Rocket Loans or LightStream Loans: Which is the best? Usually, when it comes to finding a loan to fund something you need, you must be careful with your research. 

You should consider interest rates, fees, repayment options, the amount wanted, and more. Also, most lenders require at least a good credit score. And if you find one that doesn’t, it typically charges some high fees.

But today, we will present you two lenders that are considered great deals in the market. So, check out the comparison right below!

It is not easy to find a lender that accepts borrowers with less than perfect credit history. It is not the case with Rocket Loans. 

Although it charges an origination fee in addition to advertised APRs, it only requires a fair credit score, unlike many other companies.

Also, even though it charges a late fee, it offers a 10-day grace period. 

Plus, it gives you discounts on APRs if settling an automatic payments option. 

In addition, it provides repayment terms ranging from 3 to 5 years with amounts from $2,000 to $45,000 for large expenses reasons.

You can use this loan for debt consolidation, home improvement, expenses related to auto, travel, vacation, and more.

However, it is not allowed to sign in for student loans and illegal activities.

If you are searching for a lender with flexible terms, low rates, and large amounts, LightStream might be an excellent choice for you. But note that it is recommended that you have at least a good credit score.

It also allows you to settle automatic payments, which give you discounts on APRs. And best of all, it doesn’t charge any fees of any kind. 

So, there are no origination, late, or prepayment fees whatsoever.

Furthermore, it offers some perks, as follows:

Rocket Loans feature large amounts with good repayment options, and the best of all is that it doesn’t require a good credit score, unlike many other lenders do.

Also, pre-approval is available, and you can fill in within seconds. Funding on the same day is available, as well.

Moreover, it doesn’t charge a prepayment penalty fee, and it offers a 10-day grace period.

Finally, it offers an online and straightforward application.

LightStream Loans offer a great deal in interest rates and gives you some perks like a guarantee and a rate beat program.

Unlike other lenders, this one doesn’t charge any kind of fee. So, there is no origination fee, no late fee, or prepayment penalty.

Also, it features flexible repayment options, with large amounts from $5,000 to $100,000, and low rates with autopay.

The application is easy, and the funding is fast, too.

Although it doesn’t require a perfect credit history, Rocket charges an origination fee, as well as a late fee.

It could improve the interest rates, too, since they are potentially high. 

In addition, it doesn’t allow a cosigner.

Even though it offers many benefits, LightStream requires at least a good credit score, doesn’t offer a pre-qualification, and limits the use of the loan as conditions apply.

And it considers an excellent or a good credit those who have:

So, if you don’t meet these requirements, you should consider another lender.

Both lenders are excellent choices for those who want a large amount of money for personal reasons like home improvement, vacation, debt consolidation, and more. They also offer fast and easy application and funding.

However, LightStream Loans require at least a good credit history to apply for a loan. Then, if you don’t meet the requirements, you should consider Rocket Loans.

Unlike LightStream, Rocket only requires a fair credit score, and it features competitive rates and fees compared to the market.

But if you are still not sure if those options are the best for your financial goals, you don’t have to worry! Check out the post below and learn more about another great loan offered by Merrick Bank.