Loans
Best Egg Personal Loan review: is it worth it?
Get to know the features, pros, and cons of the Best Egg Personal Loan. Compare this lender's details to help you decide whether this is the right option for you! Read on.
Advertisement
Best Egg Personal Loan: approval of up to $50,000 quickly and hassle-free
Wondering if this lender is the right option for you? Then read our Best Egg Personal Loan review and find out. It may be an option for those who want some help with their financial lives.
After all, you can apply for between $2,000 and $50,000. Also, there are some associated fees, but you can use the loan for various purposes. Learn all about the Best Egg Personal Loan.
APR | 6.99% to 35.99% Variable |
Loan Purpose | Debt consolidation and credit card refinancing, Home improvements, Moving expenses, Auto repairs, medical bills, travel, special occasions, Baby and Adoption, and other major expenses; |
Loan Amounts | $2,000 to $50,000; |
Credit Needed | 600 or more; |
Origination Fee | Between 0.99% and 9.99% of the loan amount; |
Late Fee | N/A; |
Early Payoff Penalty | None. |
Best Egg Personal Loan: how does it work?
Best Egg Personal Loan is one of the more popular online lending platforms. Moreover, it offers loan amounts ranging from $2,000 to $50,000.
After all, Best Egg is a great option for people looking to pay off some high-interest debt or take care of a large purchase.
What sets Best Egg apart from many other lenders is the Direct Pay feature, which makes it easy for borrowers to consolidate their credit card debt into one simple payment.
This lender offers fast funding. As a result, you can access the loan amount in as little as 24 hours. Plus, applicants can check their rates in minutes with no credit damage.
However, Best Egg’s origination fees can be fairly steep at 9.99%. So, it is important to carefully review your options before making such a major financial decision.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Is it worth it to apply for Best Egg Personal Loan?
Best Egg Personal Loan is a good option for people with a FICO Score of at least 600. In addition, it offers a loan of up to $50,000 with a relatively high APR rate.
In addition, you have associated origination fees and other return fees. Also, the official website does not clarify some terms related to the loan. Check out the comparison of pros and cons to help you decide.
Benefits
- Simple application process;
- Up to $50k as loan amount;
- Get your funds in as little as one business day;
- Enjoy direct payments option to creditors with the debt consolidation loan;
- Use your loan for multiple purposes;
- It charges no late payment or pre-payment fee.
Disadvantages
- Potentially high APR rate that reaches up to 35.99% depending on your credit score;
- Relatively high origination fees ranging from 0.99% to 9.99%;
- This lender offers no rate discounts.
Best Egg Personal Loan: applying for this loan today
The Best Egg Personal Loan can quickly get you out of trouble. However, some requirements need to be applied and approved. Check out the application details in the post below.
What credit scores are required for the application?
This Best Egg Personal Loan review offers a possible solution for your financial life. After all, you can loan up to $50,000 and use it for various purposes.
However, you must have a FICO score of at least 600 to enjoy these benefits. It’s not necessarily an excellent score, but remember that the higher the score, the lower your rates.
Applicants must be of legal age in their state. Plus, they must have a verifiable personal checking account with a routing number, a valid email, and a physical address.
Apply online
Applying for a Best Egg personal loan is simple and easy! You must access their official website and select the “Check My Rate” option. Inform your email address to get started.
Next, you must provide information regarding the loan you want to apply for, including the loan amount and purpose. After that, complete a small form with your personal information.
After submitting it, review the available offers tailored to your budget and needs. Then, accept the offer and wait for a hard credit inquiry.
If approved, you could sometimes get your loan as soon as the next business day! Apply today and get started with your loan from Best Egg!
Apply on the app
If you want to apply for the Best Egg Personal Loan, know it can only be done through their official website. Still, Best Egg provides an excellent mobile app to its customers.
It is available for download in the Apple and Google Play store. Through this useful tool, borrowers can easily manage their loans and more.
Best Egg Personal Loan vs. Rocket Loans: which one is the best for you?
Best Egg Personal Loan is very good to apply for if you have a good credit score. After all, you have your approval in a few minutes, and the money is quickly released.
However, you can also think of an alternative: Rocket Loans. With this loan, you don’t need a high credit score and get up to $45,000. Check out the comparison and choose the best one for you.
Best Egg | Rocket Loans | |
APR | 6.99% to 35.99% (Variable) | 9.116% to 29.99%; |
Loan Purpose | Debt consolidation and credit card refinancing, Home improvements, Moving expenses, Auto repairs, medical bills, travel, special occasions, Baby and Adoption, and other major expenses; | Debt Consolidation, Home Improvement, Expenses Related to Automobiles, Travel, and Vacations, and Other Major Expenses; |
Loan Amounts | $2,000 to $50,000; | $2,000 to $45,000; |
Credit Needed | Minimum FICO Score of 600; | Fair credit; |
Origination Fee | Between 0.99% and 9.99% of the loan amount; | Up to 7%; |
Late Fee | N/A; | Pay a $15 late fee for each payment cycle if the payment is late; |
Early Payoff Penalty | None. | None. |
Are you interested in learning what else Rocket Personal Loan has to offer? Great! Read our following article. We’ll explain the eligibility requirements and the application process in detail.
Rocket Loans personal loan review: is it worth it?
Do you need a loan with no hidden fees and that you can apply for online? Read on to learn about the Rocket Loans personal loan application!
Trending Topics
What is a wedding loan, and should you get one?
Need help paying for your big day's party? Check out how a wedding loan can help you have the party of your dreams.
Keep ReadingBank of America® Unlimited Cash Rewards credit card full review
The Bank of Bank of America® Unlimited Cash Rewards credit card offers up to 2.62% cash back on, unlimited redemptions and zero fees
Keep ReadingBinance is moving to protect its users after Luna’s collapse
Binance CEO Changpeng Zhao has announced that the exchange will provide support for Luna investors affected by the crash.
Keep ReadingYou may also like
Achieve Personal Loan (formerly FreedomPlus) review: is it worth it?
Read our Achieve Personal Loan review and learn more about this lender's services! Borrow up to $50,000 for multiple purposes!
Keep ReadingDestiny card or Revvi card: find the best choice!
Unsure if you should get a Destiny or Revvi card? Check out this comparison to see which one comes out on top for your financial needs!
Keep ReadingApplying for the First savings card: learn how!
Do you know how to apply for the First Savings credit card? This post will show you how to get a new credit card and use it to build credit.
Keep Reading