Features

Marcus is a personal loans product offered by Goldman Sachs Bank USA. Goldman Sachs has been in banking since 1869 when Marcus Goldman opened shop in Manhattan as a broker of IOUs. 

How Does Marcus by Goldman Sachs Work?

Marcus personal loans are fixed rate loans issued by Goldman Sachs Salt Lake City branch. The first step to apply for a loan is to authorize Marcus to perform a soft credit pull. This will not have an effect on your credit score. Once Marcus gets a look at your credit history, you receive a set of loan options you qualify for. Pick the option that fits your budget and financial needs. The final stage is to provide some more personal information to confirm your identity and formalize your loan application. For instance, you will need to provide recent pay stubs, bank statements, Social Security Number, or W2 documents. At this time, Marcus will perform a hard pull on your credit that could reduce your score by a few points. 

What Are Marcus' Rates and Terms?

Marcus' rates start range from 5.99% APR to 22.99% APR. Your rate will depend on your credit score and the term of your loan. Longer terms typically have higher rates. Loan terms range from 2 (24 months) to 6 years (72 months).

What Are Marcus' Fees?

No fees. That is the big selling point of Marcus. Goldman Sachs only makes money on the interest, not on origination, prepayment, or late fees.  

You will not have to pay a fee for being late on a payment or for a returned check. You can also repay a loan early without incurring in prepayment penalty fees.

How Much Can I Borrow From Marcus?

Marcus offers loans of up to $30,000.

How Is Marcus Better Than Other Lenders?

The main advantages of Marcus loans are:

- Rates as low as 5.99% APR.

- Terms ranging from 24 to 72 months.

- No sign-up fees.

- No prepayment fees.

- No late fees.

  • Loan Amount
    $3500 - $30000
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    5.99% - 22.99%
  • Max Loan Term (Months)
    72
  • Credit Score Range
    640 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
  • Verification Documents Required?
    • Recent bank statements
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Late Fees
  • No Origination Fee
  • No Prepayment Fee
  • Institution Type
    Bank
  • Pre-Approved Soft Credit Inquiry
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
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Reviews

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0 votes

Very Simple and Quick. I applied on a Thursday and received my debt consolidation fund deposit that following Monday. Felt Great to pay off all those high interest credit cards with only 1 monthly payment at 9%!!

0 votes

worst lending company ever. Applied for a loan to consolidate a few things with a credit score of 830 and no answer back for 3 days. I finally called them and they said they needed more information. Provided them with it and 30 minutes later I get an email telling me I was denied and would get a letter telling me why. Unprecedented stupidity.


0 votes

Super Easy process, Applied on Sunday afternoon and approved today on Tuesday. They called me to confirm income because I didnt upload husbands income in the beginning and all I had to do was upload a w-2 or recent pay stub for my husband and and proof that my husband was on checking account bc I included his income as repayment of the loan. They actually called the bank with me on the line to verify it. I usually don't write reviews but I have to say that if ... you are in credit card debt this is the way to go. Approved for 21,500 at 8.99% debt free in 4 years. credit score 668 on Credit Karma. All previous reviews are spot on!! Customer service is great!! BTW applied with prosper with APR interest rate 11.99 with 14% APR this would be bc of an 800$ origination fee that they deduct from the loan amount right off the top. So Glad I looked around. More Less

0 votes

Excellent experience . Got exactly what I asked for - easy application process . Great phone support from some obviously well trained reps . Having done a lot of corporate business with Goldman back in the 70s I expected a good deal and I got it . Thank you Marcus


0 votes

Literally took less than 10 minutes to get 12K. Credit score 740 so not the best but good enough with no recent record of late payments on anything.


0 votes

I absolutely recommend Marcus by Goldman Sachs for your loan. Fast, easy, no hundreds of paper work, next day deposit. Save me and my family from a headache with my credit cards. ???? thank you.


0 votes

Contacted Marcus from letter I received in snail mail, the application was so easy I thought sounds too good to be true, but it was true. Received $12 grand direct deposit in my checking account in 4 days. Thank You very much.


0 votes

My dumb ass spent too much money on one of my bipolar ups; This resulted in $10,000 in debt in 2 months. I cut my fun bills down enough to pay $2500, but I still had $8500 debt left. Until three years ago I had a credit score of 400-440. Now I have 680 credit score which had just dropped from 740 because I went over 30% on all 3 of my credit cards. Credit Sesame still said I had good odds of getting ... the loan. The application process was very easy, and quick. I received a reply the same day approving my loan for $8500 with interest rate of 5.99%. The next day I was able to use the funds to pay my credit cards off. One thing about this loan is it is set up to help those that are trying to improve their credit or just had a temporary lapse as I did. If you already have good credit, you may not get it. Read the website, and it tells you this. More Less

0 votes

they help with consolidation when no one would give me enough to do it easy in term of paper work went smooth thanks,,kimb

0 votes

This was a recommendation from Credit Karma. I have used a similar debt consolidation program (Prosper) so I was familiar with the process. It was simple and fast. Therefore I decided to look into Marcus G&S as they offered a better APR (7.99/%). The application was easy.. I applied on a Wednesday and within 48/hrs I was already approved and the following Monday, the money was directly deposited into my account. I used it to pay off my 2 remaining Credit cards which had rates of 19.99% and 18.74%. I was ... able to save a combined $135/mo. Also, no transaction fee which was a bonus. I'm very happy with both lending agency's thus far. More Less


0 votes

Was looking to consolidate credit card debt with a personal loan when I found Marcus. I am so glad I did. The process was very quick, in less than 30 minutes I was approved at the lowest interest rate I could find for a personal loan. The no fees was attractive as well. Four days later the loan money was deposited into my bank account. I looked at many loans and this was the best.


