LightStream Personal Loan Review 2021 LightStream targets borrowers with excellent credit, offering them an easy-to-use online application process, low-interest rates, a high loan limit, and fast funding. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. LightStream does not charge an origination fee, late fee or prepayment penalty fee. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. If approved, you can sign your loan agreement and set up your funding date and payment information online. Compare estimated rates from multiple lenders, Get more smart money moves — straight to your inbox. LightStream Review LightStream has some of the best personal loans around, combining the ability to borrow large amounts for long periods of time with remarkably low interest rates, no fees and fast approval. It takes just two minutes and will not affect you credit score. Here is a list of our partners. The information, including rates and fees, presented in the review is accurate as of the date of the review. LightStream is the national online consumer lending division of SunTrust Bank, which recently became Truist after merging with BB&T. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Pre-qualified offers are not binding. You will not receive the 0.5 percent auto-pay discount if you pay manually. No fees: LightStream does not charge an origination fee, late fee or prepayment penalty fee. LightStream’s application process is quick and straightforward. Pulled credit and that's about it. Pre-qualifying will not impact your credit. Lightstream, A Division Of Truist. Same-day funding is available for applications approved … Loan example: A four-year, $20,000 loan with an 11.8% APR would cost $525 in monthly payments. Large loan amounts: LightStream offers between $5,000 and $100,000 in financing to qualified borrowers. Customer service representatives are available Monday through Friday from 9 a.m. to 8 p.m. and Saturday from noon to 4 p.m. Eastern. Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. The offers that appear on this site are from companies that compensate us. All financial products, shopping products and services are presented without warranty. LightStream also has fund stipulations that make you unable to use your loan on anything other than what was listed as the loan p… Loan terms and fees may vary by state. Hard credit check: LightStream displays annual percentage rate ranges for each loan purpose on its website, but the lender does a hard pull on applications that originate on its website. LightStream charges no fees on its personal loans and is even willing to beat competitors’ rates by 0.1 percent (with some restrictions). What you should know about LightStream auto loans. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Our LightStream loans review … NerdWallet's ratings for personal loans award points to lenders that offer consumer-friendly features, including: soft credit checks, no fees, transparency of loan rates and terms, flexible payment options, accessible customer service, reporting of payments to credit bureaus, and financial education. You can apply for a loan … Several years of credit history; excellent-credit borrowers have at least five, according to LightStream. Jackie Veling covers personal loans for NerdWallet. Because of all these factors, LightStream … BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. We believe everyone should be able to make financial decisions with confidence. Starting interest rates for excellent-credit borrowers are low — around 5% if you use autopay — and vary based on the loan purpose, term, amount and your credit profile. Read our editorial guidelines. You can lower your rate by 0.5% by signing up for AutoPay instead of receiving invoices … You can’t use a LightStream personal loan to: LightStream charges no origination fees, prepayment penalties or late fees, and there’s also no fee if you set up an automatic ACH debit through your bank account. Bank Equipment. LightStream ranks 162 of 880 in Loans and Mortgages category. You can also borrow large … If you have a strong credit history and plenty of assets, this lender could be a good fit. High loan amounts, long terms "Rate beat" guarantee; LightStream offers loans ranging from $5,000 to $100,000, making it a … You’d pay $5,200 in total interest on that loan. The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason. After entering some personal information, you’ll be presented with loan options. Once you’re approved, the lender will disburse funds to your account. Limited customer service options: Borrowers who have questions are directed to an email form on the lender’s website. Special home improvement features: Borrowers with good or excellent credit looking to finance a home improvement project may qualify for extended loan terms up to 12 years, with no appraisals or home equity requirements. LightStream offers fixed-rate personal loans ranging from $5,000 to $100,000, depending on the loan purpose, which include debt consolidation, weddings, medical bills, family planning, home improvement and more. LightStream offers flexible loan terms and is a direct lender backed by SunTrust Bank, which is a strong company. Offers limited customer contact channels and hours. Bank. When evaluating offers, please review the financial institution’s Terms and Conditions. Borrowers who have questions are directed to an email form on the lender’s website. But this compensation does not influence the information we publish, or the reviews that you see on this site. Passive income ideas to help you make money, Best age for Social Security retirement benefits, Privacy policy / California privacy policy. LightStream Personal Loan Terms, Rates, and Fees Loan amounts: $5,000-100,000 APR range: 3.49-20.49%, LightStream only offers fixed interest rates Origination fee: None Minimum credit score: 660 Time to funding: as soon as same day Co-borrower needed: No LightStream Personal Loans: Overall Rating LightStream loan reviews … Their APRs start as low as 2.49% and only top out at 19.99%. Borrowers with good or excellent credit looking to. Reports payments to three credit bureaus. This compensation may impact how, where and in what order products appear. However, this does not influence our evaluations. Check the data at the top of this page and the lender’s website for the most current information. We are an independent, advertising-supported comparison service. Zero application fees. Payment record on all loans and credit cards. