Best Egg

NMLS #1610752
NMLS #1717824
Best Egg offers unsecured personal loans for various needs, known for its quick online application and funding process for individuals with good credit.
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Disclosure
TrustPilot Trust Score = 4.6* *Trustpilot TrustScore as of April 2025. Best Egg loans are personal loans made by Cross River Bank, a New Jersey Chartered Bank, Member FDIC, Equal Housing Lender, or Column N.A., Member FDIC, Equal Housing Lender. The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500; Ohio, $5,001; and Georgia, $3,001. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 6.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%– 9.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. Eligibility for the best available rate subject to creditworthiness. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa,Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL– Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/
Pros
Quick funding
Simple application process
Good for debt consolidation
Cons
High origination fees
Higher rates for lower credit scores
Limited loan amounts
SnapshotOverviewCustomer ViewsSimilar Lenders

Snapshot

Year Founded
2014
Address
1000 N West St, Suite 1200, Wilmington, DE 19801
Estimated # of Employees
500-700
Composite Score
9.32
Trustpilot Reviews
4.6
(
10,724
Reviews)
BBB Reviews
A+
(
3,303
Reviews)
Website Link
https://www.bestegg.com

Overview

Best Egg, a prominent online lender, was launched in 2014 under Marlette Funding, LLC, and has since carved out a significant niche in the unsecured personal loan market. Its fundamental mission is to deliver simple, remarkably fast, and highly accessible financial solutions designed to assist everyday Americans in effectively managing their finances, consolidating existing debt, or covering unexpected expenses. Best Egg differentiates itself by employing sophisticated advanced analytics and machine learning algorithms to assess creditworthiness, moving beyond traditional credit scores alone. This innovative approach allows them to offer loans to a broader spectrum of consumers, although their primary focus remains on individuals with good to excellent credit profiles seeking rapid access to personal funds.

Customer Views

What They Like

Customers frequently laud Best Egg for its remarkably quick funding process, with a high percentage of approved applicants receiving their funds within just one business day, which is invaluable for urgent financial needs. The online application process is consistently praised for being straightforward, intuitive, and user-friendly, simplifying the borrowing experience. Many borrowers find Best Egg to be an exceptionally effective solution for debt consolidation, enabling them to streamline their financial obligations and potentially achieve savings on interest payments. Overall, the combination of its efficient digital platform and seamless borrowing experience makes it a popular choice for those seeking rapid and hassle-free access to personal funds.

What They Dislike

However, a common point of contention highlighted in online reviews is the presence of high origination fees, which are deducted directly from the disbursed loan amount, effectively reducing the net funds received. Additionally, borrowers with less-than-perfect credit scores may encounter higher interest rates, making the loan more expensive over its term. Some customers also find that the maximum loan amounts offered by Best Egg can be relatively limited when compared to the offerings of some of its larger or more traditional competitors, potentially restricting its utility for larger financial needs.

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FAQs

Are loan offers ranked or biased in any way?

Score Credit is a free service for consumers. We partner with a network of vetted lenders and may receive compensation when a user checks their rate or takes out a loan through one of our partners. This helps us keep the platform free to use and maintain a high-quality experience. Our compensation has no impact on how your loan options are presented — you’ll always see real, personalized offers based on your credit profile and financial needs.

Does Score Credit receive compensation from lenders?

Score Credit is a free service for consumers. We partner with a network of vetted lenders and may receive compensation when a user checks their rate or takes out a loan through one of our partners. This helps us keep the platform free to use and maintain a high-quality experience. Our compensation has no impact on how your loan options are presented — you’ll always see real, personalized offers based on your credit profile and financial needs.

Best Egg

's customers are saying...

Point was great!!!! They gave me money from my home equity when no one else would. I did not qualify for refi or reverse mortgage. They were fast and the customer service was great. I recommend them, highly.
Terri C.
I think is a better alternative to refinance similar in my opinion to a reverse mortgage. your immediate cash flow is not impacted if what you are trying to do is control your cashflow by eliminating smaller loans that do impact your current cashflow.
Jose Castillo
This HEI was a perfect fit for me. Retired and on a fixed income, I found I was paying interest on home equity loans each month. I never seemed to be able to reduce those loans, which meant I was cash-poor each and every month. I was able to pay off all those loans, leaving me with some cash each month. The payoff will happen when I sell my home in the future.
Bruce M.
The Point process was a lifesaver for me. It allowed me to get completely out of a lot of debt and to make the changes I wanted to make in my house to enjoy my old age. The application process was very easy - just get in what they ask you for as timely as possible. Crystal and John were two of the nicest people you could ever hope to meet. They both got things done as fast as possible - we closed in a month. I see this, especially for elderly people who don't have a lot of equity in their home and can't do a reverse mortgage, as another good option.
Bonnie C.