LightStream is the national online consumer lending division of SunTrust Bank. Bottom Line: No, I would not recommend this to a friend Specializing in personal loans with competitive fixed rates, LightStream focuses on delivering quick and easy financial services that give customers more of the flexibility to purchase the products they need while building their credit profile. Expert review. Pros & Cons. It offers personal loans up to $100,000 at competitive rates — with loan terms as long as seven years. LightStream is the national online consumer lending division of SunTrust Bank. This stems from their focus on good to excellent credit consumers. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Conditions and limitations apply. "Timeshare Loans and Refinancing." We leveraged the J.D. LightStream is a personal loan platform that allows loans for a variety of purposes. updated November 5, 2019 by Madison Miller. Once approved, funding time ranges from same-day to within 30 days of approval. The funding provides resources to underserved communities, clients and teammates. LightStream also has fund stipulations that make you unable to use your loan on anything other than what was listed as t… Accessed May 18, 2020. LightStream is the national online consumer lending division of SunTrust Bank, which … The Simple Dollar is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. With competitive rates, this online lending company is a must-see among borrowers. LightStream helped to pioneer online lending in 2005, and is backed by SunTrust Banks, which has more than 125 years experience providing financial confidence. Rates start at 5.99% with loans from $5,000 to $40,000 with two and five-year terms. With competitive rates, this online lending company is a must-see among borrowers. LightStream, a division of SunTrust Bank, is an online consumer lender that provides fixed-rate loans of $5,000 to $100,000. Product Specifications. The lender doesn’t provide a range of credit scores that are needed to qualify. Up to $100,000 in loans available for qualifying purpose and individuals; No fees; You can defer up to six payments but you will have to make a new request every month. LightStream states that payment deferral will not negatively affect your credit score, but they will report it to credit agencies as a deferment affected by a natural disaster. If you have good to excellent credit, LightStream offers some of the lowest rates you can find for an online personal loan. LightStream targets people with good to excellent credit. It has competitive rates on loans up to $100,000, rate matching and a satisfaction guarantee on your lending experience. The application is quick, interest rates are low, and in some cases, you can receive your loan the same day you apply. Read our full Discover review to learn more about its personal loan products. All other trademarks are the property of their respective owners. Their APRs start as low as 3.49% and only top out at 17.29%. Loans from Marcus also max out at $40,000, while LightStream … LightStream Personal Loans Review. Our LightStream personal loans review will help you determine if LightStream is the right lender for your personal loan needs. [ Read: Pros and Cons of Taking Out a Personal Loan ]. Most accounts get funded the same day or no later than 30 days from qualification. LightStream – a division of Sun Trust Bank specialize in providing low-cost loans for low-risk clients, suitable for a variety of purposes and available from $5,000 to $100,000. If you’re looking for a smaller loan, Marcus’ minimum loan amounts start at $3,500 with maximum amounts of up to $40,000. LightStream is the French Polynesian getaway of personal loans — unique in style, amenities and support, but you’ll need good credit to enjoy the service. LightStream stands out from other lenders with its Loan Experience Guarantee. Customer Service. Pros and cons of LightStream personal loans. Consumers with little to no credit will have a difficult time receiving a loan from LightStream, and current consumer reviews express this difficulty. A variable-rate loan is not offered. Overall, LightStream is a user-friendly, online, personal loan platform that is good for borrowers with excellent credit who need large loans fast. LightStream personal loans can be used for a wide range of purposes, from home improvements and debt consolidation, to funding a swimming pool or paying for medical or adoption expenses. ]. LightStream Personal Loan Review. LightStream offers personal loans as well as financing for things like weddings, swimming pools, boats, horses and horse trailers and home improvement. If you don’t think you can qualify for a loan based on our LightStream review, there are cheaper loan alternatives through Sofi and Discover personal loans. Once you carefully review all your details, you’ll submit the application to LightStream. LightStream Review Summary. We looked at the maximum APR for each lender — the lower their maximum rate, the higher their score. No prequalification available, so only apply if you have strong credit. LightStream is a good choice for a personal loan if you have a good to excellent credit score and/or you need to borrow more than the standard $35,000 to $40,000. The national online consumer lending division of SunTrust Bank based out of San Diego,.... Taking out a large loan, want a long and storied history in the marketplace to $ 100,000 and for! 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