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Best Egg Loans Reviews and Ratings
Best Egg company logo
Getting approved for a loan is a significant headache. It’s hard enough to be in debt with pressing bills to pay. But then you add loan approval to the equation, and experiencing multiple rejections and being unsure if this lender is legitimate or a scam is a major pain. You’re not alone. Many people on the lookout for loans experience the same issues.
Enter Best Egg Loans. They market themselves as a fast, transparent, and flexible loan option for people with fair to good credit. If you want to consolidate debt or cover expenses without a headache, Best Egg wants to help. But are they actually a good option?
With this article, we want to help you answer that question. We will be covering everything regarding Best Egg Loans, including services provided, cost to the user, and what existing customers have to say. Our goal is to help you decide whether or not Best Egg Loans is the solution you’ve been looking for. Let’s go ahead and jump right in.
What is Best Egg Loans?
Best Egg homepage
Best Egg Loans is a financial technology platform that’s legally known as Best Egg, Inc. (formerly Marlette Holdings, Inc.). Best Egg was founded in 2013 and is headquartered in Wilmington, Delaware. They offer online personal loans, secured loans, credit cards, and a growing selection of financial health tools. The company partners with FDIC-insured banks like Cross River Bank, Blue Ridge Bank, First Bank & Trust, and Column N.A. to originate their loans.
As of 2025, Best Egg has originated over $30 billion in loans, with $7.5 billion in 2022 alone. The company raised $1 billion in its most recent credit facility in December 2024 and maintains a valuation of $1.5 billion. They have over 600 employees and are state-licensed in 40+ states. They’ve earned industry awards, including CNBC’s Top Fintech Companies and Deloitte’s Fast 500.
State availability
Best Egg is available in most U.S. states except Iowa, Vermont, West Virginia, and Washington DC. They’re especially popular among borrowers with credit scores of 600+ and annual income of $3,500+.
Your Best Lending Partner: We match you with top lenders for the best deals. Fast, Easy Process: Quick approvals with expert support. Tailored Solutions: Flexible terms that fit your needs.
What does Best Egg Loans actually offer?
Best Egg offers a nice, rounded selection of loan products to customers, with some nice extras as well. Let’s break it down:
Personal loans
Best Egg offers unsecured personal loans ranging from $2,000 to $50,000. Terms are either 36 or 60 months, and APRs range from 6.99% to 35.99%. Funding is often disbursed the next business day after approval. Origination fees fall between 0.99% and 9.99%.
Minimum credit score is 600 (though some partners like Credible list 640). Minimum income is $3,500 annually, but to qualify for the best rates, you’ll need $100,000+ income. State-specific minimums include $6,500 in Massachusetts, $5,000 in New Mexico and Ohio, and $3,000 in Georgia.
Secured home fixture loans
This unique offering uses specific home fixtures, such as HVAC systems, plumbing, or electrical, as collateral, rather than your entire home. Borrowers receive up to a 20% rate discount versus an unsecured loan. These loans file a UCC-1 lien but release it upon full repayment, letting homeowners tap into equity without traditional home equity loan risk.
Vehicle equity loans
Borrowers can access $2,000 to $100,000 in loans backed by their car’s equity. The terms range from 24 to 84 months, and APRs start at 8.99%. These loans are available in 40 states. They allow cash-out refinancing and cover cars, trucks, and SUVs (no motorcycles, RVs, or commercial vehicles). Borrowers may access up to 250% of their vehicle value.
Credit cards
Best Egg offers credit-building cards with cash-back rewards. While these cards were previously fee-free, they now carry a $48 annual fee. They’re geared toward consumers consolidating debt or rebuilding credit.
