Best Egg Personal Loan Review
Fixed-rate personal loans from $2,000 to $50,000 with APRs from 6.99% to 35.99%. Fast funding — often within one business day. Includes an optional secured personal loan using home fixtures as collateral for eligible borrowers who want a lower APR.
Key terms
- Loan amount
- $2,000 – $50,000
- APR range
- 6.99% – 35.99%
- Repayment term
- 36 or 60 months
- Minimum FICO
- ~600
- Origination fee
- 0.99% – 9.99%
- Late fee
- $15 (after 10-day grace period)
- Prepayment penalty
- None
- Funding speed
- As fast as 1 business day
- Available in
- 47+ US states — verify your state
Best for — and when to skip
Best for
- Mid-tier credit (FICO 600 – 720) needing fast funding
- Debt consolidation — wide loan size and direct-pay option
- Homeowners who want a lower APR via the secured option
- Borrowers who value a clean application and app experience
Skip Best Egg if
- FICO below 600 — underwriting screens out lower-credit applicants
- Want to avoid all origination fees — Best Egg always charges one
- Need less than $2,000 — minimum is firm
- Need a term beyond 60 months — not offered
Pros and cons
+Pros
- Wide loan amount range ($2k – $50k)
- Soft pull pre-qualification
- Fast funding — often next business day
- Optional secured product can lower APR for homeowners
- No prepayment penalty
−Cons
- Origination fee on every loan (0.99% – 9.99%)
- Minimum FICO ~600 — declines fair-credit borrowers below that
- Only two term options (36 or 60 months)
- Secured product is unusual — requires understanding what's pledged
- Not available in every state
Understanding the secured option
Best Egg offers two paths. The secured version uses fixtures inside your home as collateral — not the property itself — in exchange for a lower APR.
Unsecured loan
Standard optionSecured loan
Lower APR optionTwo things to know before choosing
A default could mean Best Egg has a claim against named fixtures. Read the agreement closely before signing.
Comparison data is thin. If the APR difference isn't meaningful to you, the unsecured loan is the simpler choice.
How to apply
Check your rate
Visit bestegg.com — soft credit pull only.
Review your offers
You may see both an unsecured offer and (if eligible) a secured offer at a lower APR.
Complete the application
Best Egg requests ID, income, and bank info. Hard inquiry happens here.
Sign and receive funds
Most approved loans fund within 1 business day.
Frequently asked questions
Check your Best Egg rate today.
Pre-qualify with a soft pull and see your personalized offers. Secured option available if you want a lower rate.
Pre-qualify at Best EggREI LoanDoc may earn a commission if you apply through this link — this comes from the lender, not from you, and has no effect on your loan cost or how this review was written. Rates and terms are set by Best Egg and subject to change. Advertiser Disclosure · Affiliate Disclosure
