My husband and I applied for an unsecured $18,000 personal loan on Friday night to help finance IVF treatment. On Saturday afternoon, Lighstream asked us some additional questions over the phone and then then sent an email requesting a paystub for each of us, as well as a recent statement to verify our liquid assets. We were approved about an hour after uploading those documents, and the funds will be transferred to our bank account on Tuesday. Lightstream offered us the lowest interest rate they advertised for medical/adoption loans: 5.99%. Our repayment period is 24 months.
We were shocked at how quick and easy the application process was. Here are some details on our financial situation to help others who are considering applying:
My credit score: 788
Husband's credit score: 760
Combined annual income: $91,000
Liquid assets (checking and savings): $15,000