Best Egg Personal Loan Review 2022 | Best Debt Consolidation for Poor Credit with Soft Pull

Best Egg is a direct online lender which provides you a personal loan within a range from $2,000 to $50,000. You may get a fair credit loan guaranteed approval and you can also use this loan for debt consolidation for poor credit. 
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Best Egg Overview

Since 2014 Best Egg is in the business of loans, The company has invested or lent more than 10 billion in loans. So by that, you can trust this company. If you visit their website they claim to be the 2019 award winner for best in the niche of personal loans. 

Also read: Review 2021 | Easy Fast Online Loans No Credit Check


  •  Loan amount starting from $2,000 – $50,000
  • Best Egg provides secure loan options for home owners
  • You can get a direct payment for your debt consolidation loan
  • Soft Credit Check to know interest rate.{alertSuccess}

  • Best Egg charges for Origination fees and there is no discount for autopay
  • Borrowers can choose only two repayment options. {alertError}

Debt Consolidation for Poor Credit

In Best Egg, you have an option to get unsecured loans and these loans are best for people people who have fair credit. Those who have poor credit can also apply for this personal loan, the chances are less but you can always get surprises. 
Best Egg loans can be used for different reasons like Debt Consolidation, home improvement, medical bills, and vacations. 
In Best Egg personal loans you will get a competitive interest rate which can be started from 5.99%  to 30%. Also, you will have to pay for origination fee which is from 0.99% to 5.99%.

Annual Interest Rate (APR) and Fees

The APR (annual percentage rate)  will be within the range of  5.99% to 29.99% but it may extend up to 35.9 9% in some bad credit or poor credit cases.

As you might know that APR is always based on different factors like creditworthiness, loan term, loan amount, and credit score.

Best Egg loans have no prepayment penalty or application fee but Best Egg charges for origination fees which are from 0.99% to 25.9 9%. It also charges a late fee and a $15 return payment fee.

Also Review 2021 | Easy Fast Online Loans No Credit Check

Minimum Credit Score Required

As Best Egg personal loans are specified for debt consolidation and big loan amounts therefore they require a fair credit score above 640. Even though in some cases they do approve for a bad credit score. 

If you want the Best Egg lowest APR then you must have a 700 credit score or higher than that.

Also read: Personal Loan review | Bad Credit Loans Guaranteed Approval $1,000

Offered Loan Amount

Best Egg can offer you a personal loan amount between $2,000 – $50,000.  

The minimum loan amount offered by Best Egg in most of the states is between $2,000 to $35,000. However, it may possible that some borrowers may get a $50,000 personal loan because of their excellent credit score.

Eligibility Criteria 

There are some basic requirements you should fulfill before taking a bad credit loan. Here is the list :
  1. You should be at least 18 years old
  2. You must a valid ID Proof or social Security number
  3. You must be a United States citizen or a permanent resident
  4. You Should have a post-tax  income of more than $1,000 
  5. You must have a valid active us bank checking account
  6. You have to provide a valid email address and a phone number

Required Documents

  • Valid Identity Proof.
  • Have to provide a DOB.
  • Valid current mobile number and Email id.
  • An active American bank account.
  •  A social security number

Repayments Terms

At Best Egg, you’ll get the repayment term of 36 to 60 months, which is 3 to 5 years. As you might know that loan terms always depend upon the borrower’s credit score, credit history, creditworthiness, income, and loan amount. These are all factor that affects the interest rate and repayment terms.

Example of the Best Egg loan

If you get a $10,000 loan with a 15.5%  APR for 3 year period then it would cost you $349 monthly payments and you would pay a total of  $2564 dollars in total interest on your $10,000 loan.

How to apply for Best Egg

If you want to apply for Best Egg then please follow the below guide :

  1. If you want to apply for Best Egg personal loans then you can apply on their website without affecting your credit score because Best Egg does a soft inquiry when you apply for pre-qualification for the loan.
  2. There is always a general process for applying for a loan like you have to enter your name, your personal information, your bank account, your other information related to loans, etc.
  3. You need to enter banking details such as your account number in which the funding will be deposited and other personal details regarding the loans.  
  4. After that, your form will be reviewed for a personal loan. 
  5. Then the lenders will offer you a personal loan proposal.
Best Egg is a website that helps people to get a personal loan for debt consolidation and other reasons. 
The Best Egg is a better option when you want to consolidate your debts and pay your monthly payments as one.