreement and state law.

Geographical Availability

Best Egg do not currently accept personal loan applications from residents of Iowa, Vermont, West Virginia or Washington DC.

Loan Eligibility

Best Egg primarily targets borrowers with fair, good or excellent credit. According to public disclosures, applicants generally need:

• A minimum credit score around 600
• At least 3 years of credit history
• At least one open tradeline on their credit report
• Verifiable income and a valid U.S. bank account

Best Egg also considers debt-to-income ratio and broader credit profile factors during underwriting. :contentReference[oaicite:3]{index=3}

Income Requirements

No formal minimum income requirement has been publicly disclosed, though applicants must demonstrate sufficient income to support repayment obligations.

Are they legit?

Yes. Best Egg is a legitimate online lending platform owned by Best Egg, Inc. (formerly Marlette Funding). Loans are issued by Cross River Bank or Blue Ridge Bank, while Best Egg manages the application process, servicing and customer support. Since launching in 2014, the platform has originated billions of dollars in consumer loans.

Reviews & News

At the time of writing, Best Egg had approximately 88% 5-star reviews on Trustpilot, among a total of just over 12,000.

On their A accredited BBB profile, they have an average rating of 4.84/5, with just over 150 complaints closed in the last year.

Do They Report to the Credit Bureaus?

Yes. Best Egg report monthly loan and payment information to the three major credit reporting agencies: Equifax, Experian and TransUnion. Making consistent on-time payments may help improve your credit score over time, while missed payments could negatively affect your credit profile.

Get in touch

You can contact Best Egg customer support by phone at 855-282-6353. Support is generally available Monday-Friday during standard business hours (Monday-Thursday 8am-10pm ET; Friday 8am-8pm; Saturday 9am-6pm). You can also contact them through their online help center and support portal on the Best Egg website.

What we like?

Check your Rate: Borrowers can check their potential rate through Best Egg's prequalification process without impacting their credit score. A hard credit inquiry is only performed if you choose to proceed with a full application and accept a loan offer. Even if you already have an offer elsewhere, it may be worth seeing whether Best Egg can provide a better rate.

Secured Loan Option: Unlike many online lenders, Best Egg offer secured personal loans backed by vehicle equity or fixtures in your home (your home itself will not be used as collateral). Best Egg borrowers typically see an average APR discount of 20% compared to unsecured loans.

Debt Consolidation Tools: Best Egg is particularly focused on borrowers looking to refinance credit card debt and offers direct payment to creditors. This can simplify the debt consolidation process and may reduce the temptation to spend the loan proceeds elsewhere.

Strong Customer Reviews: Best Egg has unusually strong customer satisfaction scores across both Trustpilot and BBB compared to many competitors in the online lending space. Positive reviews frequently mention the fast approval process, straightforward application experience and responsive customer support.

What we don't like?

Origination Fees: Best Egg may charge origination fees of up to 9.99%, which are deducted upfront from your loan proceeds. This can meaningfully reduce the amount of cash you actually receive. For example, if you are approved for $10,000 loan with a 5% origination fee, you'll only receive $9,500 in your bank account. Many lenders don't charge origination fees, so you may wish to look elsewhere to avoid them.

No joint/cosigned loans: Best Egg does not currently support joint applications or cosigners. Adding another borrower can sometimes improve your approval chances or help you qualify for a lower rate, so borrowers who need additional support may prefer lenders that offer this flexibility.

Limited Repayment Terms: Best Egg only offer repayment terms of 3 or 5 years. Borrowers looking for shorter repayment schedules to reduce interest costs—or longer repayment terms to lower monthly payments—may find the platform less flexible than some competitors.

Summary

With fast funding, risk-free prequalification and strong customer satisfaction scores, Best Egg is one of the more polished online lenders in the personal loan market. Borrowers with solid credit profiles may receive competitive offers, while those with weaker credit should pay close attention to origination fees and final APR before accepting a loan.