Best Egg Personal Loan Review 2025: Pros, Cons, and Alternatives

Best Egg is an online lending platform owned and operated by Marlette Holdings. For this review, Business Insider's personal finance team compared Best Egg personal loans to the best fast-funding personal loans of 2025 and found it to be an industry leader thanks to its quick access to funds, even on short-term loans.

It may take one to three business days for Best Egg to review your documents and get funding. The company is also best for borrowers with a good credit history and a high income  — you'll need a minimum 600 FICO score and a minimum annual income of $100,000 to be eligible for the best APR. 

Best Egg Personal Loan Overview

Key Features of Best Egg Personal Loans

• Regular annual percentage rate (APR): 6.99% to 35.99%.
• Minimum credit score: 600
• Loan amount range: $2,000 to $50,000
• Origination fees between 0.99% and 9.99%
• Term lengths range between three to five years
• Funding as soon as the next business day after loan approval
• Unavailable in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories

How To Apply for a Best Egg Personal Loan

The loan application process for a Best Egg personal loan is done through its website.

Best Egg Personal Loan Eligibility Criteria

Before you apply for a Best Egg personal loan, be sure you meet the basic requirements. These include:

• Being a U.S. citizen or permanent resident living in the U.S.
• Being of legal age to accept a loan in the state where you live
• Having a verifiable personal checking account with a routing number
• Having a valid email
• Having a physical address, not a P.O. box

Best Egg Personal Loan Application Process

1. Provide details on Best Egg's website. You'll need to input your email and basic personal information. Then you'll be asked how much you want to borrow and how you plan to use the money. To get you a rate quote, Best Egg will run a soft credit check, which doesn't affect your credit score. 
2. Preview different loan offers and choose an option. Best Egg will give you loan offers with a variety of rates and term lengths. Pick one you can fit into your monthly budget. 
3. Submit an application and await loan approval. After you pick an option that makes sense for you, formally submit your application. Then, the company will conduct a hard credit inquiry, which gives it a comprehensive view of your credit history but is likely to temporarily lower your credit score.
4. Receive your funds after signing your agreement. Most customers will get their money within two days after getting a loan with Best Egg.
5. Work loan payments into your monthly budget. Make sure you have enough money to cover all of your financial responsibilities.

Best Egg Interest Rates and Fees

Interest Rates and Fees

Best Egg Personal Loans' interest rates have APRs ranging from 6.99% to 35.99%, which includes origination fees. Origination fees with Best Egg Personal Loans vary from 0.99% and 9.99%, and the fee is deducted from the loan itself. You will not run into any application fees or prepayment penalties with your Best Egg loan, but there is a $15 late payment fee if a payment is missed.

While Best Egg's lower interest rates are competitive for borrowers with strong credit, its origination fees are higher than some competitors. Lenders like SoFi and LightStream do not charge origination fees, while others, like LendingClub, cap their fees at 8%.

If you're considering Best Egg, it's important to factor in these costs when comparing loan offers to ensure you're getting the best overall deal.

Loan Terms

Borrowers can apply for loan amounts generally ranging from $2,000 to $50,000. This amount varies by state and is offered based on certain underwriting conditions, as well as the reason for your loan. Repayment periods range from three to five years.

While this range is suitable for many borrowers, those who need a higher loan amount may find Best Egg limiting. Some lenders, like SoFi and LightStream, offer personal loans up to $100,000, making them a better fit for borrowers.

Best Egg Personal Loan Pros and Cons

Best Egg Pros

• Quick access to funds. Around half of Best Egg customers will receive their money the day after applying for the loan. For those who don't receive money the next day, after successful verification, your money can be deposited in your bank account within one to three business days.
• Homeowner discount. Homeowners can save more with secured loans, as Best Egg offers a homeowner discount. It has an average APR discount of 20%, which could be worthwhile if you're looking to get a personal loan for home improvements.
• Direct pay feature. Unsecured loan borrowers at Best Egg can send their loan proceeds to credit cards, retail cards, and personal loans and pay off the accounts directly.
• High customer satisfaction. Best Egg boasts a high customer satisfaction rate, which is supported by its A+ Better Business Bureau trustworthiness score. 
• No prepayment penalty. If you decide to pay off your loan before your term expires, you won't have to pay an additional fee. 

Best Egg Cons

• Origination fees. You'll face an origination fee between 0.99% and 9.99%, which is baked into your APR. On a loan term of four years or longer, the origination fee will be at least 4.99%. You can find lenders that don't charge origination fees.
• High maximum APR. Compared to competitors like Discover and LightStream, Best Egg's maximum APR is high. 
• No mobile app for loans. Unlike other lenders, Best Egg does not have a mobile app that allows you to make loan payments.
• Unavailable in a few states and D.C. You won't be able to get a loan if you live in Iowa, Vermont, West Virginia, or the District of Columbia.

Best Egg Alternatives

Although rates are specific to borrowers, Best Egg's interest rates are only a little higher than those offered by other big-name lenders.

