Mostly not recommended
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Where does Best Egg do business?
Best Egg is a direct lender based in Wilmington, DE. Founded in 2014, Best Egg offers access to personal loans in 47 states (and Washington, DC).
What are the APRs offered via Best Egg?
Best Egg offers a fixed APR personal loan product that ranges from 5.99% up to 29.99%.
Does Best Egg charge an origination fee?
Yes, Best Egg charges a loan origination fee of 0.99% to 5.99% of the loan amount. Best Egg deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Best Egg charge a late fee?
Yes, Best Egg may charge borrowers a late payment fee
Does Best Egg charge prepayment fees?
No, Best Egg does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via Best Egg?
Loan amounts start at $2,000 and go up to $35,000.
What can a personal loan from Best Egg be used for?
Personal loans from Best Egg are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures or similar purposes.
What is the maximum loan term you can get with Best Egg?
Best Egg offers personal loans with terms ranging from 36 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Best Egg?
Applicants with a credit score of at least 640 can apply for a loan via Best Egg . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a Best Egg loan, applicants need a minimum annual income of $50,000 or higher.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Best Egg. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
What is the estimated funding time for a personal loan via Best Egg?
Best Egg will typically approve (or deny) a loan application within 1 hour and fund personal loans within 3 business days of approval.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- U.S. Citizen
- U.S. Permanent Resident
- Active Duty Military
- Military Dependent
- Individual Applications
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)