✅ WiseIQ Verdict

Best Egg is a legitimate, licensed lender. They are registered with state financial regulators, use 256-bit SSL encryption, and are accredited with the Better Business Bureau. While they have some customer complaints (as most lenders do), there are no major fraud patterns or regulatory actions that would indicate a scam.

Trust Signals We Verified

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Issued by Cross River Bank and Blue Ridge Bank (FDIC insured)
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BBB Accredited Business
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256-bit SSL encryption
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Founded 2014, over $10 billion originated
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Licensed in all states where it operates
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Secured loan option available

Things to Know Before Applying

  • Origination fee of 0.99% to 9.99% applies
  • APRs can reach 35.99% for lower credit profiles
  • Minimum loan of $2,000 (can't borrow less)
  • No co-signer option available

Best Egg Loan Details

APR Range6.99% – 35.99%
Loan Amounts$2,000 – $50,000
Loan Terms3 – 7 years
Min. Credit Score600
Origination Fee0.99% – 9.99%
Time to Fund1 – 3 business days

Looking for a Strong Alternative?

Upstart is a strong alternative to Best Egg, especially if your credit score is below 600. Upstart has no minimum credit score, offers loans up to $75,000 (vs Best Egg's $50,000), and uses AI-based underwriting that considers your education and work history. Check your rate with no credit impact.

Check Upstart Rate — No Credit Impact →

Frequently Asked Questions

Is Best Egg a legitimate lender? +
Yes. Best Egg is a legitimate online lender that has originated over $10 billion in loans since 2014. Their loans are issued by Cross River Bank and Blue Ridge Bank, both FDIC-insured.
Does Best Egg offer secured loans? +
Yes. Best Egg offers secured personal loans backed by home fixtures or a vehicle. Secured loans typically come with lower APRs than unsecured loans.
What credit score do you need for Best Egg? +
Best Egg requires a minimum credit score of 600. Borrowers with higher scores (700+) qualify for the best rates.
Does Best Egg do a soft pull? +
Yes. Best Egg performs a soft credit pull when you check your rate, which does not affect your credit score.
Is Best Egg FDIC insured? +
Best Egg loans are issued by Cross River Bank and Blue Ridge Bank, both of which are FDIC insured. Best Egg itself is a financial technology company, not a bank.

Related Guides

Upstart Review 2026 → Upstart vs Best Egg → Best Personal Loans 2026 → Personal Loans for Bad Credit →

WiseIQ may earn a referral fee from some lenders on this page. This does not influence our editorial ratings or recommendations. Our reviews are independently researched and editorially independent. Updated April 08, 2026.