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30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·
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Personal Loan Review

Best Egg Personal Loan Review (2026)

Updated April 2026 · By the Fintiex Rate Desk
APR Range
8.99-35.99%
Loan Amount
$2K-$50K
Term Range
36-84 months
Fintiex Score
7.8/10

What works

  • +Secured loan option: use your car as collateral to access lower rates than your FICO alone would produce
  • +Terms up to 84 months (7 years), longer than most online lenders
  • +Next-day funding for most approved borrowers
  • +600 FICO minimum opens access to fair-credit borrowers
  • +Soft-pull prequalification before hard inquiry
  • +Loan amounts up to $50,000 at the unsecured tier

What to watch

  • -Origination fee of 0.99 to 9.99% applies on all loans
  • -APR ceiling of 35.99% is high and applies to lower credit profiles
  • -Secured loans require a lien on your vehicle, which is a real risk if you default
Overview

About this lender

Best Egg is a fintech lender backed by Marlette Funding, launched in 2014. Its core proposition for the personal loan market is the secured loan option. Most personal lenders offer only unsecured loans. Best Egg lets you pledge your car title as collateral to access better rates than your credit score would otherwise unlock. This is a genuine product differentiation. For borrowers with a 600 to 640 FICO score and a paid-off or nearly paid-off car, the secured option can reduce the APR by 5 to 10 percentage points compared to the unsecured rate.

The unsecured product competes in the fair-credit segment. A 600 FICO minimum with APRs up to 35.99% puts Best Egg in direct competition with LendingClub, Prosper, and the upper end of Upstart. The origination fee of 0.99 to 9.99% is always charged, though the lower end of that range (under 2%) applies to stronger credit profiles. For prime borrowers, that low origination plus a starting APR of 8.99% makes Best Egg worth checking, especially if you need a term longer than 60 months.

The 84-month term option is a real differentiator in this credit segment. LendingClub and Upstart cap at 60 months. Best Egg at 84 months means lower required monthly payments on the same balance, which matters for cash-flow-constrained borrowers. The total interest paid is higher at 84 months, of course, so the math only favors the longer term if the payment reduction is the binding constraint.

Rates by Credit Tier

Best Egg APR by credit tier (unsecured and secured)

Credit Tier
FICO Range
APR Range
Good-Excellent (unsecured)
720+
8.99%-15.99%
Fair-Good (unsecured)
660-719
15.99%-24.99%
Fair (unsecured)
600-659
24.99%-32.99%
Secured (any eligible tier)
600+
~5-10% lower than unsecured

Rates as of April 2026. Secured loan rates depend on vehicle value, credit profile, and loan amount. Origination fee (0.99-9.99%) deducted from proceeds at funding.

Fees

What you will pay

  • Origination fee0.99%-9.99%
  • Late fee$15 (after 15-day grace period)
  • Prepayment penalty$0
  • Returned payment fee$15
  • Secured loan lien filingState-dependent, typically $0-$50

Best Egg's origination fee applies on all loans. Strong-credit borrowers may qualify for the 0.99% rate, which is the most competitive origination in this tier. Secured loan lien fees vary by state.

Eligibility

Who can qualify

  • 01Minimum FICO score of 600
  • 02Must be a U.S. citizen or permanent resident, 18 years or older
  • 03Valid Social Security number and bank account
  • 04Verifiable income from employment, self-employment, or other sources
  • 05For secured loans: vehicle must be fully or substantially paid off with clean title
  • 06Available in most states (not all products available everywhere)
Application and Funding

How the process works

Best Egg's application begins with soft-pull prequalification. You enter your loan details, whether you want secured or unsecured, and income and employment information. For secured loans, you also provide vehicle information. The system returns rate estimates within minutes. A full application and hard pull follow if you proceed.

Next-day funding is the norm for most approved borrowers after loan agreement signing. For secured loans, there may be an additional step to file the vehicle lien with your state's DMV, which can add 1 to 2 business days. Funds are deposited via ACH to your bank account. Best Egg does not offer direct creditor payoff for debt consolidation.

Best for

  • Fair-credit borrowers (600-659 FICO) who can use a vehicle to secure a better rate
  • Anyone who needs a term beyond 60 months to keep monthly payments manageable
  • Borrowers who want next-day funding and have fair to good credit
  • Debt consolidation where a secured option at lower APR makes the math work

May not be the right fit if

  • Want zero origination fee: Best Egg always charges origination. SoFi, Marcus, and Discover do not.
  • Have excellent credit (720+): You can get zero-fee loans at LightStream or SoFi with better rates.
  • Do not own a car or have significant equity in one: the secured option requires clean title.
How it compares

Best Egg vs. LendingClub vs. Prosper

Feature
Best Egg
LendingClub
Prosper
Starting APR
8.99%
8.98%
8.99%
Min FICO
600
600
600
Origination Fee
0.99-9.99%
3-8%
1-9.99%
Secured Option
Yes (car)
No
No
Max Term
84 months
60 months
60 months
Joint App
No
Yes
Yes
FAQ

Common questions

How does Best Egg's secured personal loan work?
Best Egg's secured loan uses your vehicle as collateral. You provide the vehicle's make, model, year, and VIN. Best Egg files a lien against the title. In exchange, you typically qualify for a materially lower interest rate than the unsecured product would offer for your credit profile. If you default, Best Egg has the right to repossess the vehicle. Once the loan is paid off, the lien is released.
What is Best Egg's origination fee?
Best Egg charges an origination fee of 0.99% to 9.99% on all personal loans. The fee is deducted from your loan proceeds before disbursement. A borrower with excellent credit may qualify for a 0.99% fee; borrowers with fair credit typically see 4 to 8%. Always factor the origination into the total cost of borrowing, not just the headline APR.
Can I pay off a Best Egg loan early?
Yes. Best Egg charges no prepayment penalty. You can make extra payments or pay off the full balance at any time at no cost. Early payoff reduces total interest paid and, for secured loans, releases the vehicle lien faster.
How fast does Best Egg fund loans?
Best Egg funds most unsecured loans the next business day after loan agreement signing. Secured loans may take 1 to 2 additional days for lien filing, depending on your state's DMV processing time.
What is the maximum term for a Best Egg loan?
Best Egg offers terms up to 84 months (7 years), which is longer than LendingClub and Upstart (both 60 months) and comparable to Discover Personal Loans (84 months). Longer terms reduce monthly payments but increase total interest paid. Use the longer term only if the payment reduction is necessary for your budget.

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