Best Egg

Best Egg is an online lending platform developed by Marlette Funding. It offers unsecured personal loans to helping people with debt consolidation, home improvements, and major purchases. Best Egg is known for its fast approval process and flexible payment options, having funded over $24 billion in loans.

The platform also offers the "Best Egg Visa Credit Card" and a financial health tool called "Financial Health." Best Egg targets consumers with good to fair credit and is consistently rated highly for customer satisfaction. It is a legitimate lender partnered with Cross River Bank to issue loans.

Frequently Asked Questions

1. specific minimum credit score?

Best Egg generally requires a minimum FICO score of 600 to qualify for a personal loan. However, applicants with scores of 700 or higher typically receive the best interest rates and loan terms.

2. Can I check my rate without hurting my credit?

Yes, Best Egg allows you to check your rate using a "soft pull," which does not impact your credit score. A hard inquiry, which may affect your score slightly, is only performed if you accept the loan offer and proceed with funding.

3. specific origination fee?

Yes, Best Egg charges an origination fee ranging from 0.99% to 8.99% of the loan amount. This fee is deducted from the total loan balance, so you should request enough to cover both your needs and the fee.

4. specific collateral needed?

Most Best Egg loans are unsecured, meaning you do not need to provide collateral like a house or car. However, they recently introduced a "Secured Loan" option for homeowners, which attaches a lien to your home fixtures in exchange for a lower rate.

5. How fast do I get the money?

About half of Best Egg customers receive their funds the next business day after approval. The overall process is streamlined to be quick, although additional document verification can sometimes extend the timeline.