- Borrowing amount: $5,000 – $100,000
- Repayment terms: 24 to 144* months
- APR: 5.99% – 22.49%* (with AutoPay)
- Origination fee: No origination fee
- Minimum credit score: Not specified
Why we chose it: LightStream has some of the most competitive interest rates on the market and may be a good choice for consumers with excellent credit.
Overview: LightStream emerges as the winner in several important categories. It offers one of the lowest APRs at the time of writing, with rates starting at just 5.99%. Plus, it offers large-amount loans up to $100,000 and gives you a maximum of 144 months to pay them off. However, LightStream does not offer the opportunity to get preapproved for a loan.
Eligibility requirements: Because LightStream only approves consumers with good to excellent credit, here’s what qualities they believe fall under the “excellent credit” category:
- At least five years of a robust credit history
- Ability to save (proven with assets like savings, retirement and investment accounts)
- Low debt-to-income ratio
- A payment history with no delinquencies
*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 5.74% APR with a term of 3 years would result in 36 monthly payments of $303.04. © 2022 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.