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LightStream offers unsecured personal loans of up to $100,000 to borrowers with good credit. They have some of the lowest rates we’ve seen, assuming your credit and history are good enough to qualify. Read the LightStream review to see if you should apply with them for your next loan.
LightStream Quick Info
| APR Range | 2.19% - 17.54% |
| Loan Amounts | $5,000 - $100,000 |
| Origination Fee | None |
| Loan Duration | 2 - 7 years |
| Time to Fund | Potentially same day |
| Soft Credit Check? | Yes |
Who Is the Typical LightStream Borrower?
- They have a nice credit score. The minimum is 680 but most borrowers have a score above 700.
- They have an established and varied credit history. Borrowers have several years or more of credit history with several types of accounts like a mortgage, credit card, or auto loan.
- Saving money is a priority. Being able to show some form savings like stocks, bonds or a retirement account can help get a loan approved.
- They want to bring a co-signer. LightStream allows for a qualified individual to co-sign for someone that would not normally qualify.
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LightStream Review
LightStream is a branch of SunTrust Bank, which is the financial company you’ll actually be getting your loan from. They are one of the older online lenders, dating a back to 2005. In 2012 they were bought by SunTrust and they became known as LightStream.
While Lightstream definitely caters to the upper end of the market they do have some flexibility. For their no collateral loans you’re going to need to have a good credit score, a solid credit history and potentially proof of the ability to save money. But if you are unable to qualify you can apply with a co-signer that can vouch for you. They’ll need to qualify themselves and you’ll still need to meet a lower set of requirements.
If you are unable to qualify or unable to bring a co-signer they do offer secured personal loans for a number of purposes. These are less risky for LightStream since they have something they can get from you if you do default.
Overall LightStream has a good deal of options to get you a loan. Their rates are very competitive, especially if you’re able to qualify on your own good merit.
LightStream Reviews From Around the Web
| Better Business Bureau | Not Rated |
| Credit Karma |  4.5/5 - 51 Reviews |
| Nerd Wallet |  4/5 |
LightStream Fees and Penalties
- Origination fee: None
- Prepayment fee: None
- Late fee: None
Business Contact and Profile for LightStream
| Name: | LightStream |
| Phone: | (866) 505-8362 |
| Address: | 350 Tenth Ave #1400 San Diego, CA 92101 |
| Website: | LightStream.com |
| Business Started: | 2010 |
| Type of Business: | Financials Services, Loans |
| Principal: | Mr. Gary Miller, CEO |
| BBB Accreditation: | This business is not accredited with the BBB and is not rated. |