LightStream and Best Egg have gained a trusted reputation in the consumer lending space. LightStream is an online lender that is a division of the National Truist Bank. At the same time, Best Egg has funded 1.1 million loans and has garnered a 95 percent customer satisfaction rating since its inception in 2014.

Both lenders are ideal for those with good to excellent credit, but the loans themselves aren’t a one-size-fits-all solution. Compare the lender details to decide which lender would be the best fit for your credit situation.

Best Egg vs. LightStream at a glance

Both lenders offer solid personal loans that can help in various financial situations. However, there are key differences that may impact your choice.

Best Egg LightStream
Bankrate Score 4.6 4.7
Better for Borrowers with fair to excellent credit Debt consolidation and home improvement
Loan amounts $2,000-$50,000 $5,000-$100,000
APRs 8.99%-35.99% 7.49%-25.49%
Loan term lengths 36-60 months 24-144 months
  • Origination fee: 0.99%-9.99%
  • $15 late fee
  • $15 returned late payment fee
Minimum credit score 640 Not specified; only approves good-to-excellent credit profiles
Time to funding As soon as one business day As soon as same day

Best Egg personal loans

Best Egg personal loans

Rating: 4.6 stars out of 5
Learn more in our Bankrate review

LightStream personal loans

LightStream personal loans

Rating: 4.7 stars out of 5
Learn more in our Bankrate review

How to choose between Best Egg and LightStream

Best Egg and LightStream offer unsecured personal loans for borrowers with good to excellent credit and a steady income.

Despite this, Best Egg has a higher APR maximum by 10 percent and charges an origination fee, making it the potentially more expensive option. However, with LightStream, you could be taking a gamble regarding the approval, as most of the eligibility requirements aren’t listed on its website, and it doesn’t offer prequalification.

Choose Best Egg if you have excellent credit

Because of its multiple fees, high APR range and shorter repayment terms than LightStream, Best Egg is only recommended for those with an excellent FICO credit score.

Those who don’t qualify for the most competitive rates and fees may want to take their business to a lender that doesn’t charge an origination fee or one that offers you a better predicted rate.

Choose LightStream if you need a large loan

LightStream’s maximum loan amount of $100,000 is higher than most lender’s, although only the most creditworthy borrowers will qualify for the maximum loan amount.

Those who have excellent credit, a low debt-to-income ratio and a good history of repayment are more likely to get approved for this maximum amount.

Compare more lenders before applying

LightStream’s high loan amount, competitive APRs and Rate Beat program make this lender hard to beat. However, Best Egg offers prequalificaiton and more clearly lays out its eligibility criteria, so you won’t incur credit damage when getting your predicted rate and approval odds.

Compare more lenders that offer prequalification to make sure you’re getting the best rate possible for your credit situation rather than going for the first lender that offers you a loan.