Apply for your personal loan of up to $100,000 with rates starting at 6.49% APR!

Looking for a secured loan of up to $100,000 for an emergency?

LightStream is a leading company offering personal loan plans for your life’s needs.

Why choose LightStream?

LightStream is one of the most recommended companies in the U.S. lending market, known for its widely respected and secure service.

The company is part of Truist, a conglomerate with a range of financial services. It’s easy to find very positive reviews about the LightStream experience for applying for loans entirely online.

Loan amounts and terms

LightStream offers loans ranging from $5,000 to $100,000, with the possibility of receiving funds in your account as soon as the next business day.

LightStream categorizes its loans by life areas. Here are some examples:

• Auto loans: refinancing, new car purchase, lease buyout.
• Home improvement: home renovation, solar financing, hot tub purchase.
• Recreation: aircraft financing, boat repair.
• Family: adoption loan, dental treatment, medical financing.
• Other: debt consolidation, jewelry financing, and more.

Interest rates range from 6.94% to 25.29%, depending on the borrower’s profile at the time of application.

Pros of LightStream

LightStream stands out and is widely praised for its excellent customer relationships.

Beyond being just a lender, LightStream offers comprehensive customer service and support, primarily through online and phone channels.

LightStream provides personal loan plans for various purposes, and you’re likely to find a way to finance what you need in life.

LightStream doesn’t charge extra fees, such as origination or prepayment fees.

Additionally, if you set up automatic payments (Autopay), you’ll avoid an extra 0.5% fee charged for other methods like bill payments.

Cons of LightStream

According to LightStream itself, some personal loans may require collateral, such as funds in accounts and properties like cars or homes.

Furthermore, while payment is often made the next day in most cases, some more complex financings may take 30 to 90 days.

Who can apply?

To apply for a loan with LightStream, you must meet the following requirements:

• Minimum age: 18 years.
• Citizenship: U.S.-born or permanent resident.
• Credit history: Applicants need to have at least five years of a robust credit history, with various accounts and financial services.
• Assets: LightStream may assess your ability to save, including investment accounts and liquid assets or savings accounts.
• Income-to-debt ratio: LightStream doesn’t require a minimum income, but you must have a consistent income source appropriate for the type of loan requested.
• Payment history: Excellent payment history, with no delinquencies or other issues in debt obligations.

How to Apply

The personal loan application process with LightStream is entirely online.

1. Access the official website: Visit LightStream’s website to start the loan application process.
2. Choose the loan type: Select the category that best fits your needs, such as personal loans, debt consolidation, and home improvements.
3. Fill out the application form: Provide personal information including full name, address, phone number, and email address. Provide financial information, including annual income, current employer, length of employment, and details about assets and liabilities.
4. Receive a response: After submitting your application, you’ll receive a response promptly during business hours.
5. Accept the loan agreement: If approved, you can electronically sign the loan agreement and set up fund receipt.
6. Receive the funds: After approval and signing the agreement, funds can be available in your account the same day.

Key points

✔ Personal loans are categorized for different purposes.
✔ No surprise fees.
✔ Automatic payment that removes the extra 0.50% fee.
✔ Loans from $5,000 to $100,000.
✔ Funds in your account the next business day.
✔ Fixed monthly payments for predictable budgeting

Author’s opinion

LightStream is a comprehensive company with a wide range of financial services to address difficult times in life.

Therefore, it’s advisable to inform yourself and understand the key points of LightStream before applying.

Looking for Another Option?

If you’re looking for another option, you might consider Happy Money, a company also focused on user experience.

Happy Money offers personal loan plans up to $40,000, and you can check all the information on how to apply.

Written by

Gabriel Gonçalves