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 available 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 3.49% APR up to 11.89% 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.

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?

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.

U.S. citizens are, of course, eligible for the services offered by LightStream New Car Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal 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?

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:

• Equifax
• Experian

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.