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Lightstream Overview
Lightstream is an online lender that provides loans from $5,000 to $100,000 and can be used as debt consolidation loans or any other reason.
Lightstream has the best interest rate compared to other loan lenders in the market. Lightstream allows people to borrow money who have good to excellent credit scores. So the people who have a good credit score and are looking for a big purchase or big amount of loan then they can think of Lightstream as their lender for the personal loan.
Pros
- Loan amount starting from $5,000 – $100,000
- Lightstreem offers lowest interest rate compare to other lenders.
- Lightstreem Offers 0.5% point rate discount for setting up autopay.
- Lightsteam offers no origination, prepayment or late fees.{alertSuccess}
Cons
- There is no Online preapproval on the website
- It Requires several years of credit history.
- Borrowers can access only fixed-rate loans. {alertError}
Debt Consolidation Loan
Annual Interest Rate and Fees
Lightstream offers personal loans with an annual interest rate of 2.49% to 19.99%. These interest rates are entirely dependent upon your credit score and your creditworthiness. If your credit score is good then your interest rate will be low and vice versa.
Talking about fees Lightstream doesn’t charge any fees which means that there will be no origination fees, late fees, or any kind of prepayment penalty.
You can also receive a 0.25% point discount on your interest rate if you sign up for automatic payments which will really help you to pay less interest on your loan.
Minimum Credit Score Required
Offered Loan Amount
Eligibility Criteria
Required Documents
- Valid Identity Proof.
- Have to provide a DOB.
- Valid current mobile number and Email id.
- An active American bank account.
- A social security number
Repayments Terms
Example of the Lightstream loan
How to Qualify For Lightstream
- You should have a minimum credit score of 660.
- you should have several years of credit history.
- You will be able to apply for this loan if you have multiple account types within your credit history.
- You should have investment retirement savings or other evidence of an ability to save money.
- Also, you should have enough income to pay your existing debts and new Lightstream loan.
Who Is This Loan Good For
Editorial Note: MakeHelpOf does not receive any commission from any website or third-party advertisers. This is just a review article based on consumers’ experiences from the internet. It’s accurate to the best of our knowledge when it’s posted. Please read all the information carefully before you make any decision. {alertInfo}