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Where does Marcus by Goldman Sachs do business?

Marcus by Goldman Sachs is a bank based in Salt Lake City, UT. It was founded in 1869 and offers access to personal loans in 49 states (and Washington, DC).

What range of rates does Marcus by Goldman Sachs offer?

Marcus by Goldman Sachs offers personal loans with APRs starting at 5.99% and up to 22.99%.

Does Marcus by Goldman Sachs charge an origination fee?

No, Marcus by Goldman Sachs 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 Marcus by Goldman Sachs charge a late fee?

No, Marcus by Goldman Sachs will not charge you a late fee.

Does Marcus by Goldman Sachs charge prepayment fees?

No, Marcus by Goldman Sachs does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Marcus by Goldman Sachs?

Loan amounts start at $3,500 and go up to $30,000.

What is the maximum loan term you can get with Marcus by Goldman Sachs?

Marcus by Goldman Sachs offers personal loans with terms ranging from 24 to 72 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.

What do you need to qualify for a loan with Marcus by Goldman Sachs?

Applicants with a credit score of at least 640 can apply for a loan via Marcus by Goldman Sachs. 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 Marcus by Goldman Sachs. Their rates fall within the limits of The Military Lending Act.

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

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

What is the estimated funding time for a personal loan via Marcus by Goldman Sachs?

Marcus by Goldman Sachs will typically provide a credit approval decision in less than an hour and fund the loan within 1 and 7 days.

  • Institution Type
    Bank
  • Credit Score Range
    640 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Verification Documents Required?
    • Proof of Identity
    • 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
  • Funding Time Range (in days)
    1 - 7
  • Payment Options
    • Automatic Payments
    • Check by mail
  • Pre-Approved Soft Credit Inquiry
  • Loan Amount
    $3500 - $30000
  • Loan Term (Months)
    24 - 72
  • APR
    5.99% - 22.99%
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