Last Updated: 04/18/2025
Marcus by Goldman Sachs Personal Loans
Claimed
in Personal Loans from Goldman Sachs Bank USA
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +1
Mostly recommended82 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
6.99% - 24.99%(Verified 06/21/2024)
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Amount Range
$3,500 - $40,000
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Loan Term (Months)
36 - 72
Number of Reviews
Marcus by Goldman Sachs Personal Loans Review
Marcus by Goldman Sachs Personal Loans is offered by Goldman Sachs Bank USA, a bank founded in 1869 and based in New York, NY. Marcus loans are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 6.99%. Interest rates vary by state. Personal loan interest rates typically range between 9% and 36%. The starting rates for Marcus by Goldman Sachs Personal Loans are on the lower end of the spectrum.
- Prequalified rate. You can check your prequalified rate at Goldman Sachs Bank USA with a soft pull that will not affect your FICO or VantageScore.
- No origination fee. Marcus by Goldman Sachs Personal Loans does not charge a loan origination fee.
- No late fees. Marcus by Goldman Sachs Personal Loans will not charge additional fees if you miss the due date on a payment.
- Super long loan terms. Marcus by Goldman Sachs Personal Loans offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
Marcus loans Pros & Cons
| Pros | Cons |
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Marcus loans FAQ
What interest rates and personal loan terms does Marcus loans offer?
Marcus loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Marcus loans offer?
Marcus loans offers a fixed APR personal loan product that ranges from 6.99% APR up to 24.99% APR. Interest rates vary by state.
How much can you borrow via Marcus loans?
Personal loan amounts start at $3,500 and go up to $40,000
What is the maximum loan term you can get with Marcus loans?
Marcus loans offers loans with terms of up to 72 months.
| Personal Loan Amount | $3500 - $40000 |
| Loan Term | 36 - 72 months |
| APR | 6.99% - 24.99% |
What fees does Marcus loans charge?
Does Marcus loans charge an origination fee?
Marcus loans does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Marcus loans charge a late fee?
No, Marcus loans will not charge you a late fee if you miss payments.
Does Marcus loans charge prepayment fees?
No, Marcus loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Marcus by Goldman Sachs Personal Loans?
Applicants with a credit score of at least 720 and up to 840 VantageScore may be eligible for Marcus by Goldman Sachs Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Marcus by Goldman Sachs Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Marcus by Goldman Sachs 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
- Bank account information
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | 720 - 840 VantageScore |
Does Marcus by Goldman Sachs Personal Loans report your account activity to credit bureaus?
Yes, Marcus by Goldman Sachs Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Goldman Sachs Bank USA perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Marcus loans allows you to check your rates with a soft credit pull.
Are Marcus by Goldman Sachs Personal Loans legit?
Goldman Sachs Bank USA was founded in 1869, it is a well-established company that has been in business for 157 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Marcus by Goldman Sachs Personal Loans Disclosure: Marcus offer terms and conditions:
Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. Rates range from 6.99% to 24.99% APR, and loan terms range from 36 to 72 months. For NY residents, rates range from 6.99%-24.74%. Only the most creditworthy applicants qualify for the lowest rates and longest loan terms. Rates will generally be higher for longer-term loans. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans). Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions. Receive a 0.25% APR reduction when you enroll in AutoPay. This reduction will not be applied if AutoPay is not in effect. When enrolled, a larger portion of your monthly payment will be applied to your principal loan amount and less interest will accrue on your loan, which may result in a smaller final payment. See loan agreement for details.
Income Disclosure:
List your total available income including wages, retirement, investments, and rental properties. You are not required to disclose income that is alimony, child support or separate maintenance unless you want to use that income to qualify for a loan. If applicable, include self-employment salary. For total commission earnings, provide an annual average. Increase non-taxable income/benefits by 25%.
No Fees. We don't deduct a sign-up fee from your loan amount.
