Personal Loans from Best Egg

Best Egg is an online money-lending company that offers personal loans as well as other services such as debt management. The company has a pretty straightforward application process and sends the payment the next day half of the time. Another positive attribute of Best Egg is that it allows multiple loans from a single client without prepayment penalties.

If you are planning to apply for a loan for vacations, home improvement, and other reasons other than emergency purposes, Best Egg accommodates them.

Typically, the loan ranges from as little as $2,000 to $50,000 on rare occasions. The company also caters to individuals with below-average credit scores, although it could come at a price in the form of high interest rates. If you have a credit score of at least 700 and at least an annual income of $100,000, you may qualify for loans with the lowest interest rates.

Best Egg Pros and Cons


  • Application process is fully online
  • Fast approval, often within 24 hours
  • Top-tier customer service
  • Allows multiple loans
  • Minimum loan amount of $2,000
  • A+ rating with the Better Business Bureau


  • Charges an origination fee of up to 5.99%
  • Deducts fees from the requested amount
  • No mobile app
  • Does not allow joint personal loans
  • No personal loans for postsecondary funding or securities purchases

How the Loan Process with Best Egg Works

After filling out the online application form, Best Egg conducts a soft credit check to arbitrate your rates. At this point, everything is just approximations that you can use to compare loan offers from other lending institutions. Soft credit checks do not reflect on your credit scores, so there’s no need to worry.

Most loan terms offered by Best Egg are from three to five years (36 to 60 months). When you agree to the terms, you may be asked to provide more proof of identity and checking account number for the fund transfer. And most importantly, Best Egg conducts a hard credit check before finalizing the loan, affecting your credit score. If you have any questions and want further explanation after completing the loan, Best Egg’s Resource Center is as best as you could find.




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