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With all the different lenders out there positioning to get your business, it can be overwhelming as you try to find the right one for your personal loan. Not every lender is right for everyone, but more options popping up in the loan market can result in you enjoying better rates, more favorable terms, and the comfort of dealing with a highly-rated business.
This guide offers the insights you need to make an informed decision about whether or not you should apply for a LightStream personal loan. You’ll learn if the products the company offers are right for you, what others have to say about doing business with them, and the answers to some frequently asked questions.
- Apply in minutes and have funds in your account as soon as today*
- $100 Loan Experience Guarantee**
- They will beat any qualifying rate from other lenders!***
- An overview of LightStream
- Which loan products does LightStream offer?
- Vehicle loans
- Home improvement loans
- Recreation loans
- Family life
An overview of LightStream
LightStream is an online consumer lender headquartered in San Diego, California. LightStream is a division of Truist, a bank recently formed out of the merger of SunTrust Bank and Branch Banking and Trust Company (BB&T).
As an online lender, LightStream is able to offer consumers a virtually paperless loan process. Customers can apply, be approved, and sign their loan agreement quickly and easily from the convenience of their computer or mobile device. Customers can also receive their funds on the same day of their application. LightStream is so confident in its loan process that it provides a $100 guarantee that you’ll be completely satisfied with your experience.
LightStream does not offer pre-approvals, though, so you need to be prepared for a credit check to occur as part of the application process. But if you are offered a loan by LightStream, you will not be under any obligation to accept it.
LightStream offers competitive rates and fixed-rate financing that is best for borrowers with strong credit. Borrowers can benefit from flexible repayment terms, no fees, and no penalty for repaying your loan early. LightStream’s Rate Beat Program helps ensure you’re getting the lowest rates possible. Under the program, if you receive a rate from another financial institution for the same loan terms offered by LightStream, LightStream will offer a rate .10 percentage points lower than the rate offered by the competing lender.
LightStream also goes beyond just providing a paperless loan process. LightStream partners with American Forests, the oldest conservation organization in the United States, and donates a tree for every funded loan to support restoration efforts. So when you get your funds, you know it’s part of a bigger cause.
LightStream also provides a mobile app for both iOS and Android devices. Within the app, you can check your payment due dates, monitor balances, make payments, and even apply for a new loan.
Which loan products does LightStream offer?
LightStream offers financing solutions for amounts between $5,000 and $100,000 that can be used for a variety of purposes – personal, auto, and even education loans for pre-kindergarten through 12th grade. With all these different types of loans, you are required to use the proceeds for the purpose you indicated in your loan application.