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).
Marcus by Goldman Sachs offers personal loans with APRs starting at 5.99% and up to 22.99%.
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.
No, Marcus by Goldman Sachs will not charge you a late fee.
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.
Loan amounts start at $3,500 and go up to $30,000.
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.
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:
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.