Features

Where does LightStream do business?

LightStream is based in San Diego, CA. It was founded in 2013 and offers auto loans in 50 states (and Washington, DC).

What APR does LightStream offer on its auto loans?

LightStream offers auto loans with APRs starting at 3.59% and up to 10.29%.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 inaccuate information in your credit history with these credit monitoring tools

Does LightStream charge an origination fee?

No, LightStream 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 charge a late fee?

No, LightStream will not charge you a late fee.

Does LightStream charge prepayment fees?

No, LightStream will not charge you a fee for paying your loan early. Whenever possible choose lenders like LightStream that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for a loan with LightStream?

LightStream requires borrowers to have a credit score of at least 680 to apply.

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

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income

What is the estimated funding time for an auto loan via LightStream?

LightStream will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 1 business day of approval.

Does LightStream report loan payments to credit bureaus?

LightStream reports credit data to the following credit reporting agencies:

  • Equifax
  • Experian

  • Max Loan Term (Months)
    84
  • Institution Type
    Bank
  • Credit Score Range
    680 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • No Late Fees
  • No Origination Fee
  • No Prepayment Fee
  • Approval Speed (Hours)
    24
  • Funding Time Range (in days)
    Up to 1
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • Credit Bureau Reporting
    • Equifax
    • Experian
  • Loan Amount
    $5000 - $100000
  • APR
    3.59% - 10.29%
The APR listed is for an unsecured dealer used auto loan between $10,000 and $24,999 with a term between 24 and 36 months, for applicants with excellent credit. Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 2.19% APR with a term of 3 years would result in 36 monthly payments of $287.26.
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