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Marcus by Goldman Sachs Personal Loans Overview
Marcus by Goldman Sachs offers personal loans, credit cards, mortgages, and other financial products. As one of the big banks, Marcus offers competitive rates on its products and excellent customer service.
Marcus offers personal loans from $3,500 to $40,000 with the lowest APR and flexible repayment terms. Read this review to find out the interest rates and credit score requirements!
Pros
- Loan amount starting from $3,500 to $40,000
- Marcus does not charge any fees on its personal loans..
- Marcus Charges No application, origination, prepayment-penalty or late fees
- Direct Payment for debt cosolidation{alertSuccess}
Cons
- Marcus do not accept Co-signers.
- Qualifying criteria are not disclosed upfront.
- Solid credit scores typically required for competitive rates. {alertError}
Marcus Loans can be used as Debt Consolidation Loan
Marcus loans are mostly used for Debt consolidation because Marcus provides a low APR than other lenders which are 6.99% to 19.99%. So it is a good option to choose Marcus loans to consolidate a loan. Whereas you can also use the money for many useful options like :
- Home improvement,
- Moving and relocation,
- your wedding planning, and
- major purchases.
Annual Interest Rate and Fees
The Marcus charges do not charge for any kind of application fees or origination fees. They offer a very low APR which is 6.99% to 19.99%. The APR entirely depends upon your credit score and your creditworthiness.
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 Marcus loan
How to apply for Marcus
- Full name and address
- Date of birth
- Email address
- Total annual income
- Monthly housing payment
- Intended use of the loan
- Proof of income
- Social Security number, individual tax ID, or photo ID
Who is this loan good for
- Marcus personal loans are good for those people who have a good credit score and who want non-fee personal loans.
- For those people who want a completely online process for their loan.
- People who don’t need a co-signer.
- People who are looking for automated debt consolidation payments.
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}