0 votes

I received a few pre approval letters but initially ignored them because I wasn't familiar with them. The 3rd letter I Googled them and decided to apply. Was told more information was needed, recent pay stubs. I uploaded them the same night. By 7am the next morning I was approved for 12k. Provided bank information, funds deposited in my account 3 days later! Fyi, at the time I had a loan with Prosper.

1 votes

I applied through credit karma and was approved. The process was easy and approved within 3 days. I also received letters just never applied with the letter


0 votes

Please, Please, please do not get a loan from Marcus loan. You will go through hell because, they ask you for why you have 5 cents short on you your income and it takes forever to make decision.


1 votes

applied for a personal loan and it was not only immediately approved but was directly deposited into my checking account in 1 week. fast, easy, and convenient for consolidating high interest credit card. thank u Marcus.

1 votes

Very easy, referred via credit karma... 9.99% for 36 months... loan approved in a few days. awesome!


0 votes

A dismal and incompetent company and process. Applied for loan and was notified that application was incomplete(it was complete). Again a second application notified that identity cannot be confirmed. Experian has no record of any Marcus loan applications.


0 votes

Received a pre-qual letter (not a pre-approval) with the code. Entered my info for the soft pull credit check, instant denial. Letter came a few days later, denied due to installment loan (my auto loan, student loans?). Within the next two weeks, received two more pre-qual letters. Fool me once, shame on me......


1 votes

Got a pre-approval letter, decided it was worth a shot to consolidate multiple accounts into one with one (lower) interest rate. Application took 10 minutes and immediately received approval with verification of funds (20,000) transferred to my account. Easiest loan approval process ever, no verification or paperwork required!


1 votes

Received information and pre-approval about a consolidation loan from Marcus,researched this lender, and started the process. It was very easy and convenient, being able to do it all on line, The communication was great and the service was very good. Thanks for the opportunity to do business with you Marcus!!


0 votes

I applied and 10 minutes later I was approved for 15,500 ... Very satisfied and will be consolidating all my bills with a low APR 6.99% ... Thanks

1 votes

One of the few to receive a pre-qualified letter... Decided to do some research before applying and noticed all of the complaints from applicants.. So I've tried my luck and of course was denied.. I currently have installment loans & revolving accounts, so maybe my debt ratio was too high.. My gripe is how my current credit portfolio matched their requirements if I was such a risk? Oh well, I'll probably retry in a year or 2 once I dissolve some of my utilization..


1 votes

I kept getting pre-qualified letters from Marcus Golman Sachs so I went ahead and applied for a loan, waited a week no response or denial letter, called and spoke to someone name steven and he informed me I was denied. First of all why send out the letter, I have been through idenity theft and had sent over checks stubs and id information, to me this is a red flag because they have all personal information and really did not need it. I will opt out of all prescreens notices,and ... if I do not contact a company for credit I will not have my credit score go down for places like this. Total waste of time. More Less


1 votes

Got a letter saying I was pre-approved, then they refused loan sending me a letter saying I was not approved because I had a delinquency on my credit report. HOW STUPID CAN THEY BE IF MY CREDIT SCORE IS 809. THANKS FOR NOT APPROVING ME YOU DID ME A FAVOR I DO NOT DEAL WITH INCOMPETENCE BUSSINESS

2 votes

Same experience as many here. Got letter saying I was preapproved and was immediately denied...what was the point in the letter with the code....waste of time


2 votes

I am going through the process now without an approval or denial after a week. I received a preaaproval from their website (referred by CreditSesame with "very good" odds of approval). Whenever I call for an update I can't get past the rep who advised updates are sent via email but I didn't get one until I called inquiring for an update. Very disappointed so far. Based on other reviewers with higher scores I may be denied. Just need to know either way and hope not a waste of my ... time and hard inquiry.

They pulled my Transunion FICO 8 score-659.
More Less


3 votes

WHY IN THE WORLD WOULD YOU SEND A PRE-QUALIFIED LETTER IF THE PERSON IS NOT QUALIFIED. THEN WHEN YOU GO ONLINE YOUR DENIED AND YOUR GOOD CREDIT SCORE DROPS. MY SCORE IS 701 AND THEY DENIED ME. STAY AWAY. YOU WILL SEE MORE PEOPLE WARNING YOU OF THIS COMPANY.THIS INFORMATION I AM GIVING IS APPROVED.


1 votes

I received a invitation and approved within an hour. I found this experience smooth and without any problems. I have less than 700 score and received 20.000 a few days later.


3 votes

They offered me with a personal inivtation code and when I tried to check the loan options as soon as I authorized the credit verification they said my loan can't be procesed at this time and the decision dropped my credit score with couple of points.

By the way I have good credit score which got impacted with this offer. Please beware if you want bring down your credit score and have a hard enquiry without getting any loan then sure go ahead.

3 votes

The Marcus personal lending platform just got launched last month. I received a pre-qualified offer in the mail and decided to give it a try. My application was immediately denied. There are no bankruptcies, collection accounts or late payments on my credit report so... not sure why they sent me a phony offer. Maybe they are still working out some flaws? A waste of my time.

1 votes

I applied for a loan on Thanksgiving and after some verification. The process was quick and simple. About five day later the money was in the bank.


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