Marcus by Goldman Sachs Personal Loans
in Personal Loans from Goldman Sachs Bank USA
Unaffiliated 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 not recommended |
| Loan Amount | $3,500 - $40,000 |
| APR (Fixed APR) | 6.99% - 28.99% |
| Loan Term | 36 - 72 months |
| Number of Reviews | 74 |
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 49 states (and Washington, DC).
Key takeaways
- Fair credit accepted. The credit score needed for Marcus by Goldman Sachs Personal Loans is relatively low. Borrowers with a credit score as low as 660 may qualify for Marcus by Goldman Sachs Personal Loans.
- 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.
Marcus by Goldman Sachs Personal Loans Pros and Cons:
| Pros | Cons |
|---|---|
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What rates and terms does Marcus by Goldman Sachs Personal Loans offer?
Marcus by Goldman Sachs Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Marcus by Goldman Sachs Personal Loans offer?
Marcus by Goldman Sachs Personal Loans offers a fixed APR personal loan product that ranges from 6.99% APR up to 28.99% APR. Interest rates vary by state.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Marcus by Goldman Sachs Personal Loans?
Loan amounts start at $3,500 and go up to $40,000.
What can a personal loan from Marcus by Goldman Sachs Personal Loans be used for?
Personal loans from Marcus by Goldman Sachs Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Marcus by Goldman Sachs Personal Loans?
Marcus by Goldman Sachs Personal Loans offers personal loans with terms ranging from 36 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.
| Loan Amount | $3500 - $40000 |
| Loan Term | 36 - 72 months |
| APR | 6.99% - 28.99% |
What fees does Marcus by Goldman Sachs Personal Loans charge?
Does Marcus by Goldman Sachs Personal Loans charge an origination fee?
Marcus by Goldman Sachs Personal Loans 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 Personal Loans charge a late fee?
No, Marcus by Goldman Sachs Personal Loans will not charge you a late fee..
Does Marcus by Goldman Sachs Personal Loans charge prepayment fees?
No, Marcus by Goldman Sachs Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the 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 are 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 checking account
- Recent pay stubs
- Proof of income
- Driver's license
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 660 - 840 FICO |
Does Marcus by Goldman Sachs Personal Loans report your account activity to credit bureaus?
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 can help improve your credit score.
Contact
- Headquarters
-
200 West Street
39th Floor
New York, NY - (212) 902-1000
- Visit Site
Message from Goldman Sachs Bank USA
Other Services by Goldman Sachs Bank USA
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- 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?
