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:

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 fees does Best Egg Personal Loans charge?

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

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

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.