Financial health platform
Best Egg’s free Financial Health Platform has over 894,000 members. Features include:
- Credit Manager: Free monthly VantageScore updates, credit alerts, score simulator
- Debt Manager: Customized paydown strategies, interest calculators, and debt overviews
- Money Manager: Budgeting tools, spending insights, account aggregation, and bill reminders
Additional services
- Flexible Rent: Splits rent payments (via acquisition of Till)
- Direct Creditor Pay: Pays up to 10 creditors directly for debt consolidation
- Loan Stacking: Eligible borrowers can have multiple loans open with Best Egg, totaling up to $100,000
How to apply for a Best Egg personal loan
- Soft Credit Check: See loan offers without affecting your score
- Compare Terms: 36 or 60-month options with visible APRs and fees
- Accept Offer: Triggers a hard credit inquiry
- Submit Documents: Verify income, identity, and bank info
- Get Funded: Receive funds as soon as the next business day
Do you qualify for a Best Egg personal loan?
- Age 18+ and legal resident
- U.S. citizen or permanent resident
- Valid email and bank account
- Credit score of 600+ (some listings mention 640+)
- Annual income of at least $3,500
- Acceptable debt-to-income ratio
How much will Best Egg Loans actually cost?
Best Egg Loans are competitive for their targeted credit bracket of fair to good. The origination fees are an added wrinkle, however. Here is how the costs play out:
Best Egg personal loan fees and penalties
- Origination Fee: 0.99% – 9.99% (deducted from loan disbursement)
- Late Payment Fee: $15
- Returned Payment Fee: $15
- Prepayment Penalty: None
Example Loan: What a Best Egg Loan Might Look Like
We will use a hypothetical $15,000 unsecured personal loan with a 5.99% APR and a 5% origination fee on a 60-month term.
Here’s how that would break down:
- Loan Amount: $15,000
- Origination Fee: $750 (5% of $15,000)
- Disbursed to You: $14,250
- Monthly Payment: Around $290
- Total Interest Paid Over 5 Years: Approximately $2,400
- Total Cost of the Loan: Roughly $17,400 (including origination and interest)
While your monthly payments are predictable, keep in mind you’re paying interest on the full $15,000, and not the $14,250 you actually receive. That’s how the origination fee works. It’s taken out upfront but included in the total loan cost.
Borrowers with lower credit scores or higher debt to income may see significantly higher APRs and origination fees. It can range up to 35.99% APR and 9.99% in fees. Always read your full offer carefully before accepting.
Transparency
Best Egg shows the applicant APRs and origination fees during the pre-qualification process. The APRs include all fees, and borrowers are shown clear repayment terms before accepting any offer. This level of transparency is not a given among lenders. The Best Egg Loan platform uses encryption, multi-factor authentication, and income verification tools like DirectID to protect user data. Best Egg does not sell customer data to third parties.
Industry comparison
While some competitors have lower origination fees, Best Egg’s competitive APRs, fast funding, and specialized secured loan products help justify the cost. They also hold consumer lending licenses in Arizona, Connecticut, Maryland, Nebraska, New Hampshire, New Mexico, North Dakota, Oregon, Pennsylvania, Texas, Wisconsin, and more.
What are customers saying about Best Egg Loans?
The reviews for Best Egg Loans across different platforms are very solid. People have a consistent sentiment that is generally positive, with a few recurring complaints. Let’s break it down:
Trustpilot Reviews
Best Egg’s Trustpilot profile
Rated 4.6/5 stars from over 10,800+ reviews.
Praise:
- “I applied for my loan super late at night and had the funds in my account the following afternoon. Best Egg has the best deals.”
- Fast approvals and funding
- Easy application process
- Effective for debt consolidation
Concerns:
- “Origination fee is too high”
- “Double dipped on my account! Made me over draft!”
- Customer service delays
Better Business Bureau (BBB) Reviews
Best Egg’s BBB profile
4.87/5 stars from over 2,700 reviews, A+ rating. But 310+ complaints filed in the past 3 years.
Complaints include:
- Payment processing errors
- Issues with direct creditor pay
- Account closure difficulties
- Customer service delays
- Incorrect credit reporting
Reddit Reviews
Generally positive about legitimacy and funding speed, mixed on servicing.
Quotes:
- “I was approved without any hard inquiry. The rates was unbelievably low. It was all too good to be true but it worked out.”
- “Best Egg is the worst company I’ve ever dealt with. Customer service is horrible.”
What can I expect from using Best Egg Loans?
