Best Egg
- Loan amounts: $2,000 – $50,000
- APR: 8.99% – 35.99%
- Terms: 36 to 60 months
- Origination fee: 0.99% - 8.99%
- Minimum credit score: 600
Overview: Best Egg offers flexibility in both loan amounts and repayment terms. Borrowers have the option to take out either secured or unsecured loans, meaning they can choose whether to offer an asset as collateral.
To access Best Egg’s lowest rates, you’ll need to have a minimum credit score of 700 and an income of at least $100,000, which may be a high bar to clear for some consumers. Best Egg also charges a 0.99% - 8.99% origination fee that will come out of your loan balance.
Pros | Cons |
---|---|
Fast funding (one to three business days) Option to choose between secured and unsecured loans Option to change due date | Charges a 0.99% - 8.99% origination fee High income requirement to receive low rates Doesn't offer joint applications |
Eligibility requirements: Best Egg has a minimum credit score requirement of 600 but it also stipulates that you’ll need to meet the following criteria:
- Be a U.S. citizen or permanent resident
- Not reside in Iowa, Vermont, West Virginia, District of Columbia, U.S. territories