LightStream New Car Loans
in Auto Loans from SunTrust BankClaimed
LightStream New Car LoansClaimed
in Auto Loans from SunTrust Bank
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LightStream New Car Loans Review
LightStream New Car Loans is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. LightStream New Car Loans is offered in 50 states (and Washington, DC).
How much can you borrow via LightStream New Car Loans?
LightStream New Car Loans auto loan amounts start at $5,000 and go up to $100,000.
What APR does LightStream New Car Loans offer on its auto loans?
LightStream New Car Loans offers a fixed APR auto loan product that ranges from 3.99% APR up to 10.84% APR. Rate is quoted with autopay discount*.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum loan term you can get with LightStream New Car Loans?
LightStream New Car Loans has auto loans with terms ranging from 24 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
Does LightStream New Car Loans charge an origination fee?
No, LightStream New Car Loans does not charge a loan origination fee.A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does LightStream New Car Loans charge a late fee?
No, LightStream New Car Loans will not charge you a late fee.
Does LightStream New Car Loans charge prepayment fees?
No, LightStream New Car Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like LightStream New Car Loans that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my LightStream New Car Loans loan?
Yes, you can. LightStream New Car Loans does not charge a prepayment fee, so you can save money by paying your auto loan early.
What do you need to qualify for LightStream New Car Loans?
Applicants with a credit score of at least 660 and up to 850 are eligible for LightStream New Car Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
To qualify for auto loans with LightStream New Car Loans, applicants need a minimum annual income of $50,000 or higher. LightStream New Car Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via LightStream New Car Loans. Their rates fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid checking account
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
What is the estimated funding time for an auto loan via LightStream New Car Loans?LightStream New Car Loans will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 30 business days of approval.
Does LightStream New Car Loans report your account activity to credit bureaus?
LightStream New Car Loans reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
303 Peachtree Street, Northeast
Atlanta, GA 30308
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Other Services by SunTrust Bank
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|No Late Fees|
|Credit Score Range||
660 - 850
|Immigration Status Considered||
|Minimum Annual Income||$50,000|
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Funding Time Range (in days)||0 - 30|
|Approval Speed (Hours)||24|
|Joint Loans Available|
|Credit Bureau Reporting||
|Loan Amount||$5K - $100K|
|Loan Term||24 - 84 months|
|APR (Fixed APR)||3.99% - 10.84%|