LightStream Reviews

You can get a personal loan from LightStream to cover a wide range of different reasons. It allows you to borrow between $5,000 and $100,000. The typical repayment terms are usually between 2 and 7 years. Typically, borrowers will need to have a credit score of at least 660 in order to qualify.

The APR that you get for your loan depends on numerous factors, including your credit history and current income level. There is a discount on your APR if you set up autopay. LightStream does not charge any application fees, origination fees, late fees, or prepayment fees.

Unlike most auto loan providers, LightStream has no restrictions on vehicle requirements as the vehicle is not used as collateral for the loan. Therefore, you could use your auto loan for a broader range of vehicles than standard auto loans, from trucks to RVs and everything in between.

LightStream states that a personal auto loan can be used for the following purposes:

• New auto purchase
• Used auto purchase from the dealer
• Used auto purchase from individual
• Auto lease buyout
• Auto loan refinance
• Motorcycle purchase or refinance

Loans can be taken out between 24-84 months, but the loan term cannot be changed after it has been entered into. LightStream has a higher minimum loan amount compared to most auto loan providers of $5,000, with a maximum amount that you can borrow of $100,000.

A minimum credit score of 660 is required, meaning your credit score will need to be good or excellent to be eligible. This figure is higher than most auto loan providers. APRs vary from 5.99 to 11.49%, which is very competitive.

Overall, the loan terms are pretty good and worth pursuing if you meet the credit score requirements. While the APR is competitive in the marketplace, make sure you are happy with your repayment term, as you will not be able to change this later.

As LightStream does not offer defined business loans, you will be looking at similar offerings to what you get with personal loans. Generally, you will be able to get loans of between $5,000 and $100,000. A typical repayment time period for a LightStream loan will be 2-7 years, while a credit score of at least 660 is going to be necessary.

The APR that you receive for your loan is going to be dependent on different factors such as your revenue and credit history. There is an autopay discount available at LightStream. No application fees, late fees, prepayment fees, or origination fees are charged.