Overview
Best Egg
$2,000
$50,000
36–60 Months
600
Percentage
Neither
13 Years
FreedomPlus
$7,500
$50,000
24–60 Months
Undisclosed
Percentage
N/A
23 Years
Ratings
Best Egg
FreedomPlus
Reviews
Best Egg
Reviews
FreedomPlus
Reviews for Best Egg
Helpful Favorable Review
Bob Martin
April 20th, 2022
Greenfield, IN
DETAILS
The process is pretty darn fast, so good I decided to borrow again to get a better rate than the one I had from another Lending service. Paid that one off and a couple small credit card's and get to keep more money in the pocket.
Helpful Critical Review
Seth Lasher
March 12th, 2022
MN
Very easy to use and a great app and system. BUT I have had a couple loans in my day and that origination fee is not ok. My loan was for a specific amount “that I needed” which I now will not receive because you charged me a fee? I am narrowing money that I’ll pay back with interest so why would you need an “origin fee” ? Future barrows make sure this is ok for you
Reviews for FreedomPlus
Helpful Favorable Review
David Summers
March 8th, 2022
Wills Point, TX
From the time I applied everything moved really fast. Ryan D called me within 15 mins to finalize. Final documents were complete in another 10 minutes. This was almost hard to believe how quickly this happened.
Helpful Critical Review
Darryl Menges
April 12th, 2022
Escondido, CA
I would like to leave zero stars but that is not available. I applied to have 2 loans paid off. They funded me with the amount to pay the 2 loans but only paid of one, leaving me holding the bag. Terrible customer service. Try another loan consolidation option. Thanks for nothing!!!!!
The Final Word
Overall, Best Egg and FreedomPlus offer very similar personal loans services with both thriving in customer service, ease, and transparency. Both companies are great options for those looking to get approved for a personal loan; however, there are a few small differences that may sway your opinion to do service with one company over the other. Here are the main differences between Best Egg and FreedomPlus:
Credit Score Requirements
For those who don't have impeccable credit, FreedomPlus and Best Egg are both great options. Comparatively, these two companies have some of the most competitive credit score limits in the industry.
FreedomPlus has a credit score minimum of 620 whereas Best Egg requires a 640. These two minimums are close, but ultimately FreedomPlus is the better option if your credit is below a 640.
Prepayment Fees
Some personal loan companies will penalize borrowers for trying to pay off their loan early — an obvious frustration for those who have the money and the drive to get ahead of their payments.
FreedomPlus and Best Egg do not charge prepayemnt fees; however, Best Egg has a great benefit for those who do want to pay off their loan early.
Borrowers at Best Egg can receive a reduced rate if they make a consistent effort to pay off their loans early. This is a huge benefit to those who are aggressively trying to pay off their debt.
It should be noted that FreedomPlus gives the option to lock in interest rates, helping borrowers to not get tripped up in bigger interest rates down the road.
Customer Reviews
You won't find many complaints against Best Egg or Freedom Plus because customer reviews are extremely positive for both. Thousands of customer reviews give these companies 5/5 stars. Here on Best Company, we pulled the thousands of customer reviews to give you a rating break down for both companies:
Best Egg
- 5 star: 91%
- 1 star: 1%
FreedomPlus
- 5 star: 80%
- 1 star: 6%
Clearly, these reviews reveal that the majority of customers felt pleased with their interatctions between both Best Egg and FreedomPlus.
Cosigners
FreedomPlus does allow you to cosign with someone when you apply for a loan. This is a great benefit to you, the borrower, because you will most likely be offered slightly lower interest rates or other money saving benefits. These type of benefits are common because lenders see cosigning as a form of security. Putting two people under the shared responsibility of the loan repayment adds more security compared to a single borrower taking all the responsibility for the loan.
Best Egg does not allow cosigners for its personal loans, but it does allow you to make payments based on your household income instead of just individual income.
Limited Services in Certain States
FreedomPlus is able to offer loans in 35 states whereas Best Egg services 47 states and the D.C. area.
For a more comprehensive look at Best Egg and FreedomPlus, click on the company's name below to discover which company is right for you.
