Best Egg Review 2026

Best Egg is a legitimate, federally regulated consumer lender. Loans are issued by Cross River Bank, an FDIC-insured New Jersey state-chartered bank regulated by the FDIC and New Jersey Department of Banking and Insurance. Marlette Funding, LLC (the operating entity behind Best Egg) has originated personal loans since 2014. Best Egg is not a marketplace — it issues loans through its bank partner and services them directly. Whether it is the 'best' option depends on your credit profile: for consolidation borrowers with 640–719 FICO who want direct creditor payoff, it is a solid choice. For borrowers with 720+ FICO, fee-free options (SoFi, LightStream, Discover) typically offer lower APRs. Pre-qualify with a soft pull at bestegg.com to see your actual rate before committing.

Best Egg charges an origination fee of 0.99%–8.99% of the loan amount depending on your credit profile and loan term. The fee is deducted from proceeds at funding — a $20,000 loan with a 5% origination fee means you receive $19,000 but repay the $20,000 principal plus interest. The fee is incorporated into the disclosed APR under TILA/Regulation Z, so compare APRs (not just interest rates) when shopping. Verify the current fee range at bestegg.com.

Yes. For debt consolidation loans, Best Egg offers a direct-pay-to-creditors option at closing — it sends payoff amounts to each credit card issuer you list, rather than depositing the full loan amount to your bank account. This eliminates the friction and risk of manually redirecting funds after funding. Not all borrowers are offered the direct-pay option; confirm availability during the application process.

Best Egg's published floor is a 640 FICO score, though the most competitive APRs (near the 8.99% floor) require 720+ FICO and verifiable income above $50,000. Borrowers in the 640–679 range will typically see APRs in the 25–35% range plus origination fees, which can make the all-in cost substantial. Pre-qualify with a soft pull at bestegg.com to see your actual personalized offer without affecting your credit score. The CFPB explains how credit scores affect personal loan rates at consumerfinance.gov.

Best Egg can fund a personal loan as fast as the next business day after final approval, depending on how quickly you complete the application, verification steps, and e-signature. In practice, most funded loans complete within 1–3 business days from final approval. The verification step — confirming income, identity, and bank account — is the most common delay; having your pay stubs and bank statements ready to upload speeds the process. Verify current funding timelines at bestegg.com.

Yes. Best Egg offers a secured personal loan option in addition to unsecured loans. Secured Best Egg loans use household fixtures — installed items like built-in appliances, cabinetry, or HVAC systems — as collateral rather than a vehicle title or real estate lien. The secured option allows Best Egg to extend credit at potentially lower APRs to borrowers who might not qualify unsecured, or at better rates for borrowers who do qualify. Not available in all states. Confirm the secured loan option's current availability, collateral requirements, and rate range at bestegg.com.