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  LightStream Personal Loans

LightStream Personal Loans

in Personal Loans from SunTrust Bank

Unaffiliated

LightStream Personal Loans

Unaffiliated

in Personal Loans from SunTrust Bank

SuperMoney Net Recommendation Score -3%

SUPERMONEY NET RECOMMENDATION SCORE

-3%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

27 users recommend
6 users are unsure
29 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
APR  (Fixed APR) 4.99% - 19.99%
Loan Amount $5,000 - $100,000
Loan Term (Months) 24 - 144 months
Number of Reviews 62

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 is available in 50 states (and Washington, DC).

Key Takeaways
  • APRs starting at 4.99%. 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 cash the same day you apply.
  • Fair credit accepted. The credit score needed for LightStream Personal Loans is relatively low. Borrowers with a credit score as low as 660 may qualify for LightStream Personal Loans.
  • Large loan amounts. You can apply for loan amounts of up to $100,000 with LightStream Personal Loans.
  • Hard credit pull required. You can't check your rates or see if you prequalify for LightStream Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • 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 144 months. Most personal loans have a maximum term of 60 months.
LightStream Personal Loans Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • Do not offer pre-approval with soft credit pull.
LightStream Personal Loans FAQ

What rates and terms does LightStream Personal Loans offer?

LightStream Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does LightStream Personal Loans offer?

LightStream Personal Loans offers a fixed APR personal loan product that ranges from 4.99% APR up to 19.99% 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.

How much can you borrow via LightStream Personal Loans?

Loan amounts start at $5,000 and go up to $100,000

What can a personal loan from LightStream Personal Loans be used for?

Personal loans from LightStream Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures or similar purposes.

What is the maximum loan term you can get with LightStream Personal Loans?

LightStream Personal Loans offers personal loans with terms ranging from 24 to 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.

LightStream Personal Loans Rates & Terms
Loan Amount $5000 - $100000
Loan Term 24 - 144 months
APR 4.99% - 19.99%
Rate is quoted with autopay discount*

What fees does LightStream Personal Loans charge?

Does LightStream Personal Loans charge an origination fee?

LightStream Personal 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 Personal Loans charge a late fee?

No, LightStream Personal Loans will not charge you a late fee..

Does LightStream Personal Loans charge prepayment fees?

No, LightStream Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

LightStream Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for LightStream Personal Loans?

Applicants with a credit score of at least 660 and up to 850 are eligible for LightStream Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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.

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 are, of course, eligible for the services offered by LightStream Personal 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
LightStream Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Cosigners
  • Individual Applications
  • Credit Score 660 - 850

    What is the estimated funding time for a personal loan via LightStream Personal Loans?

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

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

    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 can help improve your credit.

    LightStream Personal Loans Disclosure: * Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay may be higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Extended loan terms (85-144 months) are only available for home improvement purposes, for loan amounts higher than $25K. Payment example: Monthly payments for a $10,000 loan at 4.99% APR with a term of 3 years would result in 36 monthly payments of $299.66.
    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Message From SunTrust Bank

    We believe that consumers who have established good credit have earned the right to a simple loan process and excellent rates.

    Availability

      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    No Late Fees  
    Checking Account Required  
    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
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • 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 (Green Card)
    Credit Score Range 660 - 850
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Equifax
    • Experian
    Customizable Payment Dates  
    Funding Time Range 0 - 30 days
    Joint Loans Available  
    Payment Options
    • Automatic Payments
    • Check by mail
    Loan Amount $5,000 - $100,000
    APR (Fixed APR) 4.99% - 19.99%
    Loan Term 24 - 144 months

    LightStream Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    -3%

    -100% 0% +100%
    No one recommends Everyone recommends

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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