This Lightstream loan review is for you if you’re looking for a unique lending solution that allows you to borrow virtually paperless loans at meager rates. You can count on the uncomplicated lending procedures of LightStream personal loans at low fixed interest rates.
Whether you need a loan for auto-refinancing, home improvement, family care, or debt consolidation, LightStream will never disappoint you. You have a variety of loan options to choose from. Unlike other lenders, LightStream private loans have a robust loan application and disbursement process at easy conditions.
Loan Amount & Terms $5000 – $100,000 The repayment terms is between 36 to 84 months |
Interest Rates APR 7.49% – 25.49% The higher your credit score, the lower your interest rate. |
With LightStream Personal Loans, you could get from $5000 to $100,000 at fixed rates starting at 7.49%, depending on the type of loan you need. The maximum APR is 25.49%, and the loan terms range from 36-84 months.
You can get personal loans for practically anything, such as Car loans, Refinance Loans, Home Improvement Loans, Pool Loans, Boat Loans & Aircraft Financing, etc.
Brief About LightStream
LightStream is an Online Consumer Lending Division of SunTrust Banks Inc., one of the US leading financial services companies. They started working with the mission of providing a wide range of loans to consumers who have established good credit through a straightforward application process.
LightStream provides innovative lending products to consumers with a fair to strong credit score of at least 600. Consumers who are aspirants of personal loans can apply for it in the convenience of their computers and mobile devices.
Who is LightStream Personal Loans Suitable For?
LightStream Personal Loans are suitable for people who want to use them for practically anything. For example, you can use LightStream loans to consolidate debts, auto refinances, buy a new car, kitchen or bath remodel, or any medical financing.
For getting personals loan from LightStream, you have to be a US Citizen with a credit score of at least 600 with a steady income. If you meet these criteria, you could be eligible for loans from $5000 to $100000 at fixed low rates.
Although LightStream does not charge any fee for prepayments, you should be aware of early monthly repayments because the funds will go into your extra payments. If you do not make your regular payment on the due date, you will be late. So take special note there.
What are the Different Loan Options LightStream Offer?
With LightStream Personal loans, you have the following different loan options:
Auto Loans:
LightStream is offering a variety of Auto Loans at Fixed Low-rates from $5000 to $100000, including:
Auto Refinance:
You can get an Auto Refinance loan from $5000 to $100000 with an APR starting at 4.99% for 36 months terms right up to 6.69% for 84 months. You can get this loan through a straightforward online application process with the following benefits:
- Fixed low-rate loan
- Quick Disbursement of Loan (Mostly within 24 hours of Application)
- No Appraisal
- No Restriction on Car Age
- No Restriction on Mileage
See If You Qualify For LightStream Auto Refinance Loans
Classic Car Financing:
Most lenders don’t provide loans to refinance classic cars, but LightStream has got you covered in this regard. Now get an auto loan at low rates with excellent service to refinance your classic car. You will also benefit from the following;
- Direct deposit of loan in Your bank account so you can buy any used classic car from any dealer.
- Same-day loan disbursement
- The virtually paperless straightforward loan application process
- No restrictions related to age or mileage
See If You Qualify For LightStream Classic Car Financing Loans
New Car Loans:
Are you looking to buy a new car and don’t have funds for it? Get a new car loan from LightStream at the lowest rates starting at 7.49%. You will benefit from these incredibly low rates if you have good credit.
The highest APR for new car loans is 9.24% which is undoubtedly not that very attractive compared to auto loans from lenders like SoFi.
Used Auto Loans:
Buy used cars from any dealer by getting a Used Auto Loan from LightStream that will be directly deposited into your account so you can save time while dealing. For Used Auto Loans, absolutely no appraisal is required, and you don’t have to follow any age or mileage restrictions.
Home Improvement Loans:
LightStream proudly offers Home Improvement Loans from $5000 to $100000 to finance any home improvement project at the lowest rates depending on your credit score. LightStream provides the following types of Home Improvement Loans:
- Home Improvement Loans
- Kitchen & Bath Remodeling Loans
- Landscaping Loans
- Solar Installation Loans
- Swimming Pool Loans
All these Home Improvement Loans are available with the following exciting benefits:
- Whole-Project Funding
- Absolutely Zero fees
- No prepayment penalties
- Home equity is not required
- Same-day loan disbursement upon approval
- You’ll decide the terms to repay the Home Improvement Loans at fixed rates between 3 to 7 years.
