Best Egg Personal Loans Review

By Mentor Staff | Edited By Mentor Staff

Updated On August 4, 2022

Editorial Note: This content is based solely on the author's opinions and is not provided, approved, endorsed or reviewed by any financial institution or partner.

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Company Overview: Best Egg

Best Egg personal loans are the brain child of Marlette Funding, a financial services technology company that is simplifying how consumers borrow money. Its team of consumer finance leaders developed and power the Best Egg personal loan, which can be used to consolidate debt and to finance purchases or services like home improvement or medical expenses. Founded in 2014 and based in Delaware, Marlette has funded more than $14 billion in loans and more than 1 million loans funded. Best Egg personal loans are issued by Cross River Bank.

Best Egg Personal Loan Overview

Best Egg offers attractive rates and terms compared with other top lenders in the personal loan industry:

Overview

Minimum Credit Score:
600
Minimum Loan Amount:
$2,000
Maximum Loan Amount:
$50,000
Loan Terms:
3 - 5 years
Minimum Income:
$3,500

Details

Origination Fees:
0.99% – 8.99%
Late Fees:
No late fees
Prepayment Penalty:
No
Soft Credit Check:
Yes
Get My Rate

* Checking your rate does not affect your credit score.

Here are some of the reasons that Best Egg borrowers love Best Egg personal loans:

  • Easy Online Application: You can apply for a Best Egg personal loan completely online.
  • Quick Disbursement: Funds are disbursed directly to your bank account in as soon as 1 business day, upon approval and verification.
  • Customer Service: Best Egg offers live customer support 6 days a week

Eligibility Criteria

To apply for a Best Egg personal loan, you need to meet the following eligibility criteria:

Requirements To Apply For Best Egg Personal loan

Minimum Age: At least age of majority in your state

Citizenship/Residency: U.S. citizen or permanent resident

Loan eligibility depends on a number of additional factors, which may include your credit profile, income and total debt payments.

Bottom Line: Is Best Egg right for you?

Best Egg has a top reputation for personal loans.

You can use a Best Egg personal loan for just about any purpose, including:

  • Pay off credit cards
  • Debt consolidation
  • Personal loan refinancing
  • Home improvement
  • Other major purchase
  • Medical expenses
  • Moving or relocation expenses
  • Vacation
  • Taxes

If you have a good credit score, stable employment and want funds fast, then a Best Egg personal loan may be right for you. You can use a Best Egg personal loan for any purpose such as to pay off credit card debt, medical expenses, home improvement, engagement ring, wedding, honeymoon or new baby expenses.

Next Steps: How To Apply To Best Egg

You can apply for a Best Egg personal loan in 3 easy steps.

Step 1: Check your personalized personal loan rate in just 2 minutes.

Step 2: Complete application and upload documents.

Step 3: Accept loan terms and get funded.

The good news is that you can check your new personal loan rate online with Best Egg before you complete the full application. This way, you’ll know whether you can be approved for Best Egg personal loan. Therefore, Best Egg will provide you with an estimated personal loan rate. The pre-approval is only a soft credit pull so there is no impact to your credit.

Funding for your personal loan is quick and can occur within one day.

Applying is super easy – get your personalized rate in 2 minutes

Get My Rate

* Checking your rate does not affect your credit score.

Top Picks For Personal Loans

December 2022

APR ?APR, or Annual Percentage Rate, is the price you pay to borrow money. Variable APR means that your interest can fluctuate over time, which can increase or decrease your monthly payment. Fixed APR means that your interest will always stay the same. Even if interest rates change, your interest rate or monthly payment will not. APR includes a 0.25% discount when you enroll in autopay.
7.99% - 23.43%

View Details

on SoFi's website

Overview

Minimum Credit Score:
680
Minimum Loan Amount:
$5,000 ($10,000 in CA)
Maximum Loan Amount:
$100,000
Loan Terms:
2 – 7 years
Minimum Income:
None

Details

Origination Fees:
No
Late Fees:
No
Prepayment Penalty:
No
Soft Credit Check:
Yes
8.99% - 35.99%

View Details

on Best Egg's website

Overview

Minimum Credit Score:
600
Minimum Loan Amount:
$2,000
Maximum Loan Amount:
$50,000
Loan Terms:
3 - 5 years
Minimum Income:
$3,500

Details

Origination Fees:
0.99% – 8.99%
Late Fees:
No late fees
Prepayment Penalty:
No
Soft Credit Check:
Yes
7.49% - 22.99%

View Details

on LightStream's website

Overview

Minimum Credit Score:
660
Minimum Loan Amount:
$5,000
Maximum Loan Amount:
$100,000
Loan Terms:
2 - 20 years
Minimum Income:
N/A

Details

Origination Fees:
No
Late Fees:
No
Prepayment Penalty:
No
Soft Credit Check:
No
8.99% - 24.25%

View Details

on Laurel Road's website

Overview

Minimum Credit Score:
660
Minimum Loan Amount:
$1,000
Maximum Loan Amount:
$45,000
Loan Terms:
3, 4, 5 years
Minimum Income:
No

Details

Origination Fees:
No
Late Fees:
No
Prepayment Penalty:
No
Soft Credit Check:
Yes
7.96% - 35.97%

View Details

on Upgrade's website

Overview

Minimum Credit Score:
620
Minimum Loan Amount:
$1,000
Maximum Loan Amount:
$35,000
Loan Terms:
3, 5 years
Minimum Income:
None, but must have at least $1,000 per month of free cash flow

Details

Origination Fees:
1.85% – 8.99%
Late Fees:
$10 after 15-day grace period
Prepayment Penalty:
No
Soft Credit Check:
Yes

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