Best Egg vs. LendingClub: Personal Loan Matchup Based on Your Credit and Needs

	4.8 View Rates	4.7 View Rates
Rates (APR)	8.99% – 35.99%	6.34% – 35.89%
Rates (APR)	Rates (APR)
8.99% – 35.99%	6.34% – 35.89%
Loan amounts	$2,000 – $100,000	Up to $50,000
Loan amounts	Loan amounts
$2,000 – $100,000	Up to $50,000
Term lengths	36 – 60 months	36 – 60 months
Term lengths	Term lengths
36 – 60 months	36 – 60 months
Min. credit score	600, but 640 recommended	600
Min. credit score	Min. credit score
600, but 640 recommended	600
Fees	0.99% – 9.99% origination fee, late payment, returned payment	1% – 8% origination fee, late fee
Fees	Fees
0.99% – 9.99% origination fee, late payment, returned payment	1% – 8% origination fee, late fee
Loan types	Secured and unsecured	Unsecured
Loan types	Loan types
Secured and unsecured	Unsecured
	See the best personal loans

Best Egg is an online lender offering both unsecured and secured personal loans funded by institutional investors. Its secured loans are backed by permanent fixtures in your home—like built-in cabinets, bathroom vanities, and light fixtures—providing an alternative to traditional home equity loans without using your entire home as collateral.

LendingClub, once known for its peer-to-peer lending model, now functions as a traditional personal loan lender. Like Best Egg, it charges an origination fee that’s taken out of your loan proceeds. Although the peer-to-peer aspect is gone, LendingClub still aims to provide accessible online lending through a streamlined digital experience.

Table of Contents

1. LendingClub vs. Best Egg: Which is right for you?
   1. You have good to excellent credit (700+): Best Egg
   2. You want to minimize fees: LendingClub (in most cases)
   3. You want a secured personal loan: Best Egg
2. Companies like Best Egg and LendingClub
   1. Best Egg vs. Upstart
   2. Best Egg vs. SoFi
   3. LendingClub vs. Prosper
   4. SoFi vs. LendingClub
   5. Prosper vs. Best Egg
   6. LendingClub vs. LendingTree
   7. LendingClub vs. Upstart
   8. Upgrade vs. LendingClub

LendingClub vs. Best Egg: Which is right for you?

You have good to excellent credit (700+): Best Egg

Best Egg is known for offering lower interest rates to borrowers with strong credit. If your credit score is 700 or higher, you’re more likely to qualify for its lowest advertised APRs, making it the more affordable choice.

Winner

Best Egg

You have fair credit (650–699): LendingClub

LendingClub may be more flexible when it comes to approving borrowers with fair credit. If your score falls in the mid-600s, you’ll likely have a better shot at approval—and more reasonable rates—through LendingClub than Best Egg.

Winner

LendingClub

You need a smaller loan amount: LendingClub

LendingClub allows you to borrow as little as $1,000, making it a solid option if you only need a small loan to cover short-term expenses. Best Egg requires at least $2,000, and some states may have even higher minimums.

Winner

LendingClub

You need a larger loan amount: Best Egg

Best Egg offers personal loans up to $100,000, significantly more than LendingClub’s $50,000 cap. If you’re consolidating debt, financing a large project, or need access to more cash, Best Egg is the better choice.

Winner

Best Egg

You live in Iowa or a U.S. territory: Best Egg

LendingClub does not issue loans in Iowa or U.S. territories, so residents in those areas will need to look elsewhere. Best Egg doesn’t list state exclusions publicly and may be available to more borrowers in those regions.

Winner

Best Egg

You want the fastest approval and funding: Best Egg

While both lenders offer online applications, Best Egg often provides faster loan decisions and funding—sometimes even on the same day. If speed is your top priority, Best Egg is more likely to get you the money sooner.

Winner

Best Egg

You want to minimize fees: LendingClub (in most cases)

Both lenders charge origination fees, but the ranges differ slightly.

• Best Egg: 0.99% – 9.99%
• LendingClub: 1% – 8%

If you have excellent credit, Best Egg may offer the lower end of its range—below LendingClub’s minimum. However, for many borrowers, LendingClub’s capped 8% maximum could lead to lower fees overall.

To be sure, compare prequalified offers from both. Your credit profile will determine the actual fee, which is deducted from your loan before you receive the funds.

Winner

LendingClub

You want a secured personal loan: Best Egg

Best Egg offers a unique secured loan option that uses your home’s permanent fixtures—such as built-in cabinets, bathroom vanities, and light fixtures—as collateral. This can be beneficial for homeowners looking to access lower interest rates without leveraging their entire home. LendingClub does not offer secured personal loans.

Winner

Best Egg

Companies like Best Egg and LendingClub

If you’re exploring companies like Best Egg and LendingClub, you’re not alone—many borrowers compare their options to make sure they’re getting the best rates, fees, and approval odds. Whether you’re focused on low credit requirements, fast funding, or flexible terms, it’s worth seeing how these two lenders stack up against the competition.

We’ve created direct lender comparisons to help you narrow things down:

Wondering how companies like Best Egg or LendingClub stack up to the competition? Whether you’re after lower fees, flexible approval, or higher loan limits, these head-to-head comparisons can help you decide which lender fits your needs best.

Best Egg vs. Upstart

Best Egg relies on traditional credit criteria, while Upstart uses AI to consider factors like education and employment—making Upstart more accessible for younger borrowers with limited credit history.

Best Egg vs. SoFi

SoFi may offer higher loan amounts, no fees, and more perks for high-income borrowers. Best Egg, on the other hand, can be a better fit for those with solid credit who want fast approval without extra features.

LendingClub vs. Prosper

These two fair-credit lenders have similar loan terms and approval ranges, but LendingClub often stands out for its slightly higher loan cap and wider availability than Prosper.

SoFi vs. LendingClub

SoFi’s lack of fees and premium borrower perks make it ideal for strong-credit applicants, while LendingClub’s broader credit flexibility appeals to those in the fair-to-good range.

Prosper vs. Best Egg

Prosper and Best Egg both serve borrowers with decent credit, but Prosper still operates with a peer-to-peer model, while Best Egg is backed by institutional investors and tends to offer faster funding.

LendingClub vs. LendingTree

LendingClub is a direct lender issuing loans through its own platform, while LendingTree is a marketplace that shows you offers from multiple lenders—ideal for rate shopping.

LendingClub vs. Upstart

LendingClub offers consistency and solid borrower support, whereas Upstart may be more accessible to those with unconventional credit backgrounds thanks to its AI-driven underwriting.

Upgrade vs. LendingClub

Upgrade provides unique features like free credit monitoring and rewards for on-time payments, while LendingClub focuses on simple, fixed-rate personal loans with wide credit accessibility.

Or, for a broader view, head over to our guide to the best personal loan lenders.

How we rated Best Egg and LendingClub

We designed LendEDU’s editorial rating system to help readers find companies that offer the best personal loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared Best Egg and LendingClub to several personal loan lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take on each company is represented in our ratings and best-for designations, recapped below.