Highlights
Community Rating	Strongly recommended
APR (Fixed APR)	5.99% - 29.99%
Loan Amount	$2,000 - $50,000
Loan Term (Months)	36 - 60 months
Number of Reviews	17

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 across the USA.

Key Takeaways

APRs starting at 5.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Best Egg Personal Loans are on the lower end of the spectrum.
Fast access to funds. In some cases you can get your money within 1 business day.
Large loan amounts. You can apply for loan amounts of up to $50,000 with Best Egg Personal Loans.
Prequalified rate. You can check your prequalified rate at Marlette Funding, LLC with a soft pull that will not affect your credit score.
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 & Cons

Pros	Cons
Low APRs available to qualified borrowers. $0 prepayment fee. Considers applicants with fair credit. Funding available within 3 business days.	APRs as high as 29.99%. Charges an origination fee of up to 5.99% of the loan amount. Charges a late fee of $15

Best Egg Personal Loans FAQ

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.

How much can you borrow via Best Egg Personal Loans?

Loan amounts start at $2,000 and go up to $50,000

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.

Best Egg Personal Loans Rates & Terms
Loan Amount	$2000 - $50000
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.

Best Egg Personal Loans Fees
Origination Fee	0.99% - 5.99%
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 600 and up to 850 may be 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 only considers borrowers who are employed.

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	600 - 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?

Yes, 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 may help improve your credit.

Best Egg Personal Loans Disclosure: DISCLOSURE UPDATE AS OF 01.2021 *Trustpilot TrustScore as of June 2020. 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 sc¬ore, 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– $50,000. 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. What this means for you: 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. We may also ask to see your driver’s license or other identifying documents.

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

Headquarters
1523 Concord Pike, Suite 302
Wilmington, DE 19803
(855) 282-6353
Visit Site

About Best Egg Personal Loans

View Marlette Funding, LLC Profile

Message From Marlette Funding, LLC

We make money accessible through fast and easy personal loans. Whether you need money for debt consolidation, a much-needed vacation or an unexpected expense, we could get you the money you need to keep your finances on track and so you can go back to enjoying your life. If qualified, you could have money in your bank account in as little as 1 business day! How we do it: Our team mixes decades of banking experience with deep customer knowledge to deliver a hassle-free experience. And since March 2014, our platform has delivered over $10B of loans, with an A+ BBB rating as of July 2019.

Availability

Available in 47 states

Alaska
Alabama
Arkansas
Arizona
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Kansas
Kentucky
Louisiana
Massachusetts
Maryland
Maine
Michigan
Minnesota
Missouri
Mississippi
Montana
North Carolina
North Dakota
Nebraska
New Hampshire
New Jersey
New Mexico
Nevada
New York
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Washington
Wisconsin
Wyoming

Feature Breakdown

No Prepayment Fee
Late Fee Amount	$15
Late Fee Grace Period	3 days
Origination Fee (%)	0.99% - 5.99%