LightStream Personal Loans

LightStream Personal Loans Review

LightStream Personal Loans is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. LightStream Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

• APRs starting at 5.99%. Rate is quoted with autopay discount*. Personal loan interest rates typically range between 5% and 36%. The starting rates for LightStream Personal Loans are on the lower end of the spectrum.
• Same day funding available. In some cases you may be able to access your money the same day you apply.
• Large loan amounts. You can apply for loan amounts of up to $100,000 with LightStream Personal Loans.
• No origination fee. LightStream Personal Loans does not charge a loan origination fee.
• No late fees. Missing a payment can seriously damage your credit, but LightStream Personal Loans will not charge additional fees if you miss the due date on a payment.
• Cosigner applications accepted. Applying for LightStream Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
• Super long loan terms. LightStream Personal Loans offers loan terms of up to 240 months. Most personal loans have a maximum term of 60 months.

Lightstream loans Pros & Cons

Lightstream loans FAQ

What interest rates and personal loan terms does Lightstream loans offer?

Lightstream loans has lower than average interest rates for lenders reviewed on SuperMoney.

What fees does Lightstream loans charge?

What do you need to qualify for LightStream Personal Loans?

LightStream Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. LightStream Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LightStream Personal Loans.

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 a personal loan via Lightstream loans?

Lightstream loans will typically approve (or deny) a loan application within 24 hours and fund loans within 30 business days of approval.

Does LightStream Personal Loans report your account activity to credit bureaus?

Yes, LightStream Personal 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 may help improve your credit.

Are LightStream Personal Loans legit?

SunTrust Bank was founded in 1865, it is a well-established company that has been in business for 158 years. LightStream Personal Loans are mostly not recommended by SuperMoney community users.