Loans from $3,500 to $40,000 and fixed rates from 6.99% to 24.99% APR. Only the most creditworthy applicants qualify for the lowest rates and largest loans amounts. Rates will generally be higher for longer term loans
Tailored monthly payment options designed to fit your budget.
Marcus is backed by over 150 years of Goldman Sachs' financial expertise.
No origination fee, prepayment fee, or late fee - You only pay interest for the additional days.
Discount when enrolled in Autopay.
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 Marcus loans
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +1, or 3 on a 5-point rating scale.
+1
-1000+100
No one recommends
Everyone recommends
Marcus by Goldman Sachs Personal Loans Community Reviews
Would you recommend Marcus by Goldman Sachs Personal Loans to your friends?
DF
Donna F.
Mar 20, 2021
May or may not recommend
The company popped up on Credit Karma as top suggestion to transfer a balance on a personal loan, but shouldn’t have EVEN been a suggestion since when I applied they didn’t say that they wouldn’t directly pay the institution that I had the loan with!!!! WHAT???? They should have disclosed to Credit Karma they only pay out to very few institutions!!!! Dinged my credit for No Reason!!! Wouldn’t work with ...Show More
AK
Abdirahin K.
Dec 1, 2020
May or may not recommend
I went to Marcus bank because of the no fees process. Although I was thinking, I would not have to pay any fees for the loan I need but the fees were not as high as credit companies. As at then, I needed to complete a project and I was short of funding. So, I decided to apply for a loan from Marcus bank. I hit the get started, filled ...Show More
TC
Tracy C.
Oct 31, 2020
May or may not recommend
I really don't have any thing to say about this one but what I can say is that they are no late fee and no down payment to sign up for a loan but I think it's fine. I really don't know this company. But it seems like a good loan service to use if you want to try it out someday. But its up to you if you want ...Show More
MJ
Michael J.
Oct 26, 2020
May or may not recommend
The rate Marcus provided me for my car loan was much lower than what I would have gotten if I had financed my car through the dealership. Marcus did not charge an origination fee or prequalification fee either. They were very easy to work with, and they didn’t hassle me as the car dealer kept on trying to do.
OD
Olayemi D.
Oct 18, 2020
May or may not recommend
Marcus personal loan is one of the best loans you can ever get. It resolved my problem as a student and entrepreneur offering me the loan I need. They offer quick service and do not have high interest. It is a very recommendable loan body.
AK
Adegboyega K.
Oct 17, 2020
May or may not recommend
If you have good to excellent credit, you might consider Marcus by Goldman Sachs for your personal loan needs. Borrowers do not need to have an existing relationship with Goldman Sachs in order to be eligible. And because Marcus personal loans are issued by Goldman Sachs Bank, the online lender charges no sign-up or origination fees. It relies on interest payments to make money on the loans.
DT
David T.
Aug 15, 2020
May or may not recommend
I went to Marcus bank because of the no fees process. Although I was thinking, I would not have to pay any fees for the loan I need but the fees were not as high as credit companies. As at then, I needed to complete a project and I was short of funding. So, I decided to apply for a loan from Marcus bank. I hit the get started, filled ...Show More
JP
Joseph P.
May 5, 2020
May or may not recommend
My two lowest "pre-approved" APR offers came from Payoff and Marcus. Payoff's advertised rate was slightly lower than Marcus.
I first applied with Payoff. However, I got the impression that Payoff didn't know how to underwrite the loan request but wanted to monetize my personal data. I ended up accepting the offer from Marcus.
Dealing with Marcus was remarkably easy. When they said "pre-approved" they ...Show More
U
Anonymous
Jan 31, 2020
May or may not recommend
I think most of the negative reviews are from people who are disappointed they weren't approved, understandably. However, I've been really impressed with Marcus so far, when compared to the other options I saw. We got an almost 40k loan to consolidate credit card debt and at a 6.99% rate (actually 6.74% with autopay). No fees, fabulous deal imo. We do have a household income close to 200k and fico ...Show More
Hailey E.
