Best Egg Personal Loans Review

Best Egg Personal Loan Review

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Editor’s Rating


Best Egg Personal Loan Key information

Created just in 2014, Best Eggs was made by a former team of Barclays executives. Ever since, it has already funded more than $5 billion in loans. It even has an A+ rating with the Better Business Bureau. Best Egg personal loan 350 is offered to borrowers that have a good credit.  The loan could be used for home improvement, debt consolidation or any other expenses.

There are certain lending terms that one has to know about before they consider applying for the Best Egg Personal Loan. A fixed rate personal loan is offered by Best Egg which could range from anywhere between $2,000 and $35,000. However, some qualified borrowers can even borrow up to $50,000.

The loan terms are normally between 3 to 5 years, but the good thing about the loan is that there are no prepayment penalties. This allows you to pay off the loan much quicker without having to pay any unnecessary extra fees.

Multiple factors influence the quote such as below.

  • Repayment term (36 or 60 months)
  • Loan amount
  • Debt to income ratio
  • Credit history

Pros and Cons of Best Egg Personal Loan

Pros of Best Egg Personal Loan

  • Low rates for good credit
  • Fast funding

Cons of Best Egg Personal Loan

  • Only high-income is considered
  • Loan up to $50,000 can only be offered
  • Restricted to just debt restructuring and meeting of some expenses
Best Egg Personal Loan Review web home page

Is it safe to apply with Best Egg Personal Loan?

Best Egg Personal Loans are completely safe and anyone can apply for them. The fact that over $5 Billion worth of loans has been offered shows that it is safe to apply with Best Egg Personal Loans. 

Benefits of Best Egg Personal Loans

  • Low rates for good credit: Normally, the average borrower would get an annual percentage rate of 15 percent, and those with better credit could qualify for below 10 percent rates. While on the other hand, Best Egg can offer the lowest rate of 5.99 percent to borrowers that have a minimum income of $100,000 and a minimum credit score of 700.
  • Fast Funding: The best thing about Best Egg is that it offers fast funding to qualified borrowers. Most of the loan applications are accepted within a day and the amount is credited to the account.

Disadvantages of Best Egg Personal Loans

  • Only High-Income is considered: The fact that high-income is considered instead of the net worth of an individual makes the loan restricted to only high-income individuals. Whereas, people have other sources of income as well or might own highly valuable assets.
  • Loan up to $50,000 can only be offered: The $50,000 limit on loans is not a lot of money if one comes to think of it.
  • Restricted to just debt restructuring and meeting of some expenses: There are limitations on the use of the funds.

Why choose Best Egg Personal Loans?

Anyone looking for quick funding will find Best Egg as their ideal personal loans lender.

Are Best Egg Personal Loans right for you?

High-income borrowers that have anywhere from good to excellent credit can get an unsecured personal loan from Best Egg loans 5,700. The best thing about it is that quick funding would be received by qualifying borrowers. Sometimes, it can take as little as a day to get the Best Egg loan 1,600. The entire process is virtual which is why there are fewer underwriting costs. As a result of this Best Egg reviews, 10,000 show that Best Egg offers better interest rates as well as fewer fees as compared to other lenders.

Best Egg Personal loan reviews 250 shows that the Best Egg personal loans are ideal for funding major expenses and consolidating debt. However, borrowers cannot use the loan for meeting their educational expenses. Best Egg is a competitive lender for high-income borrowers that are looking for quick loans.

Best Egg Personal Loan Application Process

The application process is rather fast and straightforward. Some basic information would be entered in the online application form such as the loan amount needed the annual individual income and the annual household income.

Who Can Apply For Best Egg Personal Loans?

  • Anyone that has a Good to Excellent Credit

An average credit score of 700 is expected from Best Egg borrowers. This is why it is important to check your credit score before applying for a loan.

  • High-Income Earners

Only borrowers that have an average minimum annual income of $100,000 would be accepted by Best Egg. Keep in mind that the real median household income in the United States is just over $60,000.

  • Anyone that does not qualify for a Traditional Bank Loan

Even if one does have a significant amount of debt, Best Egg would still be able to find a loan for them which a traditional bank would not. Do calculate your debt to income ratio before you apply according to Best Egg reviews 10,000.

  • Someone Who Prefers an Entirely Online Experience

Perhaps, the best thing about Best Egg is that it offers an entirely online experience. However, some people might not be used to such an experience which is why according to the Best Egg review 2,600 make sure that you are comfortable before applying.

  • Borrowers that Want Fast Funding

Best Egg is perfect for anyone that wants fast funding. Most of the funds are accepted within a day of the application and deposited directly into your account.

  • Anyone that Wants a Loan More Than Once

If a person has taken a personal loan from Best Egg and it is in good standing, then they are eligible for another loan as long as the borrowed total of both of the loans is below $50,000.

Best Egg Personal Loan Quick Facts

One needs to be a U.S. citizen and at least 18 years of age to be eligible. For Alabama and Nebraska, the age set is 19. A valid bank account is also necessary.

A minimum credit score of 700 is required and an annual individual income of at least $100,000 in order to qualify for the best interest rates.


If you are thinking that is the Best Egg legit 300, then you should be pleased to know that it is completely legit and anyone who meets the requirements should opt for the loan according to Best Egg ratings 100