Yusra3
VIP Contributor
When it comes to online personal loan lenders, Best Egg and LightStream are two of the most prominent options. Both offer competitive interest rates, flexible loan amounts, and funding for a variety of purposes. However, there are some key differences to consider.
Best Egg has slightly higher maximum APRs than LightStream, but minimum credit score requirements are lower, making them more accessible to fair credit borrowers. LightStream only accepts those with good to excellent credit. Best Egg charges origination fees, while LightStream has no such fees.
LightStream offers slightly larger loan amounts up to $100,000, whereas Best Egg caps out at $50,000. However, Best Egg's minimum loan size is lower at $2,000 compared to LightStream's $5,000 minimum.
Ultimately, LightStream may be a better choice for those with strong credit profiles seeking lower interest rates and higher loan limits with no fees. But for fair credit borrowers needing smaller loan amounts, Best Egg's accessibility gives them an edge. Comparing rates and terms from both can help determine the ideal personal loan fit.
Best Egg has slightly higher maximum APRs than LightStream, but minimum credit score requirements are lower, making them more accessible to fair credit borrowers. LightStream only accepts those with good to excellent credit. Best Egg charges origination fees, while LightStream has no such fees.
LightStream offers slightly larger loan amounts up to $100,000, whereas Best Egg caps out at $50,000. However, Best Egg's minimum loan size is lower at $2,000 compared to LightStream's $5,000 minimum.
Ultimately, LightStream may be a better choice for those with strong credit profiles seeking lower interest rates and higher loan limits with no fees. But for fair credit borrowers needing smaller loan amounts, Best Egg's accessibility gives them an edge. Comparing rates and terms from both can help determine the ideal personal loan fit.
