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Best Egg Personal Loan April 2024 Review

Best Egg offers an easy application process, fast funding, and loans for various purposes. They target borrowers with credit scores over 680.
Aaron CroweApr 1, 2024
Editor’s Note
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At, we strive to help you make financial decisions with confidence. While many of the products reviewed are from our Service Providers, including those with which we are affiliated and those that compensate us, our evaluations are never influenced by them.

Best for secured personal loan

Best Egg Logo
Overall rating:
4.5 rating
Fixed APR8.99% – 35.99%
Loan Amounts$2,000 – $35,000; depending on state; in some states, up to $50,000 with special offer codes
Repayment36 to 60 months
FeesOrigination fee of 0.99%-8.99%; $15 return payment fee for insufficient funds
Time to fund1 – 3 days after approval
Min. Credit Score640
Thumb up
  • Fast funding, sometimes within 24 hours
  • Great reviews
  • Prescreened applicants receive offer codes in the mail.
Thumb down
  • Origination fee can be high
  • No joint applications
  • Loan can’t be used for education
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Online lender Best Egg calls itself “a path to yes in an industry of no.” That seems to strike a chord with customers because Best Egg benefits from exceptionally good reviews. Best Egg refers to itself as an “opportunities company,” and focuses on providing customers with a path to financial progress. To date, it has funded 1.1 million loans. Best Egg does not make loans directly, but partners with two lenders.

Check out the details in our Best Egg Personal Loan Review to find out if this might be the best personal loan lender for you.

Best Egg Personal Loan Top Features

Multiple loan purposes: Best Egg offers personal loans for various purposes, such as debt consolidation, credit card refinancing, home improvements, emergencies, baby and adoptions, special occasions, moving expenses, vacations, taxes, medical expenses, and major purchases.   

Excellent reputation for customer satisfaction: Overall, Best Egg has a very good online reputation for customer satisfaction and claims a 95% satisfaction rate. The ease of the process and fast funding are singled out for praise by people who leave reviews.

Fast funding: Loans are sometimes available within 24 hours. All approved loans are funded within three business days. 

Direct payment for debt consolidation: If using your loan for debt consolidation, Best Egg offers a direct payment option. This makes paying off debts much simpler and could save you money in interest fees compared to handling the payoffs yourself. 

Code offers: Prescreened applicants may receive code offers in the mail. These codes qualify borrowers for larger loan amounts and other perks. 

Qualifying for a Best Egg loan 

To qualify for a Best Egg personal loan, you will need a credit score of at least 640. 

Applicants must be U.S. citizens or permanent residents and at least 18 years old. All applicants must have a valid bank account. 

Best Eggs requires a minimum three-year credit history. You must have at least three open credit accounts with no delinquencies.

The application results in a soft credit check that does not affect your credit score.

If you have a bankruptcy or tax lien on your credit report, you will not qualify for a Best Egg personal loan. Bankruptcies stay on a credit report for seven to 10 years. Those currently in credit counseling are also ineligible.  

Best Egg loans are not available in all states. You cannot apply for a Best Egg personal loan if you live in:

  • Iowa
  • Vermont
  • Washington, DC
  • West Virginia 
  • U.S. Territories 

You can use a Best Egg loan for almost anything, but they don’t make personal loans for securities or education expenses. If one of those is your current need, you won’t qualify for a Best Egg loan.

How to apply for a Best Egg loan

You can apply for a Best Egg personal loan with an online application. Or you can call Best Egg at 855-282-6353.  

Whichever route you choose for your application, you’ll need to provide the following information:

  • Name
  • Address
  • Email address
  • Phone number
  • Birthdate
  • Employment
  • Social Security number
  • Income

You should find out if you’ve been approved for a Best Egg personal loan in just a few minutes, when you may start getting personal loan offers

Loan approval and loan funding from Best Egg

Once approved, funds are sent to your account within one to three business days. You can access your funds within one to two days after the funds are deposited. 

Best Egg offers several options for making your loan payments:

  • Online through Best Egg account
  • Over the phone
  • Text
  • Mail

Best Egg: Customer service and customer satisfaction

The Bureau Business Bureau gives Best Egg an A+ rating. In reviews, overall customer satisfaction is generally high. Ease of application, funding speed, and good customer service are often cited in these reviews. 

When a Best Egg personal loan might be the best choice: Secured personal loan option.

If you can’t qualify based on your credit standing but you own a home, you might want to check out Best Egg’s secured personal loan. Unlike a home equity loan, where your entire home is collateral, a Best Egg secured personal loan uses fixturesphysically and permanently attached to your property as collateral. Collateral is a sort of guarantee for the lender. If you fail to repay the loan, the lender can take steps to sell your collateral and recover its losses. The fixtures you can borrow against at Best Egg might include the water heater, built-in bookshelves, or built-in appliances.

Compare To

Full Star
Full Star
Full Star
Full Star
Half Star rating

Good for: Borrowers With Fair Credit

Fixed APR
8.99 - 35.99%%
Loan Term
2, 3, 4, or 5 years
Loan Amount
$5,000 - $50,000
Min. Credit Score
Full Star
Full Star
Full Star
Full Star
Half Star rating

Good for:Fast Funding

Fixed APR
6.5 to 35.99%. Average 5- year loan has an APR of 26.57%
Loan Term
36 - 60 months
Loan Amount
$1,000 - $50,000 Varies by state
Min. Credit Score
No minimum
Full Star
Full Star
Full Star
Half Star
Empty Star rating

Good for: Last-resort Loan

Fixed APR
34% - 155%
Loan Term
6 to 60 months
Loan Amount
$1,000 - $10,000
Min. Credit Score