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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 personal loan APRs are offered via Best Egg?
Best Egg offers a fixed APR personal loan product that ranges from 5.99% APR up to 29.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
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 of up to $15, which is triggered if you're 3 days late.
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, unexpected expenses 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.
Best Egg will consider borrowers regardless of their employment status if they can prove their ability to repay the loan requested.
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
- Applicants must have an active and valid checking account
- 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 provide a credit approval decision in less than an hour and fund the loan within 3 days.
Does Best Egg report loan payments to credit bureaus?
Best Egg may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|No Prepayment Fee|
|Late Fee After (number of days)||3|
|Late Fee Amount||$15|
|Origination Fee||0.99% - 5.99%|
|Credit Score Range||
640 - 850
850 300 640
|Immigration Status Considered||
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$2K - $35K|
|Loan Term (Months)||36 - 60|
|APR (Fixed APR)||5.99% - 29.99%|