LightStream is based in San Diego, CA. It was founded in 2013 and offers access to personal loans in 50 states (and Washington, DC).
LightStream offers personal loans with APRs starting at 3.74% and up to 17.99%.
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.
No, LightStream will not charge you a late fee..
No, LightStream does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
Loan amounts start at $5,000 and go up to $100,000.
LightStream offers personal loans with a maximum term of 144 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.
Applicants with a credit score of at least 680 can apply for a loan via LightStream. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via LightStream. 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:
LightStream will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 1 business day of approval.
LightStream reports credit data to the following credit reporting agencies: