PERSONAL LOANS
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 caters to borrowers who have a FICO credit score of over 695. Because of this, the lender has one of the lowest maximum APRs on the market, offers term lengths up to 84 months and offers up to $100,000.
- A FICO score of 695 or higher
- No fees
Same day if approved by 2:30 p.m. ET
Pros
- Fast approval and funding
- No fees
- Low minimum APR
Cons
- No soft credit check prequalification
- High minimum loan amount requirement
- You need good to excellent credit
*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.