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LightStream

Product Holder (89 Reviews)
Application Process
Customer Service
4.8090000152588 5

Get Your Personal Loan Rate from LightStream

What are you looking to do with your loan?

60

7.19%

estimated

$199

estimated
 

Current Loan

This Loan

 

Change

Balance

$10,000

$10,000

$0

Term (Months)

60

60

0

 

Estimated Interest & Fees

$14,000

$1,933

Down

$12,067

Interest Cost

$14,000

$1,933

Down

$12,067

Lender Fees

N/A

$0

$0

 

Total Monthly Payment

$400

$199

Down

$201

 
Savings:
Monthly Payment Savings over 1 Year

$2,412

Interest & Fee Savings over 5 Years

$12,067

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  • Most Helpful Positive Review

    Quick, Easy, Love Lightstream!
    Helpful to 9 out of 9 people

    I wanted a quick used car loan at a great rate! Lightstream provided that. The application process was easy! I got a call immediately. Answered a few questions. Had the funds in my account the next day! It was fantastic. :) 

    Read More

    Most Helpful Critical Review

    Major issues with loan payoff
    Helpful to 12 out of 13 people

    I worked with my credit union to consolodate my automotive loans. My credit union sent Lighstream a check to the confirmed proper address with my double confirmed proper account number, but Lightstream continues to insist that I have not had my loan paid off and that they don't know where the money went? WTF?? My credit untion even sent them paperwork providing proof that the check was cleared and was properly documented.

    My credit union will never work with Lightstream again.

    Read More

    Reviews (89)

    Best loan application experience ever!
    Helpful to 2 out of 2 people

     Company really seems applicant-friendly with mission of helping consumers become debt-free! An easy uncomplicated loan experience! Would definitely rate as #1 in obtaining unsecured loans. Used the personal loan to pay down credit card debt that I was attempting to do month by month on my own. Applicants who obtain such a loan must be disciplined to avoid returning to credit card debt within the 36 month period.

    Read More
    Very quick and easy
    Helpful to 3 out of 4 people

    Was looking for a low interest loan to pay off my high interest debts. With bad credit in the past, I ended up having to pay high interests to my student loans (11% interest), and I got suckered into buying timeshare (17% interest, big mistake). I finally got myself together and started working on my credit. Took me a whole year and a half to reach 721, but I did it.

    I thought maybe this might be a good time to find a loan with low rates, so i came across lightstream. They were advertising 7%-9% interest rates and I thought it was too good to be true. Looked into reviews on creditkarma, google searched everything I could to find a reason to apply. I wanted to make sure I could approve for this kind of loan, so I was being very cautious about pulling my credit.

    After giving a day of thought, I finally gave into it and applied. It was a simple online process. They asked for proof of income and assets, uploaded it, and all done. I was approved within 3-4 hours. The setup was easy, everything was straight forward. I cannot wait to pay of these loans and save some money.

    So in all, it's been great so far.

    Read More

    A great company! One of the best! Application process was uncomplicated! Company really seems applicant-friendly with mission of helping consumers become debt-free!

    BSFfaithful's reply was:    

     
    2 days and funds are in my bank ! A +++
    Helpful to 1 out of 1 people

    I applied for an unsecured car loan for 18,000 on a Saturday afternoon and the following Tuesday funds were in my account.  I did not speak with anyone; I simply submitted the only application and got the approval right away.  Actually, I used lendingtree.com and 2 banks competed for the business. I selected LightStream and so far so good.  They disclosed exactly my payment terms and even let me select what day on the month I wanted to make my payments.

    So far, a very pleasent experience.

    CL

    Queens, New York

    Read More

    carloslijeron's review was:    

     
    Write A Reply |
    Helpful to 4 out of 5 people

    Super fast loan......Easiest Credit card loan payoff  I could receive. From time of applying for the loan till the time of funding was 48 hrs. Completely Hassel free and the best NON-SERCURED LOAN available wish i could give them 10 stars

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    A great company! One of the best! Application process was uncomplicated! Company really seems applicant-friendly with mission of helping consumers become debt-free!

    BSFfaithful's reply was:    

     
    AMAZING!
    Helpful to 1 out of 1 people

    Applied on a Sundy afternoon and received a call the following Monday morning to ask me a few questions and emailed a check stub. Finalized a $20,000 Timeshare refinance loan at %7.5 percent rate that same day and had deposit in my bank account that Wednesday. Amazingly easy process with great repayment terms!

    Read More

    faithwarrior316's review was:    

     
    Write A Reply |
    Extremely fast and easy transaction
    Helpful to 1 out of 1 people

    I needed to refinance my 4.69% auto loan so I applied through Lending Tree and was referred to LightStream yesterday. The whole process only took a few hours and I was offered a rate of 2.39% and asked when I needed the funds. I chose today's date and the $ was sitting in my account this morning. Original loan will be paid off tomorrow, and I couldn't be happier with the outcome. They're a great, no-nonsense company that I will definitely use again in the future.

