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.
by Sabrina Paes
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||8.99% 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 8.99% of the loan amount;|
|Early Payoff Penalty||None.|
Best Egg Personal Loan: how does it work?
Best Egg Personal Loan is currently 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 8.99%. So, it is important to carefully review your options before making such a major financial decision.
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 pros and cons comparison to help you decide.
- 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.
- Potentially high APR rate that reaches up to 35.99% depending on your credit score;
- Relatively high origination fees ranging from 0.99% to 8.99%;
- This lender offers no rate discounts.
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 have a loan of up to $50,000 and use it for various purposes.
However, to enjoy these benefits, you must have a FICO score of at least 600. It’s not necessarily an excellent score, but remember that the higher the score, the lower your rates.
Best Egg Personal Loan: applying for this loan today
The Best Egg Personal Loan can quickly get you out of trouble. However, some requirements are needed to apply and get approved. Check out the application details in the post below.
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