Egg was formed in 1998 and has grown into the world’s largest purely online bank. Egg offers a range of borrowing, saving and insurance products and services, including the Egg personal loan.
With the Egg personal loan, there is no early repayment fee and borrowers can take repayment holidays when funds are low. As long as you’ve made three consecutive monthly repayments, you can take a break for up to three months in any 12 month period. You can also change your repayment amounts at any time.
If you are already an Egg credit card customer, you can receive the money one working day after your application is approved. You can also get an instant decision if you apply over the phone. Egg personal loans can be repaid over any time period from six months to seven years.
With Egg personal loans, interest is calculated daily so you only pay interest on the amount you owe. You can also apply for top-up loans.