LightStream: Best for excellent credit
4.7
Bankrate Rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
The annual percentage (APR) includes your interest rate, plus any loan fees. It reflects the total cost of borrowing.
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This lender is registered in states where it does business, has a Consumer Loan Company License and was vetted by the Bankrate Editorial team.
LightStream is a top-tier lender for excellent credit borrowers. It offers one of the lowest APRs among all of our featured personal loan lenders, with excellent credit borrowers being most likely to get the most competitive rates.
- Good-to-excellent credit profile
- Several years of mixed credit
- Assets or savings
- Stable, sufficient income
- Few reported delinquencies
- None
Same day if approved before 2:30pm EST, Mon-Fri
Pros
- Rate beat program
- Long loan terms
- Competitive rates
Cons
- No preapproval
- High minimum loan amount of $5,000
- No due date flexibility
*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are .50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 9.99% APR with a term of 3 years would result in 36 monthly payments of $322.62. Truist Bank is an Equal Housing Lender. © 2024 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.