Light Stream: Personal Loan Review

Personal LoansPersonal Loan ReviewsLight Stream

Light Stream:
Personal Loan Review

The basics

Estimated APR

5.95% – 19.99%

Min. credit Score


Max. DTI Debt to Income Ratio

Origination Fees


Late Penalties


Prepayment Fees


Good for: Offers, Highest loan term, No fees

Our verdict

Light Stream offers personal loans with no fees and low fixed rates. The SunTrust division offers $100 back if customers aren’t satisfied within the first 30 days and guarantees that it will beat any qualifying rate, with a few restrictions. But there’s no option to prequalify, and you’ll need a strong, lengthy credit history to be eligible for a loan.

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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

1 business day

BBB Rating



J.D Power 2019 U.S. Personal Loan Satisfaction Study, Customer Satisfaction Index


Full review

Lender description Light Stream is a national online consumer lending division of SunTrust Bank—which has merged with BB&T to form Truist—that gives customers the ability to focus on their purchase as opposed to their financing.

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 (up to $100,000)
  • Allows cosigners or coborrowers
  • No prepayment penalty
  • No prequalification option
  • Requires several years of credit history
  • High minimum loan amount ($5,000)

Most suitable for

  • Consumers with a lengthy and good credit history
  • Consumers looking to borrow larger amounts
  • Consumers who need a cosigner or coborrower

How to qualify Light Stream requires “good credit,” which it loosely defines as having several years of credit history with a variety of account types and few to no delinquencies. Light Stream also looks for evidence of an ability to save and proof of a stable income.

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.

COVID-19 resources Light Stream has a coronavirus resource page that includes information on payment deferrals for those experiencing financial hardship because of COVID-19.

Footprint Light Stream is available in every U.S. state except Rhode Island.

Loan example Monthly payments for a $10,000 loan at 3.49% APR with a term of three years would result in 36 monthly payments of $292.98.