Marlette Funding (Enova)
Best Egg
4.3
Best Egg specializes in larger personal loans and homeowner loans with competitive rates for those with good to excellent credit.
The Bottom Line
Best Egg offers personal loans from $2,000 to $50,000 with APRs as low as 6.99% (subject to credit approval — full range 6.99% to 35.99%). The platform focuses on creditworthy borrowers (typically 700+ credit score) and homeowners seeking larger loan amounts. Funding occurs within 1-3 business days. Origination fees range from 0.99% to 9.99% and are deducted from loan proceeds, so always shop on APR. Best Egg is ideal for borrowers with good to excellent credit seeking substantial personal loans without prepayment penalties.
At a Glance
| APR Range (subject to credit approval) | 6.99% - 35.99% |
| Loan Amount | $2,000 - $50,000 |
| Repayment Terms | 36 - 60 months |
| Origination Fee | 0.99% – 9.99% of loan amount |
| Credit Range | Good to Excellent |
| Funding Speed | 1-3 business days |
| APR Range | 6.99% - 35.99% |
| Loan Amounts | $2,000 - $50,000 |
| Term Lengths | 36 - 60 months |
| Origination Fee | 0.99% – 9.99% of loan amount |
| Funding Speed | 1-3 business days |
| Prepayment Penalty | No |
| Co-Signer | Not Allowed |
Premium Lending for Creditworthy Borrowers
Best Egg positions itself as a premium lender for those with good to excellent credit. By focusing exclusively on creditworthy borrowers (700+ credit score), Best Egg can offer competitive rates and straightforward terms. The underwriting is streamlined for low-risk applicants, making the process quick and simple.
Large Loan Amounts
With maximum loan amounts of $50,000, Best Egg accommodates substantial borrowing needs. Whether consolidating significant debt, funding a major home improvement, or covering major life expenses, Best Egg has sufficient lending capacity. This makes it more suitable than smaller-limit lenders for borrowers with substantial needs.
Quick Funding and Simple Terms
Best Egg funds loans within 1-3 business days and charges no origination fees or prepayment penalties. The process is transparent and straightforward—no complex fees or hidden terms. For borrowers seeking simplicity with fast funding, Best Egg delivers.
Best For
Best Egg is ideal for borrowers with good to excellent credit seeking to borrow $2,500 to $50,000. If you're consolidating debt, funding a home improvement, or covering a major expense and have strong credit, Best Egg offers competitive rates and quick funding. However, fair-credit borrowers should look elsewhere.
Ready to get started with Best Egg?
Best Egg specializes in larger personal loans and homeowner loans with competitive rates for those with good to excellent credit.
Get Marlette Funding (Enova)Pros & Cons
Pros
- Large loan amounts ($2,000 - $50,000)
- APRs as low as 6.99% for qualified borrowers
- Fast funding (1-3 business days)
- No prepayment penalty
- Simple application and approval process
- Soft credit check for prequalification
Cons
- Origination fees of 0.99% - 9.99% deducted from proceeds
- Best rates require credit score around 700+
- Limited member benefits compared to some competitors
Frequently Asked Questions
What credit score do I need for Best Egg?
Best Egg typically requires a minimum credit score around 700 (good credit). Excellent credit (750+) qualifies for the best rates. If your score is below 700, you'll likely need to look at other lenders specializing in fair credit.
Can I borrow $50,000?
Yes, Best Egg allows loans up to $50,000, with minimums starting at $2,500. This is among the highest maximum amounts available, making Best Egg ideal for substantial borrowing needs like major home improvements or debt consolidation.
How fast can I get funded?
Best Egg typically funds loans within 1-3 business days after approval. For borrowers approved early in the week, funding may occur within 24 hours. This rapid turnaround makes Best Egg convenient for time-sensitive borrowing.
Are there any fees?
Best Egg charges no origination fees and no prepayment penalties. Your only cost is the interest rate. This transparent fee structure makes it easy to calculate your true borrowing cost.
Can homeowners get better rates?
Best Egg offers homeowner-specific products with potentially better rates, and being a homeowner helps with approval and rate determination. If you own your home, mention this during application as it may improve your terms.