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Best Egg Personal Loans

in Personal Loans from Marlette Funding, LLC

Claimed Apply Now Get Personalized Rates

Best Egg Personal Loans

Claimed

in Personal Loans from Marlette Funding, LLC

SuperMoney Net Recommendation Score +33%

SUPERMONEY NET RECOMMENDATION SCORE

+33%

-100% 0% +100%
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4 users recommend
0 users are unsure
2 users don't recommend
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Highlights
Highlights
Community Rating Mostly recommended
APR  (Fixed APR) 5.99% - 29.99%
Loan Amount $2,000 - $30,000
Loan Term (Months) 36 - 60 months
Number of Reviews 6

Best Egg Personal Loans Review

Best Egg Personal Loans is offered by Marlette Funding, LLC, a marketplace lending platform founded in 2014 and based in Wilmington, DE. Best Egg Personal Loans is available in 41 states across the USA.

Key takeaways

  • Fast access to cash. In some cases you can get your money within 1 business day.
  • Fair credit accepted. The credit score needed for Best Egg Personal Loans is relatively low. Borrowers with a credit score as low as 640 may qualify for Best Egg Personal Loans.
  • Origination fees of up to 6.99%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • Minimum income of $50,000. You will need an annual income of at least $50,000 to apply for Best Egg Personal Loans, which is above average for the lenders in our database.

Best Egg Personal Loans Pros and Cons:

Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • APRs as high as 29.99%.
  • Charges an origination fee of up to 6.99% of the loan amount.
  • Charges a late fee of up to $15.
  • No co-sign option.

What rates and terms does Best Egg Personal Loans offer?

Best Egg Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Best Egg Personal Loans offer?

Best Egg Personal Loans 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.

How much can you borrow via Best Egg Personal Loans?

Loan amounts start at $2,000 and go up to $30,000.

What can a personal loan from Best Egg Personal Loans be used for?

Personal loans from Best Egg Personal Loans 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 Personal Loans?

Best Egg Personal Loans 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.

Best Egg Personal Loans Rates & Terms
Loan Amount $2000 - $30000
Loan Term 36 - 60 months
APR 5.99% - 29.99%

What fees does Best Egg Personal Loans charge?

Does Best Egg Personal Loans charge an origination fee?

Best Egg Personal Loans may charge a loan origination fee of 0.99% to 6.99% of the loan amount. Best Egg Personal Loans 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 Personal Loans charge a late fee?

Yes, Best Egg Personal Loans may charge borrowers a late payment fee of up to $15, which is triggered if you're 3 days late.

Does Best Egg Personal Loans charge prepayment fees?

No, Best Egg Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Best Egg Personal Loans Fees
Origination Fee 0.99% - 6.99%
Prepayment Fee? No
Late Payment Fee $15

What do you need to qualify for Best Egg Personal Loans?

Applicants with a credit score of at least 640 and up to 850 are eligible for Best Egg Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with Best Egg Personal Loans, applicants need a minimum annual income of $50,000 or higher. Best Egg Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Best Egg Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Best Egg Personal Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Best Egg Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 640 - 850

    What is the estimated funding time for a personal loan via Best Egg Personal Loans?

    Best Egg Personal Loans will typically provide a credit approval decision in less than an hour and fund the loan within 3 business days.

    Does Best Egg Personal Loans report your account activity to credit bureaus?

    Best Egg Personal Loans reports your account activity to the following credit reporting agencies:

    • Equifax
    • Experian
    • Transunion

    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

    Best Egg Personal Loans Disclosure: Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” refer to “the Best Egg personal loan” and/or “Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000–$30,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–6.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    About Best Egg Personal Loans

    Message From Marlette Funding, LLC

    Best Egg offers you an easy, hassle-free way to address your financial needs. Whether you need funds for debt consolidation, home improvement, vacation, a major purchase, or an unexpected expense, Best Egg can help get you the money you need to keep your finances on track.

    Availability

      Available in 41 states
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee  
    Late Fee After 3 days
    Late Fee Amount $15
    Origination Fee (%) 0.99% - 6.99%
    Checking Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $50,000
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • Tax Returns
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 640 - 850
    Approval Speed 0 hours
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Customizable Payment Dates  
    Funding Time Range 1 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    Pre-Approved Soft Credit Inquiry  
    Loan Amount $2,000 - $30,000
    APR (Fixed APR) 5.99% - 29.99%
    Loan Term 36 - 60 months

    Best Egg Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    +33%

    -100% 0% +100%
    No one recommends Everyone recommends

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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