Reviews

LightStream personal loan review: is it worth it?

A loan creates uncertainty. However, today you will learn a little more about the features of LightStream personal loan. So, read more.

Advertisement

by Sabrina Paes

Published on 08/14/2022

LightStream personal loan review and benefits: loan of up to $100,000, no origination fees, and no late fees

LightStream logo
Read our review of the LightStream personal loan platform! Source: LightStream

During periods of inflation and economic downturn, a loan can be of great help. After all, being able to pay all the bills can be a great difficulty. The LightStream personal loan offers interesting benefits.

LightStream logo

How to apply LightStream personal loan

Have you already made the LightStream personal loan application? Find out how to go about getting the credit you dreamed of.

This loan has no origination fees or late fees, and you can get up to $100,000. The minimum credit score is 660, and the APR reaches a maximum of 20.49%. Learn more about this option.

APRMaximum variable APR of 20.49%
Loan PurposeHome improvements, Land purchases, Debt consolidation, Medical expenses, Wedding costs, and Preschool and K-12 expenses
Loan Amounts$5,000 – $100,000
Credit NeededExcellent
Origination FeeNone
Late FeeNone, but there is a higher interest accrual
Early Payoff PenaltyNone

Advertisement

LightStream personal loan: how does it work?

LightStream personal loan
The LightStream personal loan is simple and can be done online | Source: Adobe Stock

The LightStream personal loan is a very flexible loan for people with a reasonable credit score.

The process is carried out over the internet in an easy way. However, an agent may contact you by phone in some cases.

However, after applying and checking the documents, the credit can be made on the same day.

This applies to applications before 2:30 PM EST. Payment is also flexible, and the automatic debit option is one of the most used.

Is it worth it to apply for the LightStream personal loan?

To answer this question, we need to analyze a few things. Origination fees and late fees must be taken into account. Also the minimum credit level, range of loan amounts, and benefits as well.

Therefore, let’s see the benefits and disadvantages that LightStream personal loan presents.

Advertisement

Benefits

  • No origination fees;
  • No late fees;
  • Good credit range;
  • Loan flexibility;
  • Highly competitive APR rates in the lending market;
  • Special benefits to users as a satisfaction guarantee.

Disadvantages

  • Lack of pre-qualification;
  • Rigidity regarding the due dates for monthly payments;
  • Requires a lengthy review of personal credit history;
  • It has limitations on the use of some loan resources.

What credit scores are required for the application?

To apply for LightStream personal loan, you do not need an excellent credit history. Also, with a credit score of 660, you can now apply for the application.

However, the company makes a long analysis of the history in the previous years. So, this is to make sure of good use of credit and payment.

Just having made good use of it in the last few months, your application has a great chance of being approved.

LightStream personal loan: applying for this loan today

Applying for the LightStream personal loan is simple and can be done online. However, someone from the company may call you to confirm certain details before granting the loan.

The application process for LightStream personal loan can generate some questions.

However, it is simple and can be done online or through the app. So, learn more in this post that we separate to help you.

LightStream logo

How to apply LightStream personal loan

Have you already made the LightStream personal loan application? Find out how to go about getting the credit you dreamed of.

About the author

Sabrina Paes

Content Writer, Copywriter, and Ghostwriter. Content marketing professional with 5 years of experience. Specialist in investment, finance, and technology niche. MBA in Marketing at the University of São Paulo, Brazil. Content Writer by Rock Content, and University of California (UCDAVIS).

Trending Topics

content

Capital One Venture Rewards credit card full review

If you love traveling the world, you will love the Capital One Venture Rewards credit card. Read this review to learn about its benefits.

Keep Reading
content

Binance is moving to protect its users after Luna’s collapse

Binance CEO Changpeng Zhao has announced that the exchange will provide support for Luna investors affected by the crash.

Keep Reading
content

Applying for the Luxury Black credit card: learn how!

Want to know what it takes to get your hands on a Luxury Black card? We'll show you how easy it is to apply so you can start earning rewards!

Keep Reading

You may also like

content

Top 5 best credit cards with travel perks 2022: read this before choosing!

Looking for the best travel perks credit card? Check out the best options for hotel and airline bonuses, concierge services, and more.

Keep Reading
content

Top 6 best rewards cards in Canada: enjoy the benefits in 2022!

Looking for the best rewards cards in Canada? We've got you covered with top cash back, travel points, and sign-up bonus offers for 2022!

Keep Reading
content

Sable debit card full review

Check this Sable debit card review and see how you can rebuild your credit score while getting cash back on all your purchases!

Keep Reading