The loans can be used for debt consolidation, home improvement and most other expenses.
Best Egg may be a good fit for you if: You have good credit and several years of credit history.
The minimum required credit score is 640, but Best Egg’s borrowers have an average score of 700.
Does a best egg Loan hurt your credit?
However, if your credit isn’t quite as good as you’d like or if you don’t qualify for a bank loan, Best Egg is a great option to consolidate debt or make larger purchases. *Soft credit pulls do not generally affect your credit score or report but many soft pulls in a short period of time can have an effect.
Will Best Egg affect my credit score?
Pre-approval will not affect your credit score. Your rate depends on factors such as income, credit score, credit usage history, loan amount, loan term, debt payment obligations, and more. This prompts a hard credit inquiry — a lender request to the credit bureau for your credit score.
Which is better Lending Club or best egg?
Best egg is similar in this regard. The company charges no application fee but does have a .99% to 5.99% origination fee. Loan amount: LendingClub offers loans for as low as $1,000 up to $40,000. Best Egg’s loans range from $2,000 to $35,000.
Can you have more than one best egg loan?
Take out two loans at once. If you already have a personal loan with Best Egg and it’s in good standing, you’re allowed to take out another one as long as you’re not borrowing a total of more than $50,000. See if you prequalify without hurting your credit.
Photo in the article by “Mount Pleasant Granary”