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LightStream

Application Process
Customer Service
3.8 5
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Get Your Personal Loan Rate from LightStream

What are you looking to do with your loan?

60

7.19%

$199

 

Current Loan

This Loan

 

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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

    Jan 16, 2014

    Quick, Easy, Love Lightstream!
    Helpful to 5 out of 5 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

    Jun 27, 2014

    Major issues with loan payoff
    Helpful to 7 out of 7 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 (79)

    Jan 11, 2015

    Super Easy if you have Excellent Credit
    Helpful to 2 out of 3 people

    Applied for used Auto Loan for $15K at 1.99%  .  I am married, but applied as single individual.   Received an email within 15 minutes of application submission asking for a pay stub.   Submitted pay stub  via website.  10 minutes later got an email asking me to call.  I called and and answered some questions regarding some joint obligations I have with my wife (mortgage) that both of us pay.    10 minutes later received an email saying i was approved.  Funded same day.  No lien.  I would use them again without hesitation.   Like previous reviewers have mentioned, if you don't have excellent credit and can show you can afford the amount you are requesting, you may have a different less satisfied experience.

    Read More
      Write A Reply |

    Jan 07, 2015

    Simple process, would use again!
    Helpful to 2 out of 2 people

    I borrowed 65k for 24 months and got the 1.99% rate.  I ended up paying the loan off early as it was a bridge loan for a new vehicle, I needed money out of escrow to pay off the loan which is what I did.  I thought the process was simple and would not hesitate to use them again.  Sure makes you feel confident walking into a car dealership having the ability to skip the finance department! 

    I can't get over all of the bitter people who got denied!  People saying they have $400k annual income and no mortgages, if you need a small loan for a boat or auto, perhaps you aren't managing your money properly.  

    Read More
      View 1 Reply Write A Reply |

    Jan 11, 2015

    Were you concerned at all that there is no phone number listed on their website? I just applied for a loan yesterday and got approved today, but I'm a little nervous it could be a scam...

    Meggo1's reply was:    

     

    Dec 25, 2014

    Quick & Easy

    Took less than 15 minutes to get approved, 830 & wife 810 Credit rating. $25k at 1.99% 60 months.

    Read More
      Write A Reply |

    Dec 21, 2014

    Best Rate, Amazing, Quick, Easy
    Helpful to 1 out of 2 people

    Lightstream is a division of Suntrust Bank, which is who I have 3 mortgages through.  I applied for a 25K loan for a 2012 Audi A5 Convertible on 12/20 at 7:14pm because of their 1.99% rate on a used auto loan, 60 months, got this reply:

    Thank you for considering LightStream for your financial needs. We have received your application and will be reviewing it shortly. We will email you during our normal business hours, no later than Monday morning, December 22, 2014 Pacific time regarding our credit decision or any questions that we may have.

    Got this email on Sunday 12/21 at 12:29pm:

    Your loan application has been approved! Your interest rate will be 1.99% based on the loan purpose you selected, the terms of your loan, and your credit profile. Please note that you must use your loan proceeds for the loan purpose that you indicated in your loan application.

    and at the bottom of the email:

    Important Reminder:

    Do NOT have LightStream listed as a lienholder on your vehicle title or loss payee on your insurance policy. If your lender or insurance company inquires, just tell them that you did NOT use secured financing. This will save each of us paperwork hassles in the future. Thanks!

    I don't understand them not wanting to be listed as loss payee, but I'm not complaining.

    Read More

    kafarrell's review was:    

     
    View 1 Reply Write A Reply |

    Dec 26, 2014

    Great review! Is your credit within the 750-800 range like Credit Karma has suggested for this lender?

    aprilsavery's reply was:    

     

    Dec 19, 2014

    Easiest loan I have ever got
    Helpful to 1 out of 1 people

    Just picked up my new 2015 Mustang today. No lien ,no insurance. And yes I got 1.99% rate.

    Read More
      Write A Reply |

    Dec 18, 2014

    Couldn't be easier
    Helpful to 1 out of 1 people

    Easiest loan I've ever obtained.  Received approval within 2 hours, finalized loan, and money was in my local account when I asked for it.  The complaints I've read have been by people who were denied.  LightStream makes it clear up front that you need excellent (not good, but excellent) credit score and significant liquid assets.  By only loaning to these folks, they pretty well assure that they will be repaid, thus they can offer low interest rates (mine was 1.99%).  if you meet their requirements, you should try them.

    Read More

    hared12's review was:    

     
    View 1 Reply Write A Reply |

    Dec 26, 2014

    Got it! I was wondering if that credit range was accurate, and it is. Thanks for the review!

    aprilsavery's reply was:    

     

    Dec 04, 2014

    Couldn't have been easier!!
    Helpful to 3 out of 4 people

    30 minute response time to receive approval for $37000 car loan with 1.99% interest for 60 mos. No additional documenation was required from me as far as W2's, etc. The money was wired to our checking account the next day. I have an 817 credit score and we own our home with  no mortgage.

    Read More
      Write A Reply |

    Nov 21, 2014

    I had no problem getting loan from them
    Helpful to 3 out of 3 people

    I got a loan for $22912 with 2.29% interest rate back in February 2014 for 4 years.  The money was in my bank account two days later and I went out and bought my Ford Flex with it.  Was very easy.  While they were reviewing my application, a woman called, wanting to know some details about where I live, and I emailed them a pay stub.  They take out $500 on the first of each month automatically.  I can certainly understand why Lightstream would be particular about who they loan money to since they're just putting it in people's bank accounts.  I'm sure I'll use them again in the future after this loan is paid off.

    Read More
      Write A Reply |

    Nov 06, 2014

    Easy, low rate, good service
    Helpful to 3 out of 4 people

    Credit score 760, savings in excess of loan balance, offered a better rate than a secured loan for auto financing. Fast service, received a call back in 24 hours and an approved loan in 36 hours. 

    Read More
      Write A Reply |

    Nov 05, 2014

    Amazing,Quick and hassle free!

    Applied for a new auto loan which it took me 45 min at tops to get a 23,000 loan for 2.29% which saved me

    tons in rebates on my new truck!  Ford 0% would have cost me double!  I had a 2 minute phone with 1 question 

    and they needed one document! Done!  Easy Easy

    JK

    Read More
      Write A Reply |

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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.