How Best Egg Compares to Other Top Loan Providers

February 26, 2020
Sarah PritzkerBySarah PritzkerFeb. 26, 2020
Find great alternative lending options to Best Egg
Best Egg is a completely-online lending platform that streamlines loan applications, allowing you to apply and get approved, within as little as 24 hours.

With Best Egg you don’t have any restrictions on how you use your loan, which can give you some breathing room for debt consolidation, health or family emergencies, or just a vacation that you kept putting off because you hadn’t saved enough yet. 

What Best Egg Offers   

  • Borrow $2,000 to $50,000
  • APR from 5.99% - 29.99%
  • Fixed term of 36 or 60 months
  • Minimum credit score of 640

The threshold to receive a loan from Best Egg is quite low, and stacks up well against the competition, making a solid choice for consolidating debt as well as other major expenses you may have. You just need to be over 18 and an American citizen or permanent resident. 

Best Egg has a minimum credit score requirement of 640, but keep in mind that if you’re below 700 you probably won’t be able to get the best rate. 

One caveat with Best Egg though - while many competitors operate with zero fees, Best Egg does charge an origination fee of 0.99% to 5.99% of your loan amount. 

Best for: Debt consolidation and other major expenses

Best Egg Alternatives

How do other companies like Best Egg compare? Now that you have the lay of the land when it comes to Best Egg, take a quick stroll and look at how the competition handles personal loans:

Loan ProviderLoan AmountAPRTerms
credible$1,000-$50,0003.49% - 35.99%24 - 60 monthsGet Offer
marcus$3,500-$30,0006.99% - 19.99%*36 - 72 monthsGet Offer
lendingtree$1,000-$50,0003.49% - 35.95%3 - 60 monthsGet Offer
amone$1,000-$40,0003.49% - 35.99%24 - 84 monthsGet Offer
upgrade$1,000-$50,0007.99% - 35.97%36 - 60 monthsGet Offer

1. Credible

  • Borrow from $1,000 to $50,000
  • APR from 3.49% - 35.99%
  • Terms of 2 to 5 years
  • Minimum credit score of 680

Unlike Best Egg, Credible is not a direct lender, but rather it is a loan marketplace. This means that you fill out one application, which Credible then sends to multiple lenders. Credible then sends you back up to 6 offers from different lenders, allowing you to compare the rates and terms offered, and pick the best one. You will get responses to your application in minutes, and your credit will not be adversely affected by the soft credit pull that Credible performs.

The various lenders that Credible works with offer a range of APRs and terms. With your application going to multiple lenders, they are competing for your business. This means that you are likely to get better rates and terms than if you apply to a single lender, like Best Egg. To apply, you'll need a relatively good credit score of 680 or higher, have a checking account in your name, be at least 18 years old, and be a US citizen.

Best for: Competitive loan offers from a number of lenders.

Credible Credible Visit Credible

 2. Marcus

  • Borrow from $3,500 to $40,000
  • APR from 6.99% - 19.99%*
  • Terms of 36 to 72 months
  • Minimum credit score of 660

Marcus is the online lending platform run by respected bank Goldman Sachs. Although it’s part of an established bank, you can apply for and receive your loan through Marcus entirely online. Marcus’s APR rates begin higher than those of Best Egg and the maximum loan amount is lower, but Marcus pushes ahead of Best Egg by not charging any fees at all, including no origination fee, prepayment fees, or even late payment fees. You also have more flexible repayment terms, anywhere between 3 and 6 years. Like Best Egg, Marcus lets you borrow money for almost any purpose apart from education costs.

Marcus promises to design your loan around you so there is a lot of flexibility here. Once your loan begins and you’ve made 12 monthly payments on time, you can skip one payment without increasing the amount of interest you pay. Marcus has similar eligibility requirement to Best Egg with a minimum credit score of 660 and likewise has a fast online application process. You’ll usually get approval and your money through within 2 business days.

Best for: Flexible repayment terms and no fees.

Marcus  Marcus Visit Marcus

3. LendingTree

  • Borrow from $1,000 to $50,000
  • APR from 3.49% - 35.95%
  • Terms of 3 to 60 months
  • No minimum credit score

LendingTree works a little differently than Best Egg because instead of being a direct lender it’s an online lending marketplace. LendingTree connects borrowers with lenders through a fully online process, sending you at least 5 loan offers from just one application. This makes it better for borrowers with lower credit scores, who will probably find better rates with one of LendingTree’s associated lenders than with Best Egg. The best rates for borrowers with excellent credit scores are about the same through both lenders. There’s no minimum credit score to be eligible for a loan from LendingTree and other requirements are similar to Best Egg.

With LendingTree you have a much wider choice of loan terms. You can get an ultra-short loan of just 3 months if all you need is a bridge to cover cash flow issues or spread out payments across 15 years so as to pay smaller amounts each month if you need a really large amount. And most periods of time in between are an option, too. While LendingTree itself doesn’t charge any fees, most of the lenders do.

 Best for: Connecting to a vast network of online lenders. 

LendingTree LendingTree Visit LendingTree

 4. AmOne

  • Borrow from $1,000 to $40,000
  • APR from 3.49% - 35.99%
  • Terms of 2 to 7 years
  • No minimum credit score

AmOne gives borrowers a number of pre-approved short-term loan offers from multiple lenders. AmOne lets customers borrow smaller amounts than Best Egg, with loan amounts beginning at $1,000 and only reaching $40,000. This makes it a better choice for borrowers who only need a small amount to fill a gap, especially since the lowest rates offered by AmOne are lower than Best Egg. On the other hand, AmOne does have some loan terms of up to 7 years, 2 years longer than Best Egg, which is useful if you want to spread your payments out across a longer period of time.

Like Best Egg, AmOne’ application process is entirely online, although the amount of time it takes until your loan is fulfilled varies depending on which lender you choose. You won’t be charged any fees by AmOne, but there could be fees charged by the lender you choose. AmOne has more loan options for borrowers with less than perfect credit thanks to the range of lenders it presents.

Best for: Pre-approved loan offers from multiple lenders. 

AmOne AmOne Visit AmOne

5. Upgrade

  • Borrow from $1,000 to $50,000
  • APR from 7.99% - 35.97%
  • Terms 3 or 5 years
  • Minimum credit score of 620

Upgrade offers personal loans up to $50,000, a generous amount, and that can be used for anything from throwing a wedding to paying off that choking credit card debt. Something most borrowers appreciate about Upgrade is all of the information it offers free of charge. You can get a full financial education with all of the resources available online, and that can help you save money, clean up your credit report, increase your credit score, and make better financial decisions in the future. 

Upgrade has a fast online application that actually offers pre-approval within minutes. Upgrade will only do a soft credit pull, so your credit score won’t even be affected by your application. Accredited by the Federal Deposit Insurance Corporation, Upgrade is safe and complies with all US federal requirements.

Best for: People looking to clean up their credit reports.

Upgrade  Upgrade Visit Upgrade


Best Egg is an impressive choice thanks to its fast approval process, low fees, and good APR rates. However, there are other lenders that rival it for speed and flexibility and which have lower rates and higher maximum loan amounts. If you’re looking for an unsecured short-term personal loan, you’re likely to find what you need with one of our 5 alternatives to Best Egg.

For more information on lending platforms, see our comparison of the leading personal loan companies on the market.

About The Author

Sarah PritzkerBySarah PritzkerFeb. 26, 2020
Sarah Pritzker is a content writer with years of experience and a keen interest in the vast world of online consumer products. She enjoys helping readers make sense of the options on the market in financial industries including credit reports, business loans and car loans.
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