Loans (US)

LightStream personal loan full review

Do you need to fund your wedding costs? Or a home improvement? Or medical expenses? This LightStream personal loan review post will show you how lending can be uncomplicated.

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by Aline Augusto

Published on 01/10/2022

LightStream personal loan: low rates for those with good credit 

Check out our LightStream personal loan review. Source: LightStream.
Check out our LightStream personal loan review. Source: LightStream.

If you manage a good credit history, you may find an opportunity in the market: a loan with low rates from LightStream, a division of Suntrust Bank. And you’ll learn all about it in this LightStream personal loan review!

Borrowing money from them is easy and fast, and you can get a discount on APR by settling the autopay option.

Furthermore, there are no fees whatsoever.

So, keep reading to learn more about how it works and if it fits your needs and goals.

APRFrom 2.49% to 19.99% with autopay
From 2.99% to 20.49% without autopay
Loan PurposePersonal, including the purchase of house and land, home improvements, medical expenses, debt consolidation, wedding costs, preschool and K-12 expenses
Loan AmountsFrom $5,000 to $100,000
Credit NeededAt least 660 – Good 
TermsFrom 2 to 7 years
Origination FeeNone
Late Fee$0
Early Payoff PenaltyNone
Tela de computador e logo LightStream

How to apply for the LightStream personal loan?

LightStream personal loan offers large amounts at low rates so you can accomplish your goal! Check out how to apply for it!

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How do the LightStream personal loans work?

It doesn’t matter if you need money for a home improvement, purchase land or a small house, cover medical expenses, or help you with debt consolidation; LightStream might be your lender. 

It features low rates with flexible terms and large amounts to borrow. 

And you get an APR discount for autopay, ranging from 2.49% to 19.99%.

Also, unlike many other lenders, LightStream doesn’t charge an origination fee, prepayment, or late fees. 

Moreover, the application is relatively simple, and the funding process is pretty fast.

However, you should know that it limits the use of funds for specific purposes. So, make sure your goal meets the requirements.

LightStream personal loans benefits

Learn more about the LightStream personal loan. Source: Canva.
Learn more about the LightStream personal loan. Source: Canva.

This lender offers large amounts from $5,000 to $100,000 at low rates ranging from 2.99% to 20.49%, and from 2.49% to 19.99% with autopay.

Plus, it features flexible terms from 2 to 7 years. And you can get up to 12 years as repayment terms depending on the loan purpose you sign up for. 

There are no fees, and you get some perks, as well. For example, if you are unhappy with your experience, after 30 days of getting your loan at LightStream, you can get a $100 as a loan experience guarantee.

And this lender provides a rate beat program. That is, it beats a competitor’s interest rate if the borrower shows an application approved by another lender with a regular fixed-rate loan in the same purpose, amount, terms, and conditions.

Pros

  • The application is easy, and the funding is fast;
  • You can apply for a variety of loan purposes;
  • You can get up to $100,000 with flexible terms ranging from 2 to 7 years;
  • It offers competitive and low rates, ranging from 2.49% to 19.99% with autopay;
  • It doesn’t charge origination, late, and prepayment fees;
  • Plus, it provides a rate beat program and a loan experience guarantee.

Cons

  • It requires at least a good credit score;
  • It doesn’t offer a pre-qualification;
  • Plus, it limits the use of the loan as conditions apply.

Should you apply for the LightStream personal loan? 

If you have a good credit history and search for a lender with a fast and transparent funding process, LightStream might be an excellent option for you.

It offers large amounts with flexible terms, low rates, and no fees of any kind!

Can anyone apply for a loan at LightStream personal loan?

Anyone who lives in all 50 states, plus Washington, D.C., and Puerto Rico, carries a good credit history. To find out more about it, keep reading right below!

What credit score do you need for LightStream personal loans?

LightStream considers an excellent or a good credit those who have:

  • Several years of credit history, with a variety of account types and mortgage debt if applicable;
  • Good standing payment history with no or a few problems related to it;
  • Evidence the following: liquid assets, retirement savings, cash down payments on real estate, and manageable revolving credit card debt;
  • A stable source of income to repay debt obligations.

How to apply for a LightStream personal loan?

The application is relatively simple, and the funding is fast. So, learn how to apply for a personal loan at LightStream and accomplish your goals immediately!

Tela de computador e logo LightStream

How to apply for the LightStream personal loan?

LightStream personal loan offers large amounts at low rates so you can accomplish your goal! Check out how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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