Best Egg Personal Loans: 2026 Review

Pros and Cons of Best Egg

Pros of Best Egg

As highlighted in the Best Egg reviews above, customers generally appreciate that they may get approved for Best Egg personal loans within minutes and receive updates via email.

You could potentially receive your fixed-rate loan proceeds within one to three business days, and there’s no prepayment penalty for paying off the loan early.

Cons of Best Egg

Best Egg may deduct an origination fee from your principal loan amount. A $10,000 Best Egg loan with a 4.99% origination fee, for example, would leave you with $9,501 of loan proceeds. Consumers with credit scores below 600 may not qualify for Best Egg personal loans.

You may need excellent credit and an annual income of at least $100K to qualify for Best Egg’s lowest APR. Residents of Iowa, Vermont, West Virginia, the District of Columbia, and U.S. territories are ineligible for Best Egg personal loans.

Best Egg Personal Loan Terms, Rates, and Fees

Loan amounts: $2,000 to $50,000

APR range: 6.99% to 35.99%

Loan terms: Minimum term of 36 months and a maximum term of 60 months

Prepayment penalty: No

Application fee: Origination fee may range from 0.99% to 9.99%

Co-borrowers allowed: No

Approval speed: Loan approval may occur within minutes. Loan proceeds could potentially be received within one to three business days.

Information accurate as of Aug. 05, 2026.

Who May a Best Egg Personal Loan Be Right For?

A Best Egg personal loan may be right for the following demographics:

• Creditworthy consumers who need a large $20,000 personal loan. Best Egg provides loan amounts of up to $50,000.

• Applicants in the market for a $2,000 personal loan. If you’re looking to borrow just a small amount, Best Egg may be an option to consider.

• Borrowers who want fast funding. Once approved, borrowers may get their loan money within one to three business days.

Who Best Egg May Not Be Right For

A Best Egg personal loan may not be right for the following demographics:

• Couples who want joint personal loans. Best Egg does not provide loans to co-borrowers.

• Borrowers who don’t want to pay origination fees. Best Egg charges origination fees ranging from 0.99%-9.99%.

• Consumers with bad credit. You may need a fair credit score of at least 600 to be approved for a loan from Best Egg.

What to Watch Out for With Best Egg Personal Loans

• APRs may be as high as 35.99%.

• Borrowers need a high income and good credit to get the best rates from Best Egg. 

• Best Egg potentially does a hard credit check before approving a loan, which could affect your credit score.

• Residents of certain states are required to take out higher minimum loan amounts. In Massachusetts, the minimum amount is $6,500; in Ohio it’s $5,001; and in Georgia it’s $3,001.

Best Egg Personal Loan Eligibility Requirements

For starters, you’ll generally need to meet these personal loan qualifications:

• Be a U.S. citizen or permanent resident

• Be of legal age to accept a loan in your state

• Have proof of identity

• Have proof of income

• Have a credit score of at least 600 and meet other underwriting standards 

• Have a verifiable personal checking account with a routing number

• Have a valid email address

• Reside in an eligible state (residents of Iowa, Vermont, West Virginia, the District of Columbia, and U.S. territories may not be eligible for Best Egg personal loans)

Repayment Options for Best Egg Personal Loans

• Enrolling in auto pay

• Making one-time payments online

• Making one-time payments via telephone

• Using Best Egg’s pay-by-text process

• Mailing a check or money order to Best Egg

Best Egg does not charge prepayment penalties, so you may make additional payments or pay off your loan early without additional fees

How to Apply for a Best Egg Personal Loan

• Apply online. Get started by answering basic questions on a digital platform, including your name and address. You may check whether you have any prequalified loan options from Best Egg. Seeing your loan options won’t affect your credit score, but applying for one may trigger a hard inquiry that could cause your credit score to drop by several points.

• Verify information. Best Egg may request that you provide supporting documents for verification purposes, such as proof of income. Recent pay stubs, bank statements, or W-2s may serve as proof of income. Best Egg may also request proof of identity.

• Accept the loan. Approved applicants may sign and accept the loan option at this stage. Borrowers potentially receive their personal loan proceeds within one to three business days. You may check your bank account to confirm receipt of the funds.

Alternatives to Best Egg Personal Loans to Consider

Best Egg personal loans have pros and cons, as discussed, so it may be smart to compare lenders when searching for online personal loans:

(The above information on APR range, loan amounts, and maximum term lengths will be updated weekly, every Monday.)

Some other options you might want to consider include:

• Bankers Healthcare Group (BHG Money) personal loans

• LendingUSA personal loans

• LightStream personal loans

• PenFed personal loans

• Happy Money’s Payoff Loan™ personal loans

• Upstart personal loans

The Takeaway

Best Egg’s lending platform may provide quick personal loan options to creditworthy borrowers. Best Egg personal loans may be right for you if you have a credit score of at least 600 and need funds quickly.

With Lantern by SoFi, you may quickly and easily compare personal loan options from multiple lenders, including Best Egg, all in one place. Just fill out one simple form, explore your financing options, and apply for a personal loan that fits your needs.