Best Egg Personal Loans: 2023 ReviewCheck Your Rate
Overview of Best Egg
Pros and Cons of Best Egg
Pros of Best Egg
Cons of Best Egg
Best Egg Personal Loan Terms, Rates, and Fees
Who May a Best Egg Personal Loan Be Right For?
Creditworthy consumers who need a large $20,000 personal loan. Best Egg offers 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 can get their loan money within one to three business days.
Who Best Egg May Not Be Right For
Couples who want joint personal loans. Best Egg does not offer loans to co-borrowers. Borrowers who don’t want to pay origination fees. Best Egg charges origination fees ranging from 0.99% to 8.99%. Consumers with bad credit. You may need a fair credit score of at last 640 to be approved for a loan from Best Egg.
What to Watch Out for With Best Egg Personal Loans
These quick personal loans may charge APRs as high as 35.99%. Borrowers need a high income and good credit to get the best rates from Best Egg. Best Egg will do 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
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 640 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 can 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 can 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 can 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 that you provide proof of identity. Accept the loan. Approved applicants can sign and accept the loan offer at this stage. Borrowers may receive their personal loan proceeds within one to three business days. You can check your bank account to confirm receipt of the funds.
Alternatives to Best Egg Personal Loans to Consider
Bankers Healthcare Group (BHG Money) personal loans LendingUSA personal loans LightStream personal loans PenFed personal loans The Payoff Loan™ personal loans Upstart personal loans
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