Best Egg Personal Loans Review 2026
Pros explained
- Secured personal loans: Best Egg offers secured loans, which might have lower rates and higher loan amounts than unsecured loans.
- Flexible collateral options: You can use your vehicle or home fixtures, such as cabinets and lighting, to secure a Best Egg loan.
- Competitive APRs: Best Egg has a lower minimum APR than many competitors, making it a good option for borrowers with excellent credit.
Cons explained
- Origination fees: An origination fee between 0.99% and 9.99% applies.
- No minimum credit score disclosed: Best Egg does not disclose a minimum credit score requirement.
- Lower borrowing limit than some competitors: You can borrow up to $50,000 with an unsecured Best Egg personal loan, while other lenders have borrowing limits of $100,000 or higher. You might be able to borrow up to $100,000 with a secured personal loan, depending on your vehicle’s value.
Buy Side’s take on Best Egg personal loans
Buy Side rates Best Egg personal loans 4 out of 5 stars. Its low minimum APR and relatively fast funding times of one to three days distinguish the lender from competitors. It offers various repayment terms. Best Egg’s secured loans with flexible collateral options also set it apart, allowing eligible borrowers to access lower rates or higher limits.
However, the lender doesn’t disclose a minimum credit score, and origination fees apply. Best Egg’s maximum unsecured loan amount is $50,000, which is lower than that of some other lenders.
How Best Egg compares to other lenders
Best Egg has a decent rating, but it falls short compared to Buy Side’s top personal loan lenders. While its secured loan options and minimum APR are notable benefits, origination fees can add to total costs, and the borrowing limit is lower than several competitors’.
Best Egg vs. LightStream
LightStream is top-rated by Buy Side because of its fast funding times, low minimum APR and borrowing limit of $100,000. It offers a lower range of APRs than Best Egg, especially when combined with an autopay discount. LightStream also doesn’t charge an origination fee.
LightStream does not offer secured personal loans and accepts applicants with good to excellent credit.
Best Egg vs. Upstart
Upstart personal loans are available for up to $75,000, with a lower minimum interest rate than Best Egg. Both lenders offer secured personal loans, though Upstart accepts only vehicles as collateral, while Best Egg also accepts home fixtures. You must own your car outright to use it to secure an Upstart loan.
How to apply for a Best Egg personal loan
Apply for a Best Egg online or over the phone. Follow these steps for an online application:
- Compare loan options: Compare Best Egg loans to find one that suits your needs. A secured loan can offer higher limits and lower rates if you have eligible collateral.
- Get prequalified: Check your estimated rates with a soft credit pull, which does not impact your score. A hard inquiry, which can reduce your credit score temporarily, follows if you accept a Best Egg loan offer
- Submit an application: Include identification, income and collateral information. You might have to submit additional documentation for verification.
- Sign your loan documents: Upon approval, review and sign your loan documents. You might be able to add your origination fee to your loan balance or deduct the amount from your loan funds.
- Receive funds: Completing and processing a Best Egg loan application typically takes one to three business days, including funds disbursement. Your bank’s policies might affect transfer times.
