Best Egg Unsecured loans: 2020 Review


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Good for: A good credit score, debt consolidation

Best Egg offers unsecured loans for borrowers with higher credit. The loans can be used as debt consolidation, do it yourself and many other outlays.

Best Egg may be a good fit for you if:

  • You have good?credit and many years of credit history. The minimum required credit rating is 640, but Best Egg’s borrowers come with an average score of 700. Typically, borrowers have seven many years of credit history.
  • You have good?income. Best Egg says borrowers typically earn a yearly earnings of $80,000.
  • You want fast funding. More than half of its loans are funded in a day, and money are deposited directly into your money.?

Best Egg?loan rates and terms

Loan amounts $2,000 – $35,000 (Some customers may receive mail offers for loans up to $50,000)
Typical APR 5.99% – 29.99%
Fees Origination fee: 0.99% – 5.99%

Late fee: $15

Return fee: $15 if payments aren’t processed

Time to funding As little as one business day
Repayments 3 or 5 years
Soft credit assessment? Yes
How to qualify
  • Minimum credit rating: 640; average is 700.
  • Minimum credit history: Not specified, but average is 7 years.
  • Minimum annual income: Not specified, but average is $80,000.
  • Debt-to-income ratio: Not specified, but typically under 35%.
Best for Borrowers with higher credit, fast cash
Click “Check rates” to get started with Best Egg.

Check rates at Best Egg

??MORE: Best loans for debt consolidation

Best Egg personal bank loan review

To review Best Egg, NerdWallet collected a lot more than 30 data points from the lender, interviewed company executives and compared the lending company with other people that seek the same customer or provide a similar personal loan product.?Loans and costs can vary by state.

More than 450,000 customers happen to be funded with?over?$6.5 billion in Best Egg loans since 2014, based on the company.

Loans vary from $2,000 to $35,000. Most borrowers use their loans to fund large expenses or consolidate credit card debt – $15,000 worth typically, says Josh Tonderys, president at Marlette Funding, the parent company of Best Egg.

Low rates for good credit: The average borrower gets a yearly percentage rate of 15%, but individuals with better credit can be eligible for a rates below 10%, Tonderys says.

To get Best Egg’s lowest rate of 5.99%, borrowers need a minimum credit rating of 700 and minimum income of $100,000, among other requirements.

Fast funding: Best Egg’s online application takes minutes to accomplish, and when it’s approved, funding could be completed in?as little as one working day.?

How Best Egg compares

For borrowers who can get good rates and have the discipline to pay off debt on their own, Best Egg is a good option. But other lenders offer additional support and techniques that could make debt consolidation easier.


5.99% – 29.99%

Loan amounts

$2,000 – $35,000

Funding time

Typically next day

Best for

Good credit, fast cash


5.99% – 24.99%

Loan amounts

$5,000 – $35,000

Funding time

1 to 7 business days

Best for

Good credit, debt consolidation


6.99% – 24.99%

Loan amounts

$2,500 – $35,000

Funding time

Next day, up to a week

Best for

Good credit, debt consolidation

Click “Check Rate” to pre-qualify and receive a personalized rate from multiple lenders on NerdWallet.


Payoff, another good-credit lender, gives consumers a tailored intend to pay off credit debt plus guidance to stay disciplined with payments.

Discover offers borrowers with higher credit the option to pay off creditors directly, making certain borrowed money would go to debts.

Payoff and Discover also give consumers free use of their credit ratings.

How to try to get a Best Egg loan

You can submit an application on Best Egg’s website. After entering some private information, you’ll be presented with loan choices for that you simply pre-qualify.

NerdWallet recommends comparing loans to get the best rate for you personally.?Click on the button below to pre-qualify and get a personalized rate from multiple lenders on NerdWallet.



Before you look for a personal loan:

  • Learn how personal loans work
  • Boost your odds of getting approved
  • 4 steps to pre-qualify for any personal loan

NerdWallet’s ratings for personal loans award points to lenders that offer consumer-friendly features, including: soft credit checks, no fees, transparency of loan rates and terms, flexible payment options, accessible customer support, reporting of payments to credit bureaus, and financial education. We also think about the quantity of complaints filed with agencies like the Consumer Financial Protection Bureau. This methodology applies simply to lenders that cap rates of interest at 36%, the maximum rate financial experts and consumer advocates agree may be the acceptable limit for a financial loan to become affordable. NerdWallet does not receive compensation of any type for our reviews. Read our editorial guidelines.

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