Best Egg vs. Discover Personal Loans

You'll pay a late fee with both Best Egg and Discover — Best Egg's late fee is $15, while Discover personal loans may charge a late fee of $39. Discover charges no origination fee, while Best Egg's origination fee ranges from 0.99% and 9.99% of your loan amount. Processing times are similar between both lenders with most customers receiving their money within one to three business days.

Discover Personal Loans review

Best Egg vs. LightStream Personal Loan

While you'll pay a $15 fee if you're late with a payment on your Best Egg personal loan, LightStream doesn't charge late fees. LightStream also offers larger loan amounts up to $100,000, twice that of Best Egg's maximum amount set at $50,000. However, it might be harder for those with fair credit to be approved for a LightStream personal loan as the lender requires good to excellent credit (typically 660+ credit score). 

LightStream Personal Loans review

Best Egg Personal Loan Customer Experiences

Best Egg boasts very high customer satisfaction rates, which are reflected in reviews left at TrustPilot as well as in its top rating at the Better Business Bureau.

The company is rated 4.6 out of 5 at TrustPilot, with 88% of more than 8,800 reviewers giving it five stars. Satisfied customers cite a simple and seamless process, with many specifically pointing out the ease with which they were able to connect with a live loan specialist who could answer questions and help them along instead of being funneled through an automated system.

Similarly, the company has an average rating of 4.9 out of 5 among more than 2,800 customer reviews of Best Egg left with the Better Business Bureau. The BBB, which doesn't use customer reviews when making evaluating companies, assigns Best Egg an A+, its highest rating.

Why You Should Trust Us: How We Rated Best Egg

We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:

• Interest rate (20% of rating)
• Fees (20% of rating)
• Term lengths and loan amounts (15% of rating)
• Funding speed (15% of rating)
• Borrower accessibility (15% of rating)
• Customer support (7.5% of rating)
• Ethics (7.5% of rating)

Each category's weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan's terms, so they have less of an impact on the overall rating.

See more on how we rate personal loans »

Best Egg Personal Loan FAQs

Ryan Wangman

Loans Reporter

Ryan Wangman reports on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans. In his past experience writing about personal finance, he has written about credit scores, financial literacy, and homeownership, and obtained his CEPF. He graduated from Northwestern University and has previously written for The Boston Globe. 

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Layla Melendez

Personal Finance SEO Editing Fellow

Layla Melendez is a personal finance SEO editing fellow based in New York City, specializing in optimizing content to help readers navigate financial decisions with ease and confidence. With over a year of experience in student journalism, she has developed expertise in copyediting, content creation, and digital media management, including working with CMS platforms to organize, upload, and manage digital archives. She recently joined the team at Business Insider in January 2025, where she works on enhancing the accessibility and visibility of personal finance content for a global audience.ExperienceLayla is passionate about making financial literacy approachable and practical. In her role, she focuses on optimizing personal finance articles, with a focus on student loans, personal loans, and mortgages.Before joining Business Insider, Layla gained experience in communication, journalism, and media through a variety of roles:

• At Relentless Awareness, she developed press materials and advocacy campaigns, including efforts that contributed to a $50 million funding boost for upstate NY cities.
• As a World News Intern for GBH’s The World, she edited and published digital stories, designed social media posts, and contributed to newsletter production.
• During her time with the NYC Comptroller’s Office, she managed social media accounts, created engaging IG Reels, and captured event photography featured in outlets like Politico and City & State NY.

ExpertiseLayla’s growing expertise includes:

• SEO strategy and content optimization
• Financial literacy education for beginners
• Digital storytelling, copywriting, and social media management
• Multimedia content creation using tools like Canva, Adobe Creative Suite, and WordPress

EducationLayla holds a degree in Communication and Journalism from the University at Albany, SUNY, where she has been recognized for academic excellence with awards such as the Spellman Academic Achievement Award and the Summa Cum Laude distinction.When she’s not working, Layla enjoys travel, listening to music, reading, and seeking out new experiences across the city.

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Elias Shaya

Compliance and Operations Associate

Elias Shaya is a Compliance and Operations Associate on Business Insider's personal finance team in New York. He collaborates with the editorial team to provide timely, accurate, and impartial financial advice to readers ExperienceElias is a point person on multiple personal finance topics, from credit cards to investment products. He ensures editorial content is transparent and accessible through clear and precise language while also complying with regulatory and partner marketing guidelines. Since joining as a compliance fellow in 2022, Elias has played a crucial role in the team’s compliance efforts, ensuring no stone is left unturned. His close attention to detail and broad knowledge of various complex financial subjects help minimize risk for partners while protecting editorial independence so readers get the best possible advice. Expertise: Elias’ expertise includes:

• Credit cards
• Investing
• Loans
• Mortgages

Education: Elias graduated from the College of Staten Island with a degree in International Business.When he’s not reviewing or updating personal finance topics, Elias enjoys traveling, comedy shows, and binge-worthy TV shows.

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