Marcus by Goldman Sachs Personal Loans Review 2022 | Get $40,000 Personal Loan

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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!


  • 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}


  • 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

The minimum credit score required for Marcus’s personal loans is not disclosed by them. But the reviews of consumers based on the internet have shown that the minimum credit score required for getting approval from Marcus is 670 which is high but they are also providing the lowest interest rates in the market with that credit score.
If you provide basic information, Marcus can conduct a soft credit check and show you what loans you might qualify for.

Offered Loan Amount

The loan amount offered by Marcus’s personal loan is between $3500 to $40,000. The amount you’ll receive is based on your credit score and your creditworthiness. So make sure you have a good credit score when you apply for Marcus’ personal loans.
If you don’t have a good credit score then you should consider these loan lenders which are specially for bad credit people.

Eligibility Criteria 

There are some basic requirements you should fulfill before taking a bad credit loan. Here is the list :
  1. You should be at least 18 years old
  2. You must a valid ID Proof or social Security number
  3. You must be a United States citizen or a permanent resident
  4. You must have a valid active US bank checking account
  5. You have to provide a valid email address and a phone number

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

Marcus does offer fixed-rate personal loans from $3,500 to $40,000. Borrowers can choose a repayment term of 36 to 72 months. which is 3 to 5 years. There is no prepayment penalty or late fees and there are rewards on on-time payments.

Example of the Marcus loan

A four-year, $13,000 loan with an 11.2% APR would cost $337 in monthly payments. You’d pay $3,188 in total interest on that loan.

How to apply for Marcus

To get the personal loan with Marcus what you have to do is just go to the website of the lender.  You’ll be able to view your potential loan options after you provide some basic information. You can also check your loan options and rates without lowering your credit scores since Marcus uses a soft credit inquiry. Just remember that a hard inquiry may be required if you move forward with the application process, which could temporarily drop your credit scores by a few points.
If you decide to move forward, you’ll be directed to the official application process. As long as you have all of your information nearby, the process should only take a few minutes.
The loan application will ask you for the following information:
  • 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
You can also call Marcus to request a paper application. If you’re approved for a loan, your funds will typically be deposited into your bank account in one to four business days after you’ve signed your loan documents and connected your account.
It’s important to note that there are no annual fees, no pre-payment penalties, no-prepayment penalties, no late payment fees, and you can pay off your balance early if necessary without incurring any fees. This makes it really easy to make sure it’s in line with what you expect it to be!

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 NoteMakeHelpOf 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}