Personal Loans review

Best Egg review

Name: Best Egg review
Item: Best Egg
Rating: 8.2
Author: ChoosyOwl

Best for direct creditor payment

Online lender with a soft-pull rate check, direct creditor payment and secured loan options. Borrowers consolidating debt who want funds sent directly to creditors. We rank it #8 of 10 in our personal loans comparison, with an editorial score of 8.2 out of 10.

Updated November 14, 2026By the ChoosyOwl editorial teamHow we rank

8.2/10

Our editorial score

Best Egg scores well on Rate-check experience because its site says the rate check uses a soft credit inquiry, and on Borrower flexibility for direct payment to creditors and a secured Homeowner option that uses home fixtures as collateral. It also does well on Eligibility clarity because it lists the states where it does not lend. It scores lower on Cost transparency because loans carry an origination fee, and on Customer protection & hardship options, where its published detail is lighter than the leaders'.

How we score personal loans

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Lending disclosure.

We are not a lender and do not make credit decisions. We do not broker loans or arrange credit on your behalf. Rates, APRs, fees and terms are set by each lender and depend on your credit profile, income, loan amount, loan term and state of residence. Not all products are available in all states.

Checking your rate usually uses a soft credit inquiry that does not affect your credit score. Submitting a full application typically triggers a hard credit inquiry, which may affect your credit score. Approval is never guaranteed, and the rate you are offered may differ from any rate a lender advertises.

Representative example: Happen Bank (formerly LendingClub) shows this example on its site (https://www.happen.com/personal-loan): a borrower receives a loan of $15,262 for a term of 36 months, with an interest rate of 13.99% and a 6% origination fee of $916, for an APR of 18.40%. In this example, the borrower receives $14,346 and makes 36 monthly payments of $522. This example is as published on Happen Bank's site in November 2026; rates change, check your rate on the lender's site. It is an illustration from one lender, not an offer, and your own terms will differ.

Borrow only what you can repay. Missing payments can lead to late fees, collection activity and damage to your credit.

Quick facts

Our rank#8 of 10

Best forBest for direct creditor payment

Lender typeOnline lender via partner bank

Soft-pull rate checkYes, soft-pull rate check

APR range (as published)6.99%-35.99% APR unsecured; 5.99%-29.99% APR secured

Loan amounts (as published)$2,000-$50,000 (unsecured)

Terms (as published)36-60 months unsecured; 36-84 months secured

Fees (as published)Origination fee 0.99%-9.99% (unsecured), deducted from proceeds

Facts checkedNovember 14, 2026

Details are general and can change. Check current plans, prices and terms on the Best Egg site. See the Best Egg company profile in our brand directory.

Overview

Best Egg is an online lending platform whose personal loans are made by Cross River Bank. Its site says checking your rate uses a soft credit inquiry, and that a hard inquiry may be required if you accept a loan and move forward.

Best Egg offers direct payment to creditors for debt consolidation and a secured loan with a homeowner discount that uses fixtures such as cabinets and vanities as collateral rather than your whole home. Collateral still adds risk if you fall behind, so read the terms carefully. Its site also lists the states and territories where its loans are not available.

As published on Best Egg's site in November 2026, unsecured loans have APRs of 6.99% to 35.99% with an origination fee of 0.99% to 9.99%, loan amounts of $2,000 to $50,000 and terms of 36 to 60 months, and secured loans have APRs of 5.99% to 29.99%; rates change, check your rate on the lender's site.

Pros and cons

Pros

Simple online rate check
Direct creditor payment for consolidation
Secured option may lower the rate for homeowners
Publishes a payment example and state availability

Cons

Loans carry an origination fee
Secured loans put collateral at risk
Not available in every state

Key features

Soft-pull rate check before you apply
Direct payment to creditors for debt consolidation
Secured loan with homeowner discount (check current terms)
Loans made by Cross River Bank
Mobile app

Who Best Egg is for

A good fit if

Borrowers consolidating debt who want funds sent directly to creditors.

Look elsewhere if

Anyone who wants to avoid origination fees.

How we scored Best Egg

Our personal loans score weighs cost transparency (25%), rate-check experience (25%), borrower flexibility (20%), customer protection & hardship options (20%), eligibility clarity (10%). See the methodology.

Best Egg alternatives

#1
SoFi
Best overall
Online bank with a soft-pull rate check, autopay discount, co-borrower option and published unemployment protection.
- Soft-pull rate check before you apply
- Autopay and member rate discounts (check current terms)
- Unemployment Protection Program (check eligibility)
- Co-borrower applications accepted
9.3/10
Editorial score
Visit site (SoFi, opens in a new tab) Read review Compare
#2
PenFed Credit Union
Best for no origination fee
Federal credit union with a soft-pull rate check, no origination fee and an autopay discount.
- Soft-pull rate check before you apply
- No origination fee, early payoff fee or balance transfer fee
- Rate discount for autopay set up before funding (check current terms)
- Loans for debt consolidation, home improvement and personal use
9.1/10
Editorial score
Visit site (PenFed Credit Union, opens in a new tab) Read review Compare
#3
Upgrade
Best for debt consolidation
Online lender with a soft-pull rate check and direct payment to creditors for debt consolidation.
- Soft-pull rate check before you apply
- Option to pay creditors directly for debt consolidation
- Joint applications accepted
- Discounts for autopay, direct payoff and secured options (check current terms)
8.9/10
Editorial score
Visit site (Upgrade, opens in a new tab) Read review Compare

See all 10 personal loan options compared

Best Egg FAQ

Does Best Egg offer prequalification?

Yes. Best Egg's site says checking your rate uses a soft credit inquiry that does not affect your credit score. A hard inquiry may be required if you accept a loan and move forward.

Can Best Egg pay off my credit cards directly?

Best Egg offers direct payment to creditors for debt consolidation. Check the current terms on Best Egg's site.

Does Best Egg offer secured personal loans?

Yes. Best Egg offers a secured loan with a homeowner discount that uses home fixtures as collateral. Collateral adds risk if you miss payments, so read the current terms carefully on Best Egg's site.

Sources and fact check

We checked the facts on this page against Best Egg's own website on November 14, 2026. Published ranges are quoted as shown on the provider's site on November 14, 2026; they change, so check the current figures before you apply.

https://www.bestegg.com/