Best Egg 2025 Personal Loan Review

Best Egg is an online lender that offers unsecured and secured personal loans to borrowers with fair, good or excellent credit. It has fast funding and relatively low starting rates.

Best Egg says one of the most popular reasons borrowers use their loans is for debt consolidation. The lender gives borrowers the option to have loan funds sent directly to their creditors, saving them that step in the debt payoff process.

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Best Egg personal loans at a glance

• Disclosure from Best EggDisclosure from Best Egg

  *Trustpilot TrustScore as of April 2025. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender, Column N.A., Member FDIC, Equal Housing Lender, or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. 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. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. 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; Ohio, $5,001; and Georgia, $3,001. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 6.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%– 9.99% 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. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. 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. Best Egg products are not available if you live in Iowa,Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL– Operations Manager, Email: [email protected], Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

Where Best Egg personal loans stand out

Wide range of loan amounts: Best Egg loan amounts are from $2,000 to $50,000, which gives borrowers the flexibility to cover smaller expenses like car repairs or larger costs like home improvement projects.

Has secured loan options: Borrowers can get a secured loan from Best Egg using a vehicle or permanent fixtures in their home, such as built-in cabinets or bathroom vanities, as collateral. Borrowers may get lower annual percentage rates (APRs), longer repayment terms or larger loan amounts with secured loans, but the lender can take the collateral if you fail to repay the loan on time.

Direct payment to creditors with debt consolidation loans: Best Egg sends loan funds directly to creditors on debt consolidation loans. This feature takes the work of paying individual creditors out of borrowers' hands and eliminates any temptation to spend the money elsewhere.

Next-day funding: Best Egg says it makes instant approval decisions on loan applications and typically funds approved loans on the following business day.

Free credit score access and financial tools: This lender enrolls borrowers in its Best Egg Financial Health platform, a free resource that lets you monitor your credit score, track your spending, set debt payoff goals and more.

Where Best Egg personal loans fall short

Charges an origination fee: Best Egg charges an origination fee from 0.99% to 9.99%, which is deducted from the loan before funds are disbursed, reducing the loan amount.

No co-signed or joint loan options: Best Egg does not let borrowers apply for a loan with a co-signer or co-borrower. These options could boost a loan applicant’s chances of qualifying for a personal loan or getting a lower rate or higher loan amount.

How to use Best Egg personal loans

Do you qualify for a Best Egg personal loan?

Best Egg says its target audience is borrowers with fair, good or excellent credit. Borrowers must be U.S. citizens and at least 18 years of age to apply. The lender does not provide loans to residents of Iowa, Vermont, West Virginia or Washington, D.C.

Best Egg’s borrowing requirements

• Minimum credit score: 600.

• Maximum debt-to-income ratio: 70%, including mortgage payments.

• Minimum credit history: 3 years and 1 open account.

• Must provide a Social Security number, a valid U.S. bank account and proof of employment or income.

• Must not have any previous bankruptcies.

Best Egg’s average borrower snapshot

• Average borrower’s credit score range: 680 to 720.

• Average borrower’s debt-to-income ratio: 36% to 38%.

• Average borrower’s annual income range: $95,000 to $115,000.

• Average loan amount range: $12,000 to $15,000.

• Average APR range: 21% to 25%.

• Most common loan term: 3 years.

• Most common loan purposes: Debt consolidation and credit card refinancing.

» MORE: How to get a personal loan

How we rate Best Egg

NerdWallet writers and editors rate lenders against a rubric that changes each year based on how personal loan products evolve. Here’s how we scored Best Egg this year: