Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
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Best Egg personal loans can be used for purposes including:
You cannot use a Best Egg personal loan to fund postsecondary education or securities purchases.
You can check your rate and receive a preapproval letter from Best Egg with a soft credit inquiry. Customers can apply for a Best Egg personal loan online or over the phone by providing personal and financial information. Online applications can be approved within minutes, and Best Egg may be able to send you loan funds in one business day.
Best Egg loans have fixed APRs ranging from 8.99% to 35.99%, with repayment terms from three to five years. The minimum loan amount is $2,000 in most states, and the maximum loan amount is $50,000. Borrowers can hold two Best Egg loans simultaneously, but the total amount owed can’t exceed $100,000.
These loans have no prepayment penalty or application fee. The loan origination fee ranges from 0.99% to 8.99%. Best Egg also charges a late fee and a $15 returned payment fee.
Best Egg looks at your debt-to-income ratio and information from credit bureaus, including your credit score. The lender provides a DTI tool to give you an idea of where you stand with money you earn vs. money you owe. You may be asked for a pay stub as proof of income or a utility bill to confirm your address. Loans are limited to U.S. citizens and permanent residents of legal age. The company does not disclose a minimum gross monthly income to get a loan, but the best rates are reserved for applicants with an annual income of $100,000 or more and a FICO credit score of at least 700.
Best Egg does not have a minimum credit score requirement, but its website lists a score of 640 as generally enough to get approved. Applicants whose FICO score is 700 or higher and who make at least $100,000 per year may be eligible for Best Egg’s best APR. The lender performs a soft credit check to preapprove you for a personal loan, so there is no impact on your credit score until you accept a loan.
Best Egg accepts loan applications from U.S. citizens and permanent residents of legal age in 47 states. Residents of Iowa; Vermont; West Virginia; Washington, D.C.; and U.S. territories are not eligible. Loans must be at least $6,500 in Massachusetts, $5,000 in Ohio and $3,000 in Georgia.
Best Egg has an A+ rating from the Better Business Bureau. Best Egg is also rated an excellent 4.6 stars out of 5 on Trustpilot based on nearly 8,000 reviews.
In 2022, the Consumer Financial Protection Bureau received 25 personal-loan-related complaints about Best Egg’s parent company, Marlette Funding. The most common complaint was unexpected fees or interest. The company responded to all complaints in a timely manner and closed all with an explanation.
You can reach Best Egg agents by calling 855-282-6353 Monday through Thursday from 8 a.m. to 10 p.m., Friday from 8 a.m. to 8 p.m. and Saturday from 9 a.m. to 6 p.m. Eastern Time.
Borrowers can go online to get a rate quote, complete a personal loan application and close the loan once it’s approved. The Best Egg Account Portal allows borrowers to view their loan balance and next payment due date. Monthly statements are available online for borrowers who enroll in automatic payments.