Best Egg is an online lending platform that provides customers easy access to personal loans. Best Egg has funded over $7 billion and has provided over 500,000 easy-to-borrow funded loans. In addition to their debt consolidation loan options, the company offers personal loans for credit card refinancing, home improvement, moving expenses, vacation expenses, special occasions, and more.

Pros
Easy Online Application
Unlike some of the financial institutions, Best Egg offers a fast and simple online loan application process. Loan approvals are generally completed within a business day or two.
Multi-Purpose Loans Available
Best Egg lenders are accommodating to a large array of personal loan purposes for borrowers including; debt consolidation, credit card refinancing, home improvement, moving expenses, vacation, and more. Best Egg generally works with unsecured loans when it comes to debt consolidation. Those interested in the company’s debt consolidation loan option may need to have a good credit history in order to qualify.
Simple Debt Consolidation Loan Process
According to the Best Egg website, there are five steps customers have to take in order to borrow a debt consolidation loan. The steps are as follows:
- Create a list of current debts in order to determine the loan amounts to request
- Calculate current interest rate payments
- Apple for a debt consolidation loan
- Shop around for loan rates and terms
- Final step is to accept an offer
Cons
More Expensive
Best Egg deals in standard unsecured loans to help with debt consolidation. The fees charged and interest rates offered are significantly higher than most debt consolidation companies. Their fees are typically 1 to 6 percent of the loan amount, and interest rates can be as high as 29.99 percent, which are very high for the industry.
No Accreditations
Best Egg has no industry accreditations and isn’t ISO certified. Without the ISO certification – there is no guarantee that any sort of independent auditing is taking place.
Customer Complaints
We have received a few negative Best Egg reviews. These account customer complaints usually revolve around the high-interest rates being offered on the loans. There are multiple reports of customers who considered using Best Egg to consolidate their credit card debt only to find themselves being offered a loan at a higher interest rate than they got on their credit cards.
Our Recommendation
Best Egg offers an easy online application and does have multi-purpose loans available to those who have a Best Egg account. Additionally, the company offers a simple debt consolidation program. However, Best Egg does not have any accreditations, has only been in business for four years, and there have been several high-interest rate customer complaints.
If you are interested in Best Egg services, we recommend that you conduct your own personal debt management plan research, review the company’s terms and conditions, and read several Best Egg reviews in order to see if their debt consolidation loan program is the right fit for you. It may be proactive to look into other debt consolidation companies such as Consolidated Credit.
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User Score11 people found this review helpful!There is no transparency on this company. Customer service rep that I talked to, although a human being, is heartless and possibly an android, cold and distant to their customers needs. I will not recommend this company to anyone or do business with them in the future.Was this review helpful? Yes
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User Score11 people found this review helpful!Getting a loan through this company several years ago is one of the worst decisions I have ever made– and I am still regretting it. I was desperate to leave a, well, we’ll call it a “difficult” situation I was living in, so I accepted this loan against my better financial judgment, just to try to get together enough money to move out and move on. I had no CLUE how accepting this loan this would drain my finances month after month after month after month, with no end in sight. I have now paid back just about what they originally loaned me, and yet I somehow still owe them almost 4,000…..because almost all I have paid has only gone to interest. I swear to God I wish I had never heard of this company– what a nightmare. The interest rate is almost 30%– much higher than any credit card interest rate I have ever had. And don’t bother trying to get any consistent assistance from customer service. What a joke.Was this review helpful? Yes
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User Score02 people found this review helpful!About 4 years ago my wife stole my identity and got a loan on bestegg.com for $15,000 without my knowledge. I had her arrested and filed a fraud report with bestegg. They took it off my credit report, however, I recently applied for my own loan on bestegg and they have me listed on their site as delinquent. I spoke to Peter C a so called manager and he said there is nothing he can do. First they give a loan to my wife using my ssn, and now I can’t a loan of my own even though I had her arrested and I’m now divorced from her. I would never use bestegg.com. I’m a victim of fraud due to them and now I’m being punished for alerting them to this fraud.Your personal information is not safe with them.Was this review helpful? Yes
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User Score38 people found this review helpful!Be sure to read the fine print about the upfront funding fee! They pull it upfront and add interest the day of release to your account! I would avoid this lending service and go with someone that has the consumer in mind, particularly when they charge rate the same as a credit card. I would opt to go with a credit card service vs. Best Egg given the upfront fees, no perks, high interest rates, and their crappy customer service and cancellation policies. Avoid this service organization at all costs to save money, frustration, and a bad money lending decision. I hope this helps saves you the agony of what I encountered! AVOID BEST EGG FINANCIAL SERVICES AT ALL COSTS unless you have no other option! All the best to you! And Best Egg I have signs in the major travel hubs of Los Angeles stating the same. If I can have 100 customers avoid your service I won’t be happy until I have 1k customers avoid you! Rgds, JMWas this review helpful? Yes
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User Score010 people found this review helpful!Ridiculous 😠😡. Do not take a loan out with them. There interest rate is disgusting! For a $7500. Loan for 60 month. My monthly payments were $ 228.00 . In 27 months, I paid $3700.00 of interest alone!
I was able to pay it off in the 27th month due to a small inheritance. Thank Goodness! At that point, I still owed $5410! Had I paid it in 33 months later, I would have paid over $14,000.00 for that $7500 loan. They charged me $3.84 cents a day!
Don’t do it!!Was this review helpful? Yes -
User Score15 people found this review helpful!In 2 years I paid $10292 in interest on a $20,000 loan. I was lead to believe it was a lower interest rate was really a 27.25%.(Don’t know what I was thinking!) I have good credit (792) got a personal line of credit at the bank and paid off these leaches. I normally do more research but was busy trying to start up a business no excuse but do your research. There was also a $1000 processing fee taken out. Best Egg is more like the worst Egg!Was this review helpful? Yes
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User Score19 people found this review helpful!Apllied for a loan was approved for 2000.00 . I then was emailed that the needed further documents they wanted my bank user name an password. I was extremely hesitant but i gave it to them anyway. After that they still wanted more documentation my last 2 years of tax returns that showed income etc. I then was called and asked about my application and stated i was self employed receiving same income as previous tax returns. They told me that they were unable to approve due to being selfemployed. I was disappointed and confused and now have to change passwords and secure my info. Not knowing what the security of this site is being its fairly new .Was this review helpful? Yes
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User Score24 people found this review helpful!Applied online and was quoted a lower payment than charged. When I called they stated I had a 3 yr or 5 yr repay option. This option was not clearly stated or I would not have used this company. I only saw $199 for 3 yrs. Since the funds were deposited to my account so quickly, I was unable to cancel the transaction and they stated they could make no modifications.Was this review helpful? Yes
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User Score011 people found this review helpful!Company is a joke. My FICO score is 820 I have two credit cards with rate of 5.99% each. Thought I would consolidate with Best Egg but their ridiculous percent rate was quoted at 10.99%. Maybe I can lend them money at a lower rate they offer to the public!Was this review helpful? Yes
10 Best Egg Reviews