Best Egg Review

ByMichael GrawFeb. 26, 2021

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In a Nutshell

Best Egg is an online lender that offers personal loans for borrowers with fair to strong credit. We like Best Egg because it offers an easy online application, money is sent to your account in as little as 1 day, and the loan interest rates are competitive. In addition, with Best Egg there’s no penalty for paying off your loan early.


  • Get money in as little as 1 day
  • Offers competitive interest rates


  • Charges a loan origination fee
  • $15 late payment fee

Best Egg at a Glance

Loan typesPersonal loans
Loan amount$2,000 to $35,000
Repayment terms3 years or 5 years
APR5.99% - 29.99%
Min. credit scoreGenerally 640, 700 for secure min. rate
Suitable forGetting a personal loan quickly

Best Egg Best Egg View Rates

Suitable For?

Best Egg works well for anyone in need of a personal loan, as this lender offers competitive interest rates. However, we think Best Egg is suited for those who need to get funds in their bank account quickly. The company typically deposits funds into your bank account within 1 business day after your loan is approved.

Loan Features

  • Personal loans can be used to consolidate debt, pay off credit cards, improve your home, and more
  • Loans range in size from $2,000 -$35,000 
  • Choose either a 3- or 5-year repayment term
  • No prepayment penalty
  • Get funds in as little as 1 business day

Application Process & Requirements

You can apply for a loan with Best Egg online in minutes. Just enter your email to get started with the platform’s online questionnaire. Select the reason for your loan, then enter how much you want to borrow. Best Egg then conducts a soft credit check, which doesn’t impact your credit score, and displays pre-approved loan offers customized for your situation.

If you decide to accept an offer, Best Egg will conduct a hard credit check. You can typically be approved within a few hours and get money deposited into your bank account by the next business day. If you’re paying off credit card debt or consolidating existing debt, Best Egg also offers the option to have the funds paid directly to your creditors. 

To qualify for a Best Egg loan, you must have a minimum credit score of 640. Applicants with a minimum credit score of 700 might qualify for the lowest rates.

APRs, Loan Amounts & Repayment Terms

Best Egg offers loans ranging from $2,000 to $35,000 with APRs between 5.99% - 29.99% based on your credit history. The lender typically offers either a 3- or 5-year repayment term, although there’s no penalty if you pay back your loan early.

Best Egg does charge an origination fee for all loans, which is typically between 0.99% to 5.99% depending on the size of the loan. if you're late on your monthly payment, Best Egg has a three-day grace period before assessing the late fee, which typically is $15.

Privacy & Security

Best Egg protects all personal information you share when applying for a loan with 256-bit AES encryption. The company also has a transparent privacy statement that clearly states what data they collect from you, what data sources they use when determining your loan offer, and how they use your personal and financial data.

Help & Support

Best Egg offers support by phone and live chat from 9:00 AM to 7:00 PM Monday to Thursday, 8:00 AM to 5:00 PM Friday, and 9:00 AM to 1:00 PM Saturday ET. The company’s website also has a detailed knowledgebase that answers questions commonly asked by both applicants and existing borrowers. 

Phone: 1-855-282-6353

How Best Egg Compares

APR5.99% - 29.99%
5.99% - 18.85% (with AutoPay)
Min. credit scoreFair +
Good +
Loan amount$2,000 to $35,000$5,000 to $100,000
Loan term36-60 mo.
24-84 mo.
Suitable forGetting funds quicklyFree financial advice

Best Egg looks desirable compared with some of its competitors like SoFi. For borrowers with strong credit, Best Egg’s minimum interest rates are competitive. If you have a credit score between 680 and 700, it’s worth checking whether Best Egg or another lender offers you the most appealing rate.

While other lenders let you borrow up to $100,000, Best Egg caps loans at $35,000. However, this lender offers loans as small as $2,000 in most states, while others require you to borrow at least $5,000. That’s a big advantage if you only need a small loan.

One key benefit to Best Egg is that you can get your funds within 1 business day in many cases. Competitors like SoFi typically take several days to deposit funds into your account after approval.


Q. Does Best Egg offer debt consolidation loans?

A. Yes, Best Egg loans can be used to consolidate debt. Funds can be paid directly to your current creditors.

Q. Does Best Egg charge an origination fee?

A. Best Egg charges an origination fee of 0.99% to 5.99% depending on the size of your loan.

Q. Is there a prepayment penalty with Best Egg?

A. Best Egg does not have a prepayment penalty. You can repay your loan in full at any time.

Q. How do I manage loan payments with Best Egg?

A. Best Egg offers an online account portal where you can set up payments and track your remaining debt.


Best Egg is a trustworthy online lender that offers competitive interest rates and no prepayment penalties. The company stands out for offering loans as small as $2,000 and getting money into your bank account in as little as 1 business day. So, we think Best Egg is a good option for borrowers with fair to strong credit who need funds quickly.

Physical Address

1523 Concord Pike

Suite 201

Wilmington, DE 19803

Best Egg Best Egg View Rates

Best Egg customer testimonials

ExcellentReviews 5,418
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  • author
    Jessica Mas
    2 days ago
    Excellent Customer Service

    great customer service, I had my loan approval in minutes and next day the money was already in my bank account ,I will recommend 100%


  • author
    Randy Tester
    2 days ago
    We took our loan and re-roofed our home.

    We took our loan and re-roofed our house that has not been roofed in 13 years because we could not afford a loan because of medical expenses.


  • author
    Samuel B Hull
    Apr 16, 2021
    Best Egg is the best..number 1..easy…

    Best Egg is the best..number 1..easy and reliable..


  • author
    Apr 16, 2021
    Loan funded within days!

    So easy and friendly to deal with. Loan funded within days! Thank you!


  • author
    John Dey
    Apr 16, 2021
    They are legit and honest used the…

    They are legit and honest used the money to consolidate my credit cards ! Glad loan is paid and my credit cards !


Best Egg