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. © 2021 Bankrate, LLC. All LightStream personal loans come with two- to six-year terms, and loans of $25,000-$100,000 are also available with terms up to seven years. LightStream does not provide a phone number, chat option or social media account to contact. You must contact the company and fill out a questionnaire to receive the $100. A Red Ventures company. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. The information, including rates and fees, presented in the review is accurate as of the date of the review. Here's a breakdown of some of the benefits and drawbacks of LightStream personal loans. Business Profile. APRs are low among lenders targeting similar borrowers. LightStream is also recognized because of its ability to provide personal loans up to $100,000 and also for their great rates. The bottom line: LightStream’s low rates and zero fees make it one of the top lenders for borrowers with good or excellent credit. Our opinions are our own. Click the button below to pre-qualify on NerdWallet. Our partners compensate us. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. At LightStream, loan amounts range from $5,000 to $100,000, and can be repaid in a span of 24 months to 12 years, depending on the loan amount and purpose. Lightstream Loan reviews: Scamed out of $ 285.00. LightStream Debt Consolidation review: Essential details. Consumers with little to no credit will have a difficult time receiving a loan from LightStream, and current consumer reviews express this difficulty. LightStream loan rates are some of the most competitive on the market today. One of LightStream’s main selling points is that it offers a variety of auto loans. Emphasizing their “virtually paperless” loan service, LightStream plants a tree with American Forests every time they fund a loan. Check the data at the top of this page and the lender’s website for the most current information. Plus, it offers to send you $100 if you’re unsatisfied with the loan process. Special features including rate beat program and satisfaction guarantee. Here’s a breakdown of some of the benefits and drawbacks of LightStream personal loans. Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage. LightStream Personal Loans is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. LightStream Personal Loans is available in 101 … LightStream displays annual percentage rate ranges for each loan purpose on its website, but the lender does a hard pull on applications that originate on its website. LightStream, the online lending arm of Truist Bank, offers personal loans that can be used for almost any purpose, including debt consolidation, home improvement, auto or boat purchase and medical costs. Lightstream did a hard credit check after they had declined my loan… LightStream says it will beat a competitor’s interest rate by one-tenth of a percentage point, assuming you can show you are approved by the competitor for an unsecured, fixed-rate loan with the same amount, terms, purpose and payment method. All financial products, shopping products and services are presented without warranty. Resolved: I cant sign in and i cant sign in send your number. LightStream does have a few restrictions, though. That can happen as soon as the day you apply, as long as your application is verified and approved before 2:30 p.m. Eastern on a business day. … Enough income to pay existing debts and a new LightStream loan. Automated Teller Machine. may qualify for extended loan terms up to 12 years, with no appraisals or home equity requirements. Here are the details you’ll need to provide: Once you’ve submitted the loan application, LightStream will review it, conduct a hard credit pull and email you with the status of your application. Editorial disclosure: All reviews are prepared by Bankrate.com staff. Plus, it offers to send you $100 if you’re unsatisfied with the loan proce… Read more. Once your application is complete, LightStream will review your information and typically make a funding decision within a few hours. To review LightStream’s personal loans, NerdWallet collected more than 40 data points from the lender, interviewed company executives and compared the lender with others that seek the same customer or offer a similar. Instead, borrowers have to keep track of their own repayments. To review LightStream, NerdWallet collected more than 15 data points from the lender, and compared the lender with others that seek the same customer or offer a similar product. You can fill out an application on LightStream’s website. LightStream Personal Loans: 2021 Review LightStream offers consumer-friendly features and large enough loans to cover big expenses like home improvement projects. You may receive personalized rates from multiple lenders that partner with us, including LightStream. Personal information (including your address, phone number, email address and Social Security number), Current monthly housing payments, such as rent or mortgages, Income and balances of checking and savings accounts, Stocks, bonds and vested retirement assets. Instead, borrowers have to keep track of their own repayments. LightStream offers high borrowing amounts and low rates on its unsecured personal loans, which can be used for nearly any purpose, including debt consolidation and adoption financing. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. LightStream auto loan reviews are generally positive — out of 12 recent complaints to the Consumer Financial Protection Bureau, one involved an auto loan. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Purchase stocks, bonds, or stock options, or repay a loan against a stock option. Excellent Service! Requires several years of credit history. LightStream’s wide window of available repayment terms (two to seven years for most loans) gives borrowers the option to prioritize less overall interest with a shorter term or lower monthly payments with a longer term.