Upgrade vs. Best Egg: Which Personal Loan Is Right for You?
Last updated 08/13/2025 by
Ante MazalinEdited by
Andrew LathamSummary:
When you’re shopping for a personal loan, it’s smart to compare top lenders side by side. Upgrade and Best Egg are two popular online lenders that cater to borrowers with fair to good credit. While both offer fast funding and fixed-rate loans, there are key differences in fees, eligibility, and loan features that could make one a better fit for your financial needs.
In this comparison guide, we’ll break down everything you need to know about Upgrade vs. Best Egg, including rates, terms, borrower requirements, and more.
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At a Glance: Upgrade vs. Best Egg
| Feature | Upgrade | Best Egg |
|---|---|---|
| Loan Amounts | $1,000 - $50,000 | $2,000 - $50,000 |
| APR Range | 7.74% - 35.99% | 7.99% - 35.99% |
| Loan Terms | 24 months - 84 months | 36 months - 60 months |
| Minimum Credit Score | 600 - 850 | 600 - 850 |
| Origination Fees | 1.85% - 9.99% | 0.99% - 8.99% |
| Late Payment Fee | $10 | N/A |
| Prepayment Fee | No | No |
| Checking Account Required | Yes | Yes |
| Pre-Qualified Soft Credit Inquiry | Yes | Yes |
| SuperMoney User Score | strongly recommended | mostly recommended |
About Upgrade
Key Features
- Loan amounts: $1,000 - $50,000
- Credit score requirement: 600 - 850
- Loan terms: 24 months - 84 months
- Credit monitoring and budgeting tools included
- Allows co-borrowers
- Mobile app available
- Other products may include a personal line of credit
About Best Egg
Key Features
- Loan amounts: $2,000 - $50,000
- Credit score requirement: 600 - 850
- Loan terms: 36 months - 60 months
- Fast funding
- Fully online application
- No prepayment penalty
- High customer satisfaction
Key Differences Between Upgrade and Best Egg
1. Minimum credit score requirements
Upgrade works with borrowers who have lower credit scores, starting at 600 - 850, making it a strong option for those rebuilding credit. Best Egg typically requires a score of 600 - 850, so it may be a better fit for borrowers with established credit histories.
2. Loan terms and flexibility
Upgrade offers terms of up to 24 months - 84 months, which is longer than Best Egg’s maximum of 36 months - 60 months. If you’re looking for lower monthly payments over a longer term, Upgrade may offer more flexibility.
3. Joint applications
Need a co-borrower? Upgrade accepts joint applications (), which could help you qualify for better terms if your co-applicant has stronger credit. Best Egg doesn’t support joint loans ().
4. Mobile app and online tools
Upgrade stands out with a robust mobile app () for managing your loan and tracking your credit score. Best Egg doesn’t currently offer a mobile app (), so account management must be done online.
Similarities: What Both Lenders Offer
- Fast Funding: Both Upgrade and Best Egg can fund loans in as little as one business day, making them solid choices for urgent expenses.
- Fixed APRs: Your interest rate won’t change over the life of the loan.
- No Prepayment Penalties: You can pay off your loan early without any extra fees.
- Soft Credit Check Prequalification: You can check your rate with either lender without hurting your credit score.
Which Lender Should You Choose
Choose Upgrade if:
- You have a credit score starting at 600 - 850
- You need more flexible loan terms (up to 24 months - 84 months)
- You want to apply with a co-borrower
- You prefer managing your loan via a mobile app
Choose Best Egg if:
- You have a stronger credit profile (600 - 850)
- You want to minimize origination fees (0.99% - 8.99%)
- You prefer a shorter loan term (up to 36 months - 60 months) and don’t need a mobile app
What SuperMoney Users Are Saying
Reading customer reviews can help you get a clearer picture of what to expect. Here’s what real users have shared on SuperMoney about their experiences with Upgrade and Best Egg:
⭐ Upgrade Personal Loans
Many SuperMoney users appreciate Upgrade’s fast funding, flexible loan terms, and easy-to-use mobile app. Borrowers with fair credit frequently mention being approved when other lenders turned them down. The platform’s credit-building tools and joint application option are also highlighted as major advantages.
“I was surprised how quickly I got my funds. The mobile app made it easy to track everything. Highly recommend for anyone trying to consolidate debt.” — Verified Reviewer
⭐ Best Egg Personal Loans
Best Egg receives praise for its straightforward loan process, competitive rates, and excellent customer service. Reviewers often mention how simple it is to apply and how quickly they received their money. Borrowers with good to excellent credit say they were able to lock in very favorable terms.
“Everything was done online and took just minutes. Got the money the next day. Very satisfied with the experience.” — Verified Reviewer
What Next
Still undecided between Upgrade and Best Egg? Don’t worry — choosing the right lender takes time and research. Here are some helpful next steps to guide you:
- Compare more lenders side by side on our Personal Loans comparison page to see how Upgrade and Best Egg stack up against other top options.
Whether you’re consolidating debt, paying for a major purchase, or handling unexpected expenses, finding the right personal loan can make all the difference. Take your time, compare offers, and make the best decision for your financial future.
Compare Upgrade to more lenders
If you’re still deciding, check out our in-depth comparisons between Upgrade and other top personal loan providers:
Key Takeaways
- Upgrade is better suited for borrowers with fair credit, offering longer loan terms and joint applications.
- Best Egg typically offers lower origination fees and is ideal for borrowers with good to excellent credit.
- Both lenders offer fast funding, fixed APRs, and no prepayment penalties.
- Upgrade offers a mobile app and credit-building tools, while Best Egg focuses on a streamlined, no-frills loan experience.
Frequently Asked Questions about Upgrade vs Best Egg
Which lender has lower origination fees — Upgrade or Best Egg?
Best Egg typically offers lower origination fees, ranging from 0.99% - 8.99%, compared to Upgrade’s 1.85% - 9.99%. However, your actual fee will depend on your credit profile and loan terms.
Can I apply with a co-borrower?
Upgrade allows joint applications, which can help borrowers with lower credit scores qualify for better terms. Best Egg does not support co-applicants.
Do Upgrade or Best Egg offer mobile apps?
Upgrade provides a fully featured mobile app for loan management, payments, and credit monitoring. Best Egg does not offer a mobile app.
Which lender offers longer repayment terms?
Upgrade offers loan terms up to 24 months - 84 months, providing more flexibility for those who want lower monthly payments. Best Egg caps its terms at 36 months - 60 months.
Which lender is better for fair credit borrowers?
Upgrade is better suited for borrowers with fair credit (600 - 850). Best Egg typically requires a minimum score of 600 - 850, making it more ideal for those with good to excellent credit.
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