Best Egg Personal Loan Overview
Best Egg offers unsecured personal loans for various purposes like debt consolidation, home improvement, medical expenses, or major purchases. It’s known for fast approval and quick funding.
📋 Application Process
- Pre-Qualification
- Go to the Best Egg website
- Enter basic details (name, income, SSN, employment)
- A soft credit check is done (does NOT affect your credit score)
- Submit Application
- If pre-qualified, upload required documents
- A hard credit check is performed
- Confirm loan terms and submit the application
- Loan Approval & Funding
- Once approved, funds are typically deposited in 1–3 business days
📄 Required Documents
You may need to provide:
- Proof of Income: Pay stubs, W-2s, or tax returns
- Proof of Identity: Driver’s license or government-issued ID
- Bank Account Info: Account and routing numbers for fund transfer
- Proof of Address: Utility bill, lease, or bank statement
✅ Eligibility Criteria
To qualify for a Best Egg personal loan:
- Minimum Credit Score: Around 600+
- Minimum Age: 18+ (based on your state)
- Residency: U.S. citizen or permanent resident
- Bank Account: Active personal checking account
- Stable Income and valid email ID
💰 Loan Terms & Fees
| Feature | Details |
|---|---|
| Loan Amount | $2,000 – $50,000 |
| APR (Interest Rate) | 6.99% – 35.99% (based on credit profile) |
| Loan Term | 36 to 60 months |
| Origination Fee | 0.99% – 9.99% (deducted from loan) |
| Prepayment Penalty | None |
🎁 Benefits
- ✅ Fast online application & approval
- ✅ Funds in your bank within 1–3 business days
- ✅ No prepayment penalty
- ✅ Fixed monthly payments
- ✅ Transparent terms with upfront origination fee
🏦 About Best Egg (Company Info)
- Best Egg is a financial technology platform offering personal loans.
- Loans are originated by Cross River Bank, Blue Ridge Bank, or Column N.A., all members of the FDIC.
- Best Egg is managed by Marlette Funding, a fintech company based in Delaware.
- It’s trusted by over 1 million customers and has disbursed $20+ billion in loans.
Best Egg Personal Loan – FAQs
1. What is Best Egg?
Best Egg is an online lending platform offering personal loans for debt consolidation, home improvement, and other personal expenses. Loans are issued by FDIC-member banks.
2. Who issues the loan through Best Egg?
Best Egg loans are originated by Cross River Bank, Blue Ridge Bank, or Column N.A., all of which are FDIC-insured.
3. What is the loan amount I can get?
You can borrow between $2,000 to $50,000, depending on your creditworthiness and state regulations.
4. How quickly can I get the money?
If approved, funds are usually deposited into your bank account in 1 to 3 business days.
5. What credit score is required?
A minimum credit score of 600 is generally required, but higher scores qualify for better interest rates.
6. Are there any fees?
Yes, there’s an origination fee of 0.99% to 9.99%, which is deducted from the loan amount.
✅ No prepayment penalties.
7. Does checking my rate affect my credit score?
No. The initial pre-qualification process involves a soft credit check, which does not affect your credit score.
A hard credit check is done only after you submit a full application.
8. Can I repay my loan early?
Yes! You can repay your loan anytime without a penalty.
9. What can I use the loan for?
You can use the loan for:
- Debt consolidation
- Home repairs or improvements
- Medical bills
- Travel
- Major purchases
- Any other personal expenses
🔟 Is Best Egg safe and legitimate?
Yes. Best Egg is operated by Marlette Funding, LLC, and partners with FDIC-insured banks, making it a safe and legitimate lending option.