Best Egg Personal Loan Review (2026)
Best Egg review: Personal loans $2,000-$50,000, APR from 6.99%. Secured loan option available for better rates.
Well Suited For:
Loan Amount
$2,000 - $50,000
APR Range
6.99% - 35.99%
Funding Time
1-3 business days
Min. Credit Score
640
Fast Fair Loans Rating
Looking for Personal Loan Options?
Overview
Best Egg offers personal loans through Cross River Bank and Blue Ridge Bank. They stand out by offering both secured and unsecured personal loan options, with the secured option allowing borrowers to use their car as collateral for potentially better rates.
This is one of 22 lenders in our personal loan reviews. Before you commit to Best Egg, it's worth seeing how its terms stack up against a broader personal loan search, and against installment loans if you want predictable payments over a fixed term. Consolidating debt? Compare it with a purpose-built debt consolidation loan as well.
Pros and Cons
Pros
- Secured loan option for better rates
Best Egg uniquely offers secured personal loans using your vehicle as collateral. This can result in significantly lower rates than unsecured options.
- Free credit monitoring included
All Best Egg customers get free access to credit monitoring tools, helping you track your score and understand factors affecting it.
- Outstanding hardship support
If you hit a rough patch, Best Egg works with you through various payment plans rather than immediately pursuing collections.
- Choose your payment due date
Flexibility to select when your monthly payment is due, making it easier to align with your paycheck schedule.
- Quick prequalification process
Check your rate quickly with a soft credit pull that won't affect your credit score.
Cons
- Origination fee of 0.99% to 9.99%
Best Egg charges an origination fee that's deducted from your loan proceeds. Higher fees typically apply to riskier borrowers.
- Secured loans require collateral
To get the most competitive rates, you may need to pledge your vehicle as collateral, which puts it at risk if you default.
- Limited term options
Best Egg offers 36 to 60-month terms, which may not suit everyone's needs.
- Not available in all states
Best Egg doesn't operate in DC, Iowa, Vermont, and West Virginia.
Loan Details
| Loan Amounts | $2,000 - $50,000 |
| APR Range | 6.99% - 35.99% |
| Loan Terms | 36 to 60 months |
| Funding Time | 1-3 business days |
| Minimum Credit Score | 640 |
In-Depth Analysis
Best Egg is a lending platform that originates loans through partner banks Cross River Bank and Blue Ridge Bank. What sets Best Egg apart is their secured loan option: borrowers can use their vehicle as collateral to potentially qualify for lower rates. This flexibility makes Best Egg unique in the personal loan space. The company has facilitated over $24 billion in loans since 2014 and emphasizes financial wellness, offering free credit monitoring to all borrowers.
Key Features
Fees Breakdown
Best Egg charges origination fees ranging from 0.99% to 9.99%, with most borrowers paying around 4-6%. This is competitive for the fair credit market. The fee is deducted from your loan proceeds. For secured loans, rates and fees may be lower since the collateral reduces risk. There are no prepayment penalties. Best Egg also offers direct payment to creditors for debt consolidation loans at no extra charge.
Requirements
- Minimum credit score of 640
- Minimum annual income of $15,000
- U.S. resident with valid SSN
- Valid bank account
- Debt-to-income ratio under 40%
What to Expect as a Customer
Best Egg's application is straightforward with a quick prequalification process that won't affect your credit score. If you're considering a secured loan, you'll need to provide vehicle information. The standout perk is free credit monitoring included with every loan: this helps you track your score as you make payments. Funding typically takes 1-3 business days. What really sets Best Egg apart is their outstanding customer service. If you ever find yourself in financial difficulty, Best Egg's support team goes above and beyond to help you get back on your feet. They offer multiple hardship payment plans and approach struggling borrowers with genuine empathy and understanding rather than aggressive collection tactics. Their representatives take the time to listen and work with you to find a solution that fits your situation. This level of care and compassion in customer service is exceptional in the lending industry: if you're worried about what happens if you hit a rough patch, Best Egg has your back.
Who Is Best Egg Well Suited For?
Best Egg works well for borrowers with fair to good credit who want flexibility in their loan options. Those with vehicle equity may benefit from the secured loan option.
Not sure your profile is a fit? If your score is the concern, our rundown of loan options for lower credit scores walks through what tends to get approved, and our fair-credit loan guide covers the middle tier.
Typical Best Egg Borrower Profile
Based on available data, here's the profile of a typical Best Egg borrower:
Credit Score
700
Monthly Income
$5,500
Loan Amount
$15,000
Average APR
15.5%
Loan Term
48 months
Top Purpose
Debt Consolidation
Note: This represents a typical borrower profile and does not guarantee approval or specific terms. Your actual rate and loan amount will depend on your individual financial situation.
State Availability
Best Egg is available in 46 states. The following states are not covered:
If you live in one of these states, consider exploring alternative lenders. State availability may change, so check Best Egg's website for current information.
How Does Best Egg Compare to Alternatives?
| vs Competitor | Choose Best Egg if... | Choose Competitor if... |
|---|---|---|
| Prosper | Secured loan option, free credit monitoring included | Prosper offers joint loans, slightly lower fees for some |
| Upgrade | May have better rates for some borrowers | Upgrade offers longer terms (84 months), credit-building tools |
| LendingClub | Lower origination fees for most borrowers | LendingClub accepts lower credit (600 vs 640) |
How to Apply
Check your rate with a soft credit pull
Choose between secured and unsecured options
Complete your application with required documents
Receive final approval decision
Get funded within 1-3 business days
The Bottom Line
Best Egg is a solid choice for borrowers with fair to good credit who want options. The secured loan feature is genuinely useful, if you have vehicle equity, you may qualify for significantly better rates than unsecured options. The included credit monitoring is a nice touch that helps you build credit awareness. If you're between 640-720 credit score and want flexibility, Best Egg deserves consideration. Just compare both secured and unsecured offers to see which works better for your situation.
Frequently Asked Questions About Best Egg
Need Help Finding the Right Loan?
Learn More About Personal Loans
Compare Other Lenders
Disclaimer
This review is for informational purposes only. Rates, terms, and availability may vary and are subject to change. Always verify current terms directly with Best Egg before applying. Fast Fair Loans is not affiliated with Best Egg and may receive compensation from lenders in our network. See our Advertiser Disclosure for more information.