LightStream

Lender Summary

LightStream is the nation’s premier online consumer lender, offering low-interest, fixed-rate loans to borrowers with good credit. Our loan amounts range from $5,000 - $100,000, and we take pride in providing a simple online process with zero fees. With LightStream, you’re in control – you can walk into the dealership as a cash buyer, or fund that classic car you’ve been dreaming about.

What they're saying

Ratings & Reviews
358 Reviews
  • Interest Rates
    Good
  • Fees & Closing Costs
    Good
  • Responsiveness
    Good
  • Customer Service
    Good

Review Breakdown

Quick, easy, and cheap

If you can qualify for a LightStream loan, they're awesome. I just bought a new car with a LightStream loan and the process couldn't have been easier. I applied online and they called me 45 minutes later and asked me some follow up questions. Half an hour later, I was approved and I had the money in my checking account the next day. Since it's an unsecured loan, you can just tell the dealership you're paying cash, which makes the buying process simple and quick, too.

LightStream gave me the best rate I could find, by a good margin. My loan is at a 1.99% interest rate; the second best I could find was 2.39% at my credit union.

Most of the bad reviews of LightStream seem to be people who were rejected. LightStream has stricter loan requirements than anywhere I've encountered. That's how they offer such low rates on unsecured loans. Don't assume that a credit score in the mid-700s will be enough. There's a good chance it won't be.

  • LendingTree Customer:

    Yes
  • Loan Type:

    Auto Loan or Auto Refinance
  • Review Type:

    Lender Review

The most amazing loan experience I've ever had

I can't say enough about this company and their customer service. My wife and I found them by chance back in 2013 and since then we've closed four auto loans totaling ~$60k. The first was a refinance which saved 2.5% and hundreds over the life of the loan. The process was so seamless that we refinanced another vehicle about two weeks later. It seems that they value repeat customers and consider their payment history as the subsequent loans were even easier and quicker decision; within hours in both cases with little to no documentation required. In all cases we had the choice to receive same day deposits of the funds for a small fee or next day for no additional charge. We both have ~ 800 credit scores and some assets, but I would say this company is worth a shot for anyone above 750, some assets, and good debt to income. It seems that most of the negative reviews are from those who were denied. What I'll say is that the customer service is second to none and if you establish a relationship with them (even if it's via the internet) they will deliver in a way which other lenders cannot.

  • LendingTree Customer:

    Yes
  • Loan Type:

    Auto Loan or Auto Refinance
  • Review Type:

    Lender Review

The Easiest Process EVER

I cannot say enough wonderful things about this company or their process. I applied for a $17k auto loan, was approved within 3 hours at the lowest rate they offer (which I had convinced myself would only be available to people with 840+ credit scores. Once I received my approval, it was so simple to go in, select a deposit date, and select the beginning repayment date.

This process was so seamless, so easy, that I almost feel like I cheated the "system". I will be recommending LightStream to all of my friends, family and co-workers.

  • LendingTree Customer:

    Yes
  • Loan Type:

    Auto Loan or Auto Refinance
  • Review Type:

    Lender Review
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LendingTree Certification:

The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.

LendingTree Certification:

  • Certified Lender
    Certified Lenders have demonstrated their organizational commitment to employee development, at least 50% of their loan professionals have been certified while also providing exemplary service to LendingTree consumers.

Loan Officer Certifications:

  • Gold Leaf
    Gold Leaf is the cornerstone of the loan officer certification program and is designed to recognize loan officers committed to their own professional development while adhering to LendingTree best practices. Gold Leaf recipients know the fundamentals of LendingTree and online lending, they are equipped with the necessary skills to be best-in-class loan professionals.
  • Certified President's Club
    President’s Club is presented to an elite group of loan officers based on success levels in several areas including adherence to LendingTree best practices, commitment to professional development and dedication to customer excellence. Recipients have also met all Gold Leaf criteria.

LightStream

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