PERSONAL LOANS
Best for high-dollar loans and longer repayment terms

LightStream
4.7
Bankrate Rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
The annual percentage (APR) includes your interest rate, plus any loan fees. It reflects the total cost of borrowing.
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*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are .50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 9.99% APR with a term of 3 years would result in 36 monthly payments of $322.62. © 2023 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
Pros
- Member features
- Rate beat program
- Disbursement flexibility
Cons
- Requires established credit
- No prequalification option
- No due date flexibility
OVERVIEW
Lightstream touts itself as the nation's premier online lender and is so confident that its customers will have a positive experience that it provides a $100 guarantee to back up these claims. As part of Truist bank, it offers loans for nearly every purpose.
WHO IT'S FOR
Borrowers who want a longer repayment term
WHY WE LIKE IT
LightStream offers unsecured, fixed-rate debt consolidation loans as big as $100,000, with up to seven years to repay.
BANKRATE INSIGHTS ON LIGHTSTREAM DEBT CONSOLIDATION BORROWERS
- Bankrate users borrowing from Lightstream with the loan purpose of consolidating their debt have a funded loan amount average of $21,066.
- 28.2% of Lightstream borrowers on Bankrate are taking out a loan to consolidate their debt.
Lender perks:- 30-day guarantee
- Fast approval
- Autopay discounts
Fees:- None.
Time to receive funds:Same day if approved before 2:30 ET, Monday through Friday
Requirements:- Good-to-excellent credit profile
- Several years of mixed credit
- Assets or savings
- Stable, sufficient income
- Few reported delinquencies