Review of the best personal egg loans 2021 – 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 against. SoFi

SoFi offers personal loans up to $ 100,000 off of Best Egg’s $ 50,000 maximum, and the lender’s APRs only extend to around 20%, which is well below Best’s maximum rate. Egg. Likewise, SoFi’s loan terms are more extensive, with options ranging from two to seven years versus three to five for Best Egg. As with other competing lenders, SoFi doesn’t charge any origination fees, making it a cheaper borrowing option than Best Egg.

Related: Review of SoFi Personal Loans 2021

Best egg against. LightStream

LightStream offers personal loans between $ 5,000 and $ 100,000, depending on the purpose of your loan, and APRs starting below 3% with automatic payment (for some loans). Beyond the higher loan amounts, LightStream’s rates are just over 20%, which is much lower than Best Egg offers. That said, LightStream has stricter eligibility requirements than Best Egg, making it harder to get a personal loan.

LightStream also offers a wide range of loan terms ranging from two years to 12 years, depending on the purpose of the loan. The lender also beats Best Egg when it comes to fees, as LightStream borrowers don’t pay prepayment penalties or set-up fees.

Related: 2021 LightStream Personal Loan Review

Best egg against. To improve

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

Related: 2021 Personal Loan Review Upgrade

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