Secured Loan

SECURED LOAN + HOMEOWNER DISCOUNT

A+ rated with the Better Business Bureau

Rated #1 Personal Loan by Best Company

Excellent rating from 6,500+ reviews

Simplify your path to a lower APR

Tackle your goals while saving with a Secured Loan + Homeowner Discount. Unlike home equity loans that need your full home as collateral, this loan is secured with items in your home like light fixtures, cabinets, and vanities. Available exclusively to homeowners, Secured Loan + Homeowner Discount customers can access our lowest rates available. Check your rate now to see how much you can save with secured.

Access up to $50,000 in as little as 24 hours with no additional paperwork

Lower rates and more affordable monthly payments compared to our unsecured loan

An average APR discount of 20% saves money over time

Check your rate without impacting your credit score

What to think about when considering a Secured Loan + Homeowner Discount

1

You have high interest debts that you want to consolidate into a more affordable rate

2

You could use extra cash to make home improvements or repairs

3

You’re looking for a personal home loan that provides a low rate, but doesn’t use your home as collateral

4

You’re interested in a loan term that ranges from 5-7 years

Find out how much you could save

If you’re considering a secured personal loan, try our personal loan calculator to see what your monthly payment and annual percentage rate might be before you apply.

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How it works

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Find your best fit

Assess your budget, read reviews, and learn about debt consolidation loans to find the one that’s right for you.

“The ease with the process was something I have NEVER experienced in my 40 years of adult purchasing. I have had many loans, from home loans to the average car loans. But never was I able to get documents done and funded in a week. That is unheard of!!! All the people who assisted me were unfailing polite and helpful. Thank you so much. I will definitely be using your company again!!!”

Marianne of Santa Paula, CA

Quote is an excerpt from actual customer feedback provided via a Best Egg customer survey.

These images are representative and not the actual customer

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Gather your financial information and submit a quick and easy application online.

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Resources

Learn more about personal loans

Budget-Friendly Homeownership Starts With Home Maintenance

Should you use your 401(k) to pay for home improvements?

Summer Home Maintenance: How to Save on Repairs and Improvements

What is a Home Equity Loan?

Home Addition Costs and How to Pay

Refresh Your Home: 14 Simple Ideas for Adding New Life

Home Equity Loans, HELOCs, and Personal Loans: What’s the Difference?

How to Increase the Value of Your Home Before Selling: 5 Home Improvement Projects Under $15k

Home Improvement Tax Deduction

What’s the Best Way to Pay for Home Improvements?

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FAQ

Both our unsecured personal loans and secured loans are offered based on your personal credit history, but a secured loan requires collateral consisting of fixtures attached to your home.

A fixture is any object physically and permanently attached or fastened to your property. This includes items that are bolted, screwed, nailed, glued, or cemented onto the walls, floors, ceilings, or any other part of your home.

Every state has its own definition of fixtures, but some examples are:

Built-in cabinets and shelving
Bathroom vanities
Light fixtures

Both types of loans place a lien on all or part of your home, which means that you may have to repay your loan in full if you sell, refinance, or obtain new financing on your home. A home equity loan uses your entire property (including the fixtures) as collateral, while Best Egg’s secured loan is only secured by the fixtures in your home. Traditional home equity loans may take several weeks and involve multiple in-person appointments, but with a secured loan, you can file all the paperwork online and receive your money in as little as a few days.

Collateral is an asset that a borrower pledges to secure a loan. Our secured loan uses fixtures as collateral to support your repayment of the loan. The collateral does not include personal items, household goods, or appliances that are not permanently attached to your home.

Your home may be more difficult to sell if the fixtures within it are secured by a lien, and potential purchasers may require that the lien be removed at or before closing the sale.

In addition, we’ll be unable to release the lien on your fixtures until your loan is repaid in full. If you sell your home and its fixtures before fully repaying your loan, it may be declared in default. This means that we would have the right to repossess the fixtures from the new owner.

Your loan would also become immediately due and payable, and any non-payment (or any payments less than the remaining balance) will be reported and appear on your consumer credit reports.

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Best Egg 2023

Legal Terms & Conditions

† Annual Percentage Rates (APRs) range from 5.99%–29.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 8.99% APR has 36 scheduled monthly payments of $157.40. For example: a 5-year unsecured loan of $10,000 with an APR of 9.99% has 60 scheduled monthly payments of $201.81, and a 3 year unsecured loan of $5,000 with an APR of 8.99% has 36 scheduled monthly payments of $157.40. A 5-year secured loan of $20,000 with an APR of 9.99% has 60 scheduled monthly payments of $412.16, and a 3 year secured loan of $12,500 with an APR of 15.99% has 36 scheduled monthly payments of $ 426.25.

About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days.

Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Marlette Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc.

The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. If offered, your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies.

Loan amounts range from $2,000–$50,000. Residents of Massachusetts have a minimum loan amount of $6,500; Ohio, $5,001; and Georgia, $3,001. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, or U.S. Territories. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000.

Best Egg loans can be repaid at any time without penalty. Barring any unforeseen circumstances, Best Egg loans have a minimum term of 36 months and a maximum term of 84 months.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

*The Best Egg Secured Loan is a personal loan secured using a lien against fixtures permanently attached to your home such as built-in cabinets, light fixtures, and bathroom vanities. Rest assured, your home itself will not be used as collateral.