Best Egg Personal Loans Review

Best Egg Personal Loans Review

Online lender Best Egg was established in 2014, and Marlette Holdings, a provider of financial technology, owns and runs it. Personal loans starting at $2,000 are available to borrowers to pay for a variety of needs, including medical bills and home improvement projects. Loans can be funded in as little as one business day and are provided by the Cross River Bank in New Jersey or the Blue Ridge Bank in Virginia.

With a soft credit inquiry, you can verify your rate and get a preapproval letter from Best Egg. Customers can apply for a Best Egg personal loan by supplying personal and financial information online or over the phone. Online loan applications can be accepted quickly, and Best Egg might be able to pay you the money for your loan within one working day.

Best Egg loans provide fixed APRs that range from 8.99% to 35.99% and three- to five-year repayment durations. In most states, the minimum loan amount is $2,000 and the maximum loan amount is $50,000. While a borrower may hold two Best Egg loans at once, the total amount owing is limited to $100,000.

Your debt-to-income ratio and data from credit bureaus, including your credit score, are taken into consideration by Best Egg. The lender offers a DTI calculator so you may see how much you earn compared to what you owe.

A pay stub as evidence of income or a utility statement as proof of your address can be requested. Loans are only available to legal age U.S. citizens and permanent residents. The lender does not specify a minimum gross monthly income required to qualify for a loan, but those who earn $100,000 or more annually and have credit scores of at least 700 are eligible for the best rates.

Best Egg does not have a minimum credit score requirement, but according to their website, a score of 640 is typically sufficient to be authorised. Candidates who have a FICO score of 700 or above and an annual income of at least $100,000 may be qualified for the best APR offered by Best Egg. Your credit score won’t be impacted until you accept a loan offer because the lender runs a light credit check to preapprove you for one.

Citizens of the United States and lawful permanent residents of 47 states may apply for loans through Best Egg. You cannot apply if you live in Iowa, Vermont, West Virginia, Washington, D.C., or a US territory. In Massachusetts, Ohio, and Georgia, loans must be at least $6,500, $5,000, and $3,000, respectively.

The Better Business Bureau has rated Best Egg A+. On Trustpilot, Best Egg is awarded an outstanding 4.6 stars out of 5 based on close to 8,000 reviews.

The parent firm of Best Egg, Marlette Funding, was the subject of 25 complaints from consumers for personal loans in 2022. Unexpected fees or interest was the most frequently voiced issue. The business promptly addressed each concern and resolved it with an explanation.

Callers can get in touch with Best Egg representatives by dialling 855-282-6353 from 8 a.m. to 10 p.m. Eastern Time on Monday through Thursday, 8 a.m. to 8 p.m. on Friday, and 9 a.m. to 6 p.m. on Saturday.

Online applications for personal loans can be completed by borrowers, who can then conclude the loan once it has been accepted. Borrowers can monitor their loan balance and next payment due date on the Best Egg Account Portal. Online access to monthly statements is accessible to enrolled borrowers.