PERSONAL LOANS
LightStream: BEST FOR WIDE RANGE OF REPAYMENT TERMS
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 offers repayment terms as long as 84 months — among the lengthiest of the lenders we've reviewed. Combined with loan amount maximums as high as $100k, the lender offers an alternative for homeowners who don’t have enough equity to get a home equity loan for a major renovation. A word of caution: You may not qualify if your score is below LightStreams 695 minimum FICO.
- Borrowers must have good to excellent credit
- None
Same day if approved by 2:30 p.m. ET
Pros
- No fees
- Same-day funding
- Variety of repayment options
Cons
- Excellent credit required
- Long credit history required
- No prequalifying online
*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.