Best Egg Personal Loans Review 2022 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Best Egg Personal Loans compare to other popular lenders:

Best egg vs. SoFi

SoFi offers personal loans up to $ 100,000, compared to Best Egg’s maximum of $ 50,000, and the lender’s APR only goes up to about 20% – much lower than Best Egg’s maximum. SoFi’s loan terms are also more extensive, with options ranging from two to seven years compared to Best Egg’s three to five years. As with other competing lenders, SoFi doesn’t charge any issuing fees, making it a cheaper loan option than Best Egg.

Related: SoFi Personal Loan Review

Best egg vs. LightStream

LightStream offers personal loans between $ 5,000 and $ 100,000, depending on the purpose of your loan, and APR starting from 3% with autopay (for some loan purposes). Aside from the larger loan amounts, LightStream’s interest rates are just over 20% – much lower than those offered by Best Egg. However, LightStream has stricter eligibility requirements than Best Egg, making it harder to qualify for a personal loan.

LightStream also offers a wide range of loan terms from just two years up to 12 years, depending on the loan purpose. The lender also beats Best Egg in terms of fees, as LightStream borrowers don’t pay any prepayment penalties or issuing fees.

Related: LightStream Personal Loan Review

Best egg vs. update

Upgrade customers can borrow anywhere from $ 1,000 to $ 50,000, which is on par with the loan amounts available through Best Egg. The APR are also similar among lenders, with upgrade rates ranging from about 6% to about 36%. However, Upgrade offers more extensive credit terms than Best Egg with terms between two and seven years and has a lower minimum credit requirement than Best Egg – only 580.

Related: Update personal credit review

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