Oct 9, 2019
May or may not recommend
I received a letter from Marcus Goldman Sachs and had been informed that I could get a loan up to $40000 for debt consolidation. Of course I didn’t need anywhere near that amount, just a small amount and have a 701 credit score. So I went ahead and followed the steps to apply and right off the bat they denied me. ONLY because of inquiries from the last one to ...Show More
JN
Jeff N.
Sep 10, 2019
May or may not recommend
Company is a joke in how they determine in who to lend to. Accepted for a 5k low interest Apple Card and get rejected with a 742 score (they showed me the score the used). They just accept some and deny others with their despicable algorithms their computer shoots out. Credit has become
Ridiculous folks. Save and use your cash and stay out of debt. I only applied for the ...Show More
U
Anonymous
Sep 9, 2019
May or may not recommend
They have terrible customer service and restrictive policies that made it difficult just to pay them. I was continuously put on hold when trying to change my due date (a feature they advertise but is apparently not easy to complete). The regular rep was very confusing so I asked to be transferred to someone who could confidently complete my request. After 5 minutes, I was passed ...Show More
MS
Mike S.
Aug 20, 2019
May or may not recommend
I've been a Marcus customer for 2.5 years now and haven't had any issues. I applied for an unsecured USD $15,000 loan and received a 5 year loan for at 14.99% (not amazing but better than the 18.99-22.99% I was paying on the three cards that I had transferred from. I am on track to pay it off in 3.5 years. I make a payment of 55% of the amount ...Show More
DT
Destiny T.
Aug 16, 2019
May or may not recommend
I simply cannot believe the ease of the process of securing a personal loan from Marcus by Goldman Sachs was. I was in the middle of the craziest bind of making repairs to sell my house and preparing to move into a rental (deposits, application fees, moving, etc.). On a whim (or more like a spiritual push) I pressed the “Get Started” button in my Credit Karma app when ...Show More
U
Anonymous
Aug 12, 2019
May or may not recommend
They make it difficult to pay off your loan early which is unethical. And when I did pay off my balance the payment was withdrawn from my account but they did not credit me for the payment. I guess my money is lost in cyberspace now. That’s what I get for trusting Goldman Sachs.
EF
Emily F.
Jul 11, 2019
May or may not recommend
I applied for a loan 3 days ago, and I haven't received any decision on my loan application yet. My credit score is 762 Excellent! I don't know why they are taking so long. I recommend them to have a quicker system, if you are going to be denied why they don't let you know on the spot, so you can move elsewhere!! Here I am waiting for them to ...Show More
DB
Drexel B.
Jul 5, 2019
May or may not recommend
This company is a complete sham. They promise payment deferrals and will find every excuse in the book on why not to offer it. Also beware if their system is having an issue and you call about it, they will hold it against you even if it is their fault. Being based out of Utah they also profile their customers. Run from this company!!!!!!
DS
Dennis S.
Jun 6, 2019
May or may not recommend
The loan application process was fast, personal and the approval was very quick. The Marcus staff dealt directly with me and my bank to establish account verification in a pleasant and very professional manner. The loan application, loan approval, signing and completion took less than an hour including a dropped call. During the signing process my cellular service dropped the phone call. I was able to call back and the ...Show More
Fishing66
Apr 24, 2019
May or may not recommend
I am power of attorney for my parents and opened a Marcus account so they could get at least some investment return on the principal. Shortly after opening the account and having wired fat six figures into it, Marcus locked the account down. They demanded power of attorney documents which I provided, they said all was fine and that I would be receiving an "Affidavit of Identity" that needed ...Show More
Ron H.
Apr 10, 2019
May or may not recommend
I got a personal loan from them. To buy a car for my wife. Easy to get. Got cash fast. Only had one problem. The only way you can payoff the loan early seems to be by phone. You can't get a payoff statement online or by email. They can mail a payoff statement by mail but that takes 5-10 days to get.
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