1. LightStream Personal Loan
LightStream, part of Truist Financial Corporation, is an online lender providing same-day personal loans with amounts reaching up to $100,000.
You can easily apply for a LightStream personal loan online using your computer, phone, or tablet. Keep in mind that LightStream doesn’t give you advance approval, so you won’t know the interest rate you qualify for without affecting your credit score. When you apply for a loan, it results in a hard credit check, which can lower your credit score.
If you apply during business hours, you can expect a quick decision. While those with good credit are more likely to get approved compared to those with fair credit, approval is not guaranteed. If you finish all the paperwork, complete the final checks, and provide your bank info by 2:30 p.m. Eastern time on a business day, you might even get the money on the same day.
Pros:
- Loan amounts can go up to $100,000.
- Repayment terms can extend up to 12 years for certain loans.
- No fees for loan origination, early payoff, or late payments.
- Offers a discount for autopay.
- Lowest rate and satisfaction guarantee programs are available.
Cons:
- Preferred applicants have a good to excellent FICO credit score and a strong credit history.
- Extra payments are not automatically applied to the principal balance.
- The website does not have a preapproval process.
Flip to the next page to find other best lenders for fast personal loans and fast cash in 2024.
