Best Egg Personal Loans
in Personal Loans from Marlette Funding, LLCClaimed
Best Egg Personal LoansClaimed
in Personal Loans from Marlette Funding, LLC
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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 47 states (and Washington, DC).
- 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 5.99%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
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 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 $35,000.
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.
|Loan Amount||$2000 - $35000|
|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 5.99% 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.
|Origination Fee||0.99% - 5.99%|
|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.
Best Egg Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. 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 checking account
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
|Bank Account Required?||Yes|
|Application Types Accepted||
|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:
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 score.
- 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||3 days|
|Late Fee Amount||$15|
|Origination Fee (%)||0.99% - 5.99%|
|Checking Account Required|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||Individual Applications|
|Supported Income Types||
|Verification Documents Required||
|Credit Score Range||
640 - 850
|Approval Speed||0 hours|
|Credit Bureau Reporting||
|Customizable Payment Dates|
|Funding Time Range||1 - 3 days|
|Pre-Approved Soft Credit Inquiry|
|Loan Amount||$2,000 - $35,000|
|APR (Fixed APR)||5.99% - 29.99%|
|Loan Term||36 - 60 months|