Marcus by Goldman Sachs Personal Loans
in Personal Loans from Goldman Sachs Bank USA
Claimed Visit Site Get Personalized RatesMarcus by Goldman Sachs Personal Loans
in Personal Loans from Goldman Sachs Bank USA
Would you recommend Marcus by Goldman Sachs Personal Loans to your friends?
| Community Rating | Mostly recommended |
| APR (Fixed APR) | 6.99% - 19.99% |
| Loan Amount | $3,500 - $40,000 |
| Loan Term (Months) | 36 - 72 months |
| Number of Reviews | 82 |
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 by Goldman Sachs Personal Loans is available in 50 states (and Washington, DC).
- APRs starting at 6.99%. Interest rates vary by state. Personal loan interest rates typically range between 5% 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 credit score.
- No origination fee. Marcus by Goldman Sachs Personal Loans does not charge a loan origination fee.
- No late fees. Missing a payment can seriously damage your credit, but 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.
| Pros | Cons |
|---|---|
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What interest rates and personal loan terms does Marcus loans offer?
Marcus loans has lower interest rates than the average 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 19.99% APR. Interest rates vary by state.
How much can you borrow via Marcus loans?
Loan amounts start at $3,500 and go up to $40,000
What is the maximum personal loan term you can get with Marcus loans?
Marcus loans offers loans with terms ranging from 36 to 72 months.
| Personal Loan Amount | $3500 - $40000 |
| Loan Term | 36 - 72 months |
| APR | 6.99% - 19.99% |
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, go with 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 one of the monthly paymenbts.
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 | N/A |
What do you need to qualify for Marcus by Goldman Sachs Personal Loans?
Applicants with a credit score of at least 660 and up to 840 FICO 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. Marcus by Goldman Sachs Personal Loans only considers borrowers who are employed.
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 Marcus by Goldman Sachs 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 Marcus by Goldman Sachs 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
- Recent bank statements
- Driver's license
- 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 | 660 - 840 FICO |
Does Marcus by Goldman Sachs Personal Loans report your account activity to credit bureaus?
Yes, Marcus by Goldman Sachs Personal Loans reports your account activity to the following credit reporting agencies:
- 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 improve your credit.
Message From Goldman Sachs Bank USA
Contact
- Headquarters
-
200 West Street
39th Floor
New York, NY - (212) 902-1000
- Visit Site
- Email Support
Other Services by Goldman Sachs Bank USA
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| No Origination Fee | |
| No Prepayment Fee | |
| Origination Fee ($) | $0 |
| Origination Fee (%) | 0% |
| No Late Fees |
Marcus by Goldman Sachs Personal Loans Community Reviews
Would you recommend Marcus by Goldman Sachs Personal Loans to your friends?
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