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Advertiser Disclosure

LightStream: Personal Loan Review

The basics

Estimated APR

6.99% - 23.99%

Min. Credit Score


Max. DTI Debt to Income Ratio


Origination Fees


Late Penalties


Prepayment Fees


Good for: Offers longest loan term, no fees

Our verdict

LightStream offers personal loans with no fees or penalties and low fixed rates. They prefer borrowers with excellent credit score, and you'll need a strong, lengthy credit history to be eligible for a loan.

Beyond the basics

No fees

Autopay discount
Rate Beat program

Fast funding

Loan Amounts

$5,000 to $100,000

Loan Terms

24-144 months

Time to Funding

Same day funding available (conditions apply)

Full review

Lender description LightStream is a division of Truist Bank. LightStream believes that good-credit customers deserve a fast and easy loan process, award-winning service and excellent rates.

Best used for

  • Debt consolidation
  • Home improvement
  • Family life
  • Recreation
  • Auto loans

Pros & cons

  • No fees
  • Low starting interest rates
  • Fast approval and possible same-day funding
  • High loan amounts available
  • Offers joint application
  • No prepayment penalty
  • Prefers borrowers with excellent credit

Most suitable for

  • Consumers with a lengthy and good credit history
  • Consumers looking to borrow larger amounts
  • Consumers relying on a joint applicant

How to qualify LightStream requires good credit, which is loosely defined as having several years of credit history with a variety of account types and few to no delinquencies. LightStream may favor applicants with stable income and high savings.

How to apply Apply online by providing your loan information, personal information, and security information. Then accept and e-sign your loan agreement, and receive funding as early as the day you're approved.

Footprint LightStream is available nationwide.

Loan example Monthly payments for a $20,000 loan at 6.99% APR (applicable with autopay and excellent credit) with a term of 3 years would result in 36 monthly payments of $617.00.