Best Egg is a lender that offers unsecured personal loans for people with good credit scores. They also offer a secured loan for homeowners. The lender has a strong reputation for getting money to approved applicants quickly. They also have a great customer service department, according to reviews.

The lender uses a soft inquiry to check your credit and a hard inquiry when you choose an offer. It also charges a $15 returned payment fee and an origination fee of 0.99 percent to 9.99 percent.

Rates

Best Egg offers a range of personal loans for debt consolidation, home improvement projects, weddings, adoptions and other purposes. Its rates are generally lower than those of competitors, and it offers a wide variety of loan terms. It also has an impressive mix of secured and unsecured loan options, including one that allows you to use your car or home as collateral. Its customer service is available by phone Monday through Thursday from 8 a.m. to 10 p.m. ET and by email.

The lender’s website lets you prequalify for a loan in minutes. The process uses a soft credit inquiry, which won’t impact your score. It also lets you preview different loan offers and select the best option for your budget. In addition to personal loans, Best Egg offers a home equity loan and an auto equity loan that uses your car as collateral. Its home equity loans are similar to traditional home equity lines of credit, but the lender only secures your home’s fixtures and not the entire house.

Like other online lenders, Best Egg requires that you have a steady income and good credit to qualify for a personal loan. However, it also bases its approval decision on a number of other factors, including your debt-to-income ratio and your history of making on-time payments to creditors.

Fees

A personal loan from best egg is an excellent option for borrowers with average or higher credit scores and who can afford to make monthly payments. Best Egg offers a wide range of loan amounts and provides competitive rates. In addition, customers can receive one-on-one support from a loan specialist. Customers can also access a variety of resources online.

Best Egg does not require a minimum credit score to prequalify, and it only runs a soft inquiry when you check your rate, which won’t affect your credit score. You can also use its “Direct Pay” feature to streamline debt consolidation by automatically paying your creditors. The lender also offers a flexible loan term and low minimum amount.

However, the lender does charge an origination fee of 0.99 percent to 9.99 percent, which is added to the principal. It also charges a late payment and returned payment fee of $15. It is also not available in all states.

The company has an excellent reputation for customer service, with a rating of 4.6 out of five on Trustpilot and an A+ with the Better 10000 loan Business Bureau. It also has a helpful FAQ page and email address for questions. The website also includes a resource section with several articles about personal loans. It also offers a free credit score report.

Repayment terms

Founded in 2014, best egg loan is an online personal finance company that offers debt consolidation loans for $2,000-$50,000. Using a proprietary scoring system, it offers competitive rates and easy online application processes. The lender also provides credit cards and financial literacy and management tools. The company has over 2.7 million customers and has generated $24 billion in personal loan origination to date.

Best Egg offers both secured and unsecured personal loans. Its secured loans use a lien on home fixtures such as built-in cabinets, light fixtures, and bathroom vanities to secure the loan, which reduces the borrower’s debt-to-income ratio. These loans can be used for a variety of purposes, including home improvement and debt consolidation.

To qualify for a Best Egg loan, you must have a good credit score and an income of at least $100,000 per year. Applicants are required to fill out a detailed financial questionnaire and provide supporting documents such as pay stubs. The lender runs a hard credit pull to determine your eligibility, and you’ll receive an offer within minutes of applying.

In addition to checking your credit, Best Egg will review your monthly expenses and debt-to-income ratio. You must also agree to allow the lender to contact your creditors on your behalf and postpone payments when needed. If you have any questions about Best Egg’s credit policies, you can speak with a representative to get more information.

Customer service

The company has a reputation for customer service, and its website makes it easy for borrowers to navigate the loan process. The lender also provides useful tools and resources, such as credit scores, budgeting and debt management.

Customers can use Best Egg’s online platform to check rates and prequalify for a personal loan without having to submit credit reports. This step is important, as it allows applicants to understand their rate options and decide whether the lender is a good fit for them. Best Egg requires a valid email address and phone number to process applications. It may require additional documentation to verify identity and income, and its website displays a full privacy policy that explains how the company uses personal information.

Applicants who are approved for a personal loan can receive funds within one business day, after the lender receives any necessary documents. Customers can choose from a range of terms, including 36 and 60 months. The lender offers secured loans, such as homeowner-secured and auto-secured, where borrowers can use permanent fixtures in their home or their car as collateral. These loans have lower annual percentage rates and are available for a larger loan amount than unsecured loans.

Some consumers have complained about the lender’s application process, which can be lengthy and frustrating for some. Additionally, some borrowers have experienced APR increases after refinancing. Other complaints include difficulties with the website and mobile app.