Best Egg claims a 95% customer satisfaction rating and higher-than-average approval rates among prequalified applicants. They typically fund loans by the next business day. With $30 billion+ in total loans originated and recognition from J.D. Power, CNBC, and Forbes, Best Egg is one of the top personal loan originators in the country. They serve more than 894,000 users through their Financial Health Platform.
Pros and cons of using Best Egg Loans
Here’s a full breakdown of where Best Egg Loans excels and where they fall short:
Pros
- Fast pre-qualification and funding (next day)
- Low minimum credit score requirement (600)
- Clear terms, no prepayment penalty
- Free financial tools and credit monitoring
- Unique secured loan options
- Supports multiple open loans up to $100,000
- Uses FDIC-partnered banks for added legitimacy
Cons
- High origination fees (up to 9.99%)
- Not available in IA, VT, WV, or DC
- Customer service issues reported
- Direct pay errors cited in complaints
- $48 annual fee on credit card
Who is Best Egg Loans actually for?
Best Egg Loans won’t be for everyone. Here is a clearly outlined differentiator to display who would get the most out of using Best Egg Loans, and who would likely be best off steering clear:
Best for:
- Borrowers with fair-to-good credit
- Debt consolidation
- Homeowners seeking secured loans without risking full property
- People needing fast loan funding
- Users looking for financial management tools
Not recommended for:
- Borrowers in states where service is unavailable
- People who prioritize low fees over fast approval
- Those expecting premium customer service
- Borrowers are uncomfortable with UCC liens on home systems
Is Best Egg Loans actually worth it?
Best Egg delivers on speed, transparency, and accessibility for borrowers with credit scores starting at 600. Their secured loan options, vehicle equity loans, and financial health tools offer unique value not seen in many competitors. That said, the origination fees can be a major pain, and their customer service has been a point of annoyance for many users.
If you qualify and need fast access to funds, Best Egg is a solid contender, especially for debt consolidation. Just be sure to review your fee breakdown and compare offers before signing. You can often find a better deal with just a chunk of time dedicated to research.
If you are aware of the pros and cons of using Best Egg Loans and wish to proceed with using them as a lender, you can go directly to their website here and compare rates.
Frequently Asked Questions about Best Egg Loans
- Is Best Egg a legitimate lender or is it too good to be true? Yes, Best Egg is legitimate. They’re FDIC-partnered, BBB-accredited, state-licensed, and have originated over $30 billion in loans.
- What credit score do you really need for Best Egg approval? You’ll need at least a 600 FICO score. Some partners require 640+. For best rates, scores of 700+ and income above $100,000 help.
- How does Best Egg’s secured loan with home fixtures actually work? Instead of securing the loan with your full home, Best Egg files a lien against specific home systems like HVAC or plumbing. This limits risk while still offering lower rates.
- Why are Best Egg’s origination fees so high compared to other lenders? Their origination fees range up to 9.99%, which is above some competitors. However, this upfront model includes all fees and supports fast funding, rate discounts, and direct pay features.
- Can you really get funded the next business day with Best Egg? Yes. Many borrowers report receiving their funds within 24 hours of final approval. Their funding process is one of the fastest in the industry.
Sponsored Advertising Content:
Advertorial or Sponsorship User published Content does not represent the views of the Company or any individual associated with the Company, and we do not control this Content. In no event shall you represent or suggest, directly or indirectly, the Company's endorsement of user published Content.
The company does not vouch for the accuracy or credibility of any user published Content on our Website and does not take any responsibility or assume any liability for any actions you may take as a result of reading user published Content on our Website.
Through your use of the Website and Services, you may be exposed to Content that you may find offensive, objectionable, harmful, inaccurate, or deceptive.
By using our Website, you assume all associated risks.This Website contains hyperlinks to other websites controlled by third parties. These links are provided solely as a convenience to you and do not imply endorsement by the Company of, or any affiliation with, or endorsement by, the owner of the linked website.
Company is not responsible for the contents or use of any linked website, or any consequence of making the link.
This content is provided by New Start Advantage LLC through a licensed media partnership with Inquirer.net. Inquirer.net does not endorse or verify partner content. All information is for educational purposes only and does not constitute financial advice. Offers and terms may change without notice.
