Unfortunately, we’re unable to alter the interest rate or APR you've been approved for. Your rate is based on many factors, including information from the credit bureau(s), your application, and your financial obligations compared to your income.
Please keep in mind:
- Rates may vary depending on the term selected.
- No prepayment penalties mean you can make additional payments to reduce the amount of accrued interest over the loan term.
- Fixed monthly payments provide predictability and help making budgeting easier.
- Best Egg loans are simple interest loans, so interest is charged on the unpaid principal balance daily. As you pay down your principal balance, the daily interest amount will also be reduced.
- A certain amount of your monthly payment is put toward interest every month, and the rest goes directly to the principal.
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