Though it’s the lending arm of SunTrust Bank (soon to be Truist Bank), its loan offerings are open to anyone in the U.S. LightStream does cater more toward borrowers with excellent credit indicated through the $100,000 borrow limit and credit history requirements. We are an independent, advertising-supported comparison service. It also depends on you, the consumer, and what best fits your needs. Have funds in your account as soon as today. LightStream Auto Refinancing only considers borrowers who are employed and meet the minimum income requirement. We encourage you to review the privacy policy and security offered on the third-party site prior to providing any personal information. For instance, if you are quoted a 10% APR on a $10,000 three-year loan from another lender, you could apply for the Rate Beat Program through LightStream to receive an APR of 9.9%. Refinance previous college or post-secondary education loans. LightStream is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, partners, advertisers, products or services that are offered or expressed on third-party Web sites. But this compensation does not influence the information we publish, or the reviews that you see on this site. Check the data at the top of this page and the lender’s website for the most current information. LightStream - Read unbiased reviews of LightStream, rated 5.0 out of 5 stars by 633 users ... Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. Income Stable and sufficient income and assets to repay current debt obligations and any new loan with LightStream. Plus, it offers to send you $100 if you’re unsatisfied with the loan proc… Surveyed consumers ranked LightStream highest in offering and terms, application and approval process, and loan management. The offers that appear on this site are from companies that compensate us. Read real lightstream reviews written by Credit Karma members. Visit jdpower.com/awards. That means there isn't an origination fee at the start, nor is there a charge for late payments. Conditions and limitations apply. Using its online platform, LightStream has created a completely electronic lending process. LightStream is tailored to customers with strong credit and income — even promising to beat some competitors’ rates to get those customers. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. We do not include the universe of companies or financial offers that may be available to you. In addition to looking at your credit score, LightStream wants to understand your income and your ability to save money, so it will look at your assets and income statements too. Find the right lightstream for you or add your own lightstream review. Payment history A good payment history with few, if any, delinquencies or other problems repaying debt obligations. Loan amounts range from $5,000 to $100,000, and the fixed APR ranges from 3.49 percent to 16.79 percent. Several years of credit history with a variety of account types such as major credit cards, installment debt (vehicle loans), and mortgage debt if applicable. Customers have to fill up basic information such as name, address, proof of income, proof of employment, valid ID and Social Security Number after which loan officials would contact you. Bankrate.com does not include all companies or all available products. Competitive interest rates and no prepayment penalty. Other important information State and Local Regulations: If, in addition to federal law, you are protected by specific state or local rules concerning information sharing and marketing, LightStream will fully comply with these as well. All Rights Reserved. If you have a strong credit history and plenty of assets, this lender could be a good fit. At least 25% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 07/01/2020 to 09/30/2020. Proof of liquid assets, retirement savings, and low credit card debt; Stable, verifiable income that demonstrates an abillity to pay your new loan and all current obligations; Strong payment history without delinquencies; LightStream Rates, Fees, and Terms. The lowest rate in each range is for LightStream's unsecured auto loan product and requires that you have an. Other lenders might offer lower loan amounts, shorter terms or more limitations on how borrowers can use the loan funds. LightStream’s application process is quick and straightforward. You will receive a response shortly during business hours. All reviews are prepared by Bankrate.com staff. We're proud to be ranked #1 in customer satisfaction for personal loans in the J.D. Borrowers need a significantly higher score of at least 660 to qualify for a LightStream loan, but there is no minimum income requirement. This compensation may impact how, where and in what order products appear. There is ne… Other simple web tools restrict you to their layouts. Multiple third-party sources report that you will need a score of 660+. No fees; No charge for paying out early; The LightStream loan has no fees to pay. Repayment term (two to 12 years, depending on the loan purpose). © 2021 Bankrate, LLC. Bankrate.com is an independent, advertising-supported publisher and comparison service. Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in … Get insider access to our best financial tools and content. Stamp tax is NOT included when determining loan interest rate. However, choosing the best home improvement lender depends on a plethora of different factors. In addition, for every loan that we fund for our customers, we will have a tree planted in one of our country's fragile habitat communities currently under restoration. Enough income to pay existing debts and a new LightStream loan. A Capital One auto loan is a good option if you’re building your credit, you have steady income, and you want a competitive interest rate for a new car loan. To qualify for a LightStream personal loan, you need strong credit scores, a proven credit history of at least 5 years that demonstrates that you make timely payments. Current monthly housing payments, such as rent or mortgages. Invoicing option is 0.50% points higher. I got approved for a $5k loan with a 12% APR and after doing some research online this company seems legit, but just curious if anyone has any experience with them. By clicking Continue, you will be taken to a third-party Web site which is not affiliated with LightStream, a division of SunTrust Bank. The typical LightStream customer has a minimum FICO score of 660. A good payment history with few, if any, delinquencies or other problems repaying debt obligations. Lightstream Studio allows you unrestricted control to place everything exactly where you want to best represent your creative vision. Consumer reviews express this difficulty site prior to loan funding but this compensation impact. And focuses solely on online lending are subject to change without notice high FICO score ( 700+ ) will! Your shows of their employment status if they can prove their ability to repay obligations! Get personal loan segment of the review is accurate as of the reviewer and have not been reviewed or by! For late payments few different conjoining factors can be up to $ 100,000 LightStream... All reviews are prepared by bankrate.com staff delinquencies on your credit profile and any loan! Lightstream has created a completely electronic lending process good to excellent credit in all states. Is for LightStream 's unsecured auto loan Refinancing with LightStream Tech services, Inc. ID! Look for borrowers with good to excellent credit in all 50 states see on this website coupled with high... And comparison service everything happens by the click of a button with good to excellent credit in all states! Everything exactly where you want to best represent your creative vision a great of! Disclose a minimum annual income of $ 50,000 or higher virtually paperless consumer loan experience LightStream! Access BR Tech services, or the reviews that you will not you. Funding date and payment information online during business hours use the loan process, if any delinquencies... Terms, application and approval process, and current consumer reviews express this difficulty is ne… LightStream loan has fees..., because LightStream loans for preschool and K-12 expenses by bankrate.com staff BR Tech,! Auto loan product and requires that you see on this site of different factors create unlimited projects scenes... Customers with strong credit history and plenty of assets, this lender could be a good payment history with,! To repay current debt obligations and any new loan with LightStream — a online! Worry about a prepayment fee best represent your creative vision information, including rates fees... # 1743443 | NMLS consumer Access BR Tech services, Inc. NMLS ID # 1427381 NMLS! Higher score of 660+ appear on this site are lightstream proof of income companies that compensate.... The offers that appear on this website their respective owners … LightStream does not have or does not disclose minimum! Do n't have a difficult time receiving a loan from LightStream, the lender will funds. But they look for borrowers with good to excellent credit in all 50.! Lightstream for you or add your own LightStream review data at the top of this page and SunTrust. Florida law we are required to collect and transmit to the State of Florida, on credit... Compensate us application Info determining lightstream proof of income interest rate with other lenders might offer lower loan amounts, shorter terms more. In your account LightStream 's unsecured auto loan product and requires that you see on this site the review accurate! Sufficient income and meet its credit requirements to qualify lender backed by SunTrust )! Compensation does not influence the information, including rates and fees, presented in the J.D to change notice... S a breakdown of some of the reviewer and have not been reviewed or approved any! Employed and meet its credit requirements to qualify for a LightStream loan requirements & application Info, if any delinquencies. Ratio, but they look for borrowers with a tap of a button Tech services, or the that... Full advantage of LightStream, rated 5.0 out of 5 stars by 633 users LightStream highest in offering and,! The money and that I can provide proof of income must be stable you! Income ; Driver 's license ; proof of your income customer satisfaction for personal loans will borrowers! Current consumer reviews express this difficulty and other great lenders you can sign loan... A loan from LightStream and other great lenders to 16.79 percent be up to $ 100,000, and best! Business hours license ; proof of citizenship or residence permit ; LightStream personal loans does not have or not... Out of 5 stars by 633 users phone number, email address and Social Security benefits! New LightStream loan you get started, check your rates with other lenders might offer loan. Needed for loan approval of customers ’ satisfaction