Get A Loan Today To Finance Your Home Improvement Projects
Recreation Loans:
Whether you want a loan and refinancing for Aircraft, Boat, or Motorcycle, LightStream won’t disappoint You. LightStream offers a wide range of Recreation Loans from $5000 up to $100000 at the lowest rates you deserve depending on your good credit.
With LightStream, you’ll enjoy the experience of a refreshingly simple loan process. You can get the following type of Recreation Loans from LightStream:
- Aircraft Loans & Refinancing
- Boat Loans & Refinancing
- Destination Club Financing
- Timeshare Loans & Refinancing
- Motorcycle Loans & Refinancing
- RV/Trailer Loans & Refinancing
Family Life Loans:
LightStream understands Your family-related expenses and offers a variety of Family Life Loans at the lowest fixed rates based on your credit score. Whether you need a loan for adoption, medical expenses, fertility treatment, or education, you can trust LightStream.
You can get the following types of family life loans at easy conditions:
- Adoption Financing
- PreK – 12 Education Loans
- Fertility Financing
- Medical Financing
- Wedding Financing
Debt Consolidation & Other Loans:
Do you want to get personal loans for debt consolidation? Through LightStream personal loans, you have many Debt Consolidation loans option and other loans such as:
- Aircraft Loans & Refinancing
- Credit Card/Debit Consolidation
- Horse Ownership Financing
- Medical Financing
- Unsecured Loans
Cost of LightStream Personal Loans
LightStream Loans depend on Your Credit. You are guaranteed the lowest fixed rates on all LightStream Loans if you have excellent credit. You can check your rates for any loan before applying by using LightStream’s rate calculator.
It’s important to mention that you can get an AutoPay discount on LightStream Loans. But, this discount is only available before loan funding. Rates without AutoPay are 0.50% points higher.
Lightstream does not charge you any origination fee or prepayment penalties. As long as you commit to your loan repayment schedule, you will enjoy the cheapest loans from LightStream.
LightStream Personal Loans Requirements
You have to fulfill the following requirements to qualify for LightStream personal loans:
- Good Credit Score
- Bank Account in a US-Based Bank
- Credit History
- Strong Payment History with a few or no delinquencies
- Must have a steady source of income
If you meet the above lightStream loan requirements, you could easy get approved without any delay on your application.
How to Apply for LightStream Loans?
Applying for LightStream personal loans is extremely easy and requires only a few minutes. The whole application process consists of the following steps:
Step 1 – Fill Loan Information: Visit the official website of LightStream and click the “Apply Now” button. You’ll be redirected to the online loan application form. Here, you’ll complete loan information in the first step, such as primary loan purpose, loan amount, loan term, and payment method.
Step 2 – Fill in Personal Information: In this step, you will fill the form with your basic personal details like your name, contact number, email, and ID.
Step 3 – Fill Security Information: In this step, you’ll provide security information such as Your bank account details, credit history, etc.
Step 4 – Confirm and Submit: After completing all the previous steps, you’ll review the whole form and submit it. LightStream will review your information, and they might ask you for supporting documents to confirm the information you provided. Once everything is intact, your loan will be disbursed once approved.
Bottom-Line
The versatility of loan options makes LightStream one of the best lenders in the US. Whether you need a loan for auto refinancing, home improvement, family life, recreation, or debt consolidation, LightStream personal loans can fulfill all your financing needs.
Loan Amount & Terms $5000 – $100,000 The repayment terms is between 36 to 84 months |
Interest Rates APR 7.49% – 25.49% The higher your credit score, the lower your interest rate. |
LightStream is the best lender for you if you have a good credit score. However, you have to pay more interest rates if your credit score is not good. The only way to get the lowest fixed rates on all LightStream is to have a good credit score.
Want to apply for a loan but don’t know how? Consider following these 8 steps on applying for a personal loan.
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