    Read More
    Easy to get - but read the fine line
    Helpful to 5 out of 6 people

    My loan was easy and painless, a solid rate and quick. I do have excellent credit so they had no risk really. BUT, I asked when I made the loan happen if I could make extra payments to my principal without penalty or interest. Yes, I was told. I have made two extra payments and I just noticed I was being charged interest!!! I called and there explanation is that the extra payments have to be made on the exact same day as the scheduled monthly payment! That is so lame and I was not told of this. I have paid off this loan and will not use them again. 

    Read More

    That's the way all loans work!

    pcswenson's reply was:    

     
    Super easy and quick!

    Submitted application online at 8pm.  Loan approved at 9:45 am the next morning with great rate after a 5 minute easy phone interview.

    Read More
    Approved for personal loan - 731 score
    Helpful to 2 out of 2 people

    Was trying to find a way to get the remaining $4400 off of a 30% credit card without opening more credit cards with short term promotions, which never seem to end up as good as the promotion makes them sound. Submitted online app to Lightstream Wednesday just after midnight. Got an email to call the following day to answer some questions, which I did. Got an email shortly after that it was approved and ready. I actually requested $6009, which was approved at 10% with a 30 month term. The extra was to pay off a different $1500 personal loan that was also at 10%, but combining them now makes the payment to Lightstream pretty easy - I was already paying that much before, but much of it going to interest. I see many reviews saying they want 800+ score, and others saying they want liquid assets, and they also seemed interesting in how much you have in 401k, 457, etc... I make $66,000/year, have a 731 credit score, have minimal in liquid assets ($900), and have no retirement $$$'s that I can get to unless I quit my job of 20+ years. Then I can cash out the retirement if I want. They asked what the high credit card balances were from - day-to-day spending? For me, nope - it was more from 4-5 high dollar unexpected incidents (shoulder surgery, cat broken arm, etc...). And then furlough days at work the past 5 years made it harder to pay things down. I also had closed that 30% Chase credit card a few months ago, so no reason to think I'm going to run that back up again, although closing it after having had it for maybe 20+ years probably hurt my credit score no doubt. But it seems like Lightstream looks at the overall picture, not just individual pieces. I saw reviews from people with 800+ credit scores making $100,000+ and not being approved for what they were asking for. Too many unknown variables to know why - at the job for only a year, or maybe wanting a car loan for $60,000, etc... Lightstream, from what I can tell, seems to look for long-term stable people that will find ways to re-pay even in hard times. And sometimes the quickest people to declare bankruptcy are the ones that can best start over again quick and re-build in a few years. How many celebrities and sports people have made many millions and then declare bankruptcy at some point because of money mismanagement? I'm guessing Lightstream isn't looking to lend to people that want to live extravagently, but rather the common joe that manages his finances within reason, and will put in extra effort to make sure he pays them back.

    Read More
    Best lending experience I've ever had
    Helpful to 3 out of 3 people

    I can't say enough good things about this company and the experience. Being young and inexperienced, years ago I opted for financing provided by an auto dealership at 4.5%. This wasn't an awful rate at the time, but given my credit score I decided a year later I should have done better. Through a stroke of luck I found lightstream and pursued a refinance. For that first loan I got the lowest rate they were offering at the time which was 2.19%. They conditionally approved me about 30 minutes after submitting the application contingent on some documentation proving income and assets. The experience was so good that I financed my a car for my wife and got another 2.19% rate. After a crash which totaled one vehicle I just applied for another, larger, loan and got approved in about an hour with no documentation or underwriter contact required. In case it helps I have a 797 and my wife a 794 credit score. I really can't recommend lightstream enough. Don't listen to those who were denied as it was probably for good reason. 

    Read More

    This is a very informative review and helps me a great deal. I noticed you were offered a 2.19% rate with a 797 credit score. Thats strange because it seems the best i could do with an 814 credit score is mid 6% range...

    Keneo's reply was:    

     

    A great company! One of the best! Application process was uncomplicated! Company really seems applicant-friendly with mission of helping consumers become debt-free!

    BSFfaithful's reply was:    

     

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    Company Overview

    LightStream is an online consumer lending division of SunTrust Bank, a Georgia banking corporation. LightStream offers a virtually paperless application, approval, signature, funding and servicing process allowing you to save not only on our natural resources but on expenses as well.

    Borrowers can apply online and list loan requests ranging from $5,000 to $100,000. They offer fixed rate, simple interest installment loans all with no fees or prepayment penalties. You can set up an account online making monthly payments easy for borrowers to manage.

    Founded in 1985, SunTrust is headquartered in Atlanta, Georgia. SunTrust has 1,659 bank branches throughout the Southern states.

    **Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based upon information entered by the consumer and through analysis of information publicly available at lender websites. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 7% to 30%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, credit usage and history. All loans are subject to credit review and approval. When evaluating offers, please review the lender’s Terms and Conditions for additional details.