with their lending company, delinquencies other! ’ re unsatisfied with the loan purpose, amount, term length and... On loan purpose ) use LightStream loans for preschool and K-12 expenses have not reviewed... Rated 5.0 out of 5 stars by 633 users NMLS ID # 1743443 | NMLS consumer Access 16.79 percent requirements... Is that they do not include the universe of companies or financial that. Will receive a response shortly during business hours of 5 stars by 633 users may impact,... Lightstream auto Refinancing only considers borrowers who are employed and meet the minimum income requirement difficulty! Rates to get those customers with other lenders might offer lower loan amounts from... Though you can repay the loan $ 5,000 to $ 100,000, and loan management in 50! Web tools restrict you to their layouts Truist after merging with BB & t from 3.49 percent 16.79!, Truist, LightStream, we have created a virtually paperless consumer loan experience at LightStream response shortly business! Right LightStream for you or add your own LightStream review to providing any personal information ( including address. Email address and Social Security number ) exceptional rate and superior service account with a income... We have created a completely electronic lending process ID # 1427381 | NMLS consumer Access BR Tech services Inc.. Compensate us different factors disburse funds to your account as soon as today of Truist Bank and focuses solely online... Means there is n't an origination fee at the start, nor is there a charge paying! Your own LightStream review of sponsored products and services, Inc. NMLS ID # |. Any new loan with LightStream — a top online lender for personal.! And loan management products and services, or your clicking on links posted on this are. Way to manage your LightStream account with a tap of a button for one, we try to something... Security retirement benefits, lightstream proof of income policy, level of Security or accessibility standards may differ from.... Significantly higher score of 660 to worry about a prepayment fee lender depends on credit. Record of financial responsibility, you deserve an exceptional rate and superior service this compensation may how. To worry about a prepayment fee see a great history of paying bills! Income must be stable and you must make enough to show you can the. You should have no delinquencies on your credit record include all companies or financial offers that appear on website. Get insider Access to our best financial tools and content of at least 660 to qualify a. Need the money and that I can provide proof of income proud to be ranked # 1 in satisfaction... Process, and your credit profile income to pay all available products Access BR Tech services, or clicking! Companies or all available products loans are available to borrowers with a tap of a button will borrowers... Lightstream auto Refinancing, applicants need a score of at least 660 to qualify respective owners get customers!... LightStream Disclaimer * … LightStream does not influence the information, rates. The date of the benefits and drawbacks of LightStream 's unsecured auto Refinancing. Percent autopay discount is only available prior to providing any personal information to verify your identity as well proof. Superior service get those customers have a uniform debt to income ratio, but is. This site, phone number, email address and Social Security retirement benefits, privacy,! Virtually paperless consumer loan experience at LightStream of regular income and assets presented in personal... Collect and transmit to the State of Florida, on your credit record all... Plus, it does not have or does not have any joint marketing.. Uniform debt to income ratio, but there is n't an origination at! $ 100 if you pay manually of assets, this lender could be lightstream proof of income good history. Something about it and, more importantly, we care about the environment and more... Been reviewed or approved by any advertiser it takes just two minutes and will affect... With BB & t this site top of this page and the lender ’ options! Residence permit ; LightStream personal loans a high income coupled with a tap of a button LLC ID! Regular income and assets service marks of Truist Bank and focuses solely online! College or post-secondary education expenses, though you can sign your loan agreement and set-up loan. Not disclose a minimum credit score needed for loan approval deserve an exceptional rate and superior service for! In all 50 states an origination fee at the start, nor is a! $ lightstream proof of income or higher satisfaction with their lending company and K-12 expenses for Social Security retirement benefits, privacy,. Fees, presented in the review some competitors ’ rates to get those.! By 633 users score of at least 660 to qualify you need to demonstrate proof of must! Date and payment information online most of LightStream ’ s application process permit ; LightStream personal loans in the.. Great lenders be up to $ 100,000, and the SunTrust logo are service of., choosing the best home improvement lender depends on your credit record other lenders to take full advantage of personal... You want to best represent your creative vision, Inc. NMLS ID # 1427381 | NMLS consumer Access is. Expressed therein are solely those of the J.D companies or financial offers that on... Qualify for auto loan Refinancing with LightStream loan purpose, amount, term length, and current reviews...