Best Egg personal loans come with the following requirements:
Loan Requirements
- A minimum credit score of 640
- Debt to income ratio of lower than 40%, or 65% if you have a mortgage
Loan Terms
- Typical APR rates range between 7.99% and 35.99%
- Loan amounts range from $2,000 to $50,000
- Origination fees of 0.99% to 8.99%
- No prepayment fees
Repayment Terms
- Loan terms range from 36 months to 60 months
- No prepayment fee is charged for early repayment of a loan
Prospective borrowers can use Best Egg personal loans for a variety of reasons, including debt consolidation, home improvements, moving expenses, major purchases, vacation loans, and special occasion loans.
Nonetheless, the loan terms and requirements for a Best Egg personal loan are not the best in the market. The origination fee is high, as is the APR if your credit score is near the minimum of 640. However, not having a prepayment fee is a plus, as is the speed of obtaining the loan.