Best Egg: Best Runner Up

Best Egg is known for their highly-rated customer service and competitive rates. This online lender has some of the best rates out there even with the origination fee. Applicants can get personal loans with rates as low as 5.99% and terms starting at 36 months.

Pros

  • Applicants can check their initial rate without affecting their credit score
  • Competitive rates offered
  • Borrowers can take out more than one Best Egg loan

Cons

  • High income required to qualify for the lowest rates
  • Borrowers need to pay origination fees
  • No joint applications

Other important information:

  • Maximum/minimum amount you can borrow: $2,000 to $35,000
  • APR range: 5.99%–29.99%
  • Fees: 0.99% to 6.99% origination fee; $15 late fee
  • Minimum recommended credit score: 640
  • Other qualification requirements: Applicants need to have an income of at least $100,000 to qualify for the lowest rates and a minimum credit score of 700
  • Repayment terms: 36 to 60 months
  • Time to receive funds: One to three business days
  • Restrictions: Combined loans cannot be more than $50,000

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