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LightStream: Personal Loan Review

The basics

Estimated APR

7.49% - 25.49%

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.

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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

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.

What Can LightStreams Personal Loans Be Used For?

Permitted usersProhibited users
Home improvementsRefinance any existing loan with Lightstream
Land purchasesFund a cash-out refinance loan
Debt consolidationRefinance previous college or post-secondary education loans
Medical expensesCover college or post-secondary education expenses
Wedding costsFund business loans
Preschool and k-12 expensesPurchase stocks or bonds
Fund illegal activities

This lender is suitable for you if

  • You have a lengthy and good credit history
  • You are looking to borrow larger amounts
  • You are relying on a joint applicant

Pros & cons

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

Do you qualify It can be difficult to get a LightStream loan with a lower credit score, but it is possible. LightStream prefers borrowers with good to excellent credit scores, but it does offer loans to borrowers with lower credit scores. The minimum credit score requirement for a LightStream loan is 660, but this can vary depending on the loan purpose and the borrower's other financial qualifications.s

Before you apply Before applying for a LightStream loan, you should

  • Check your credit score and report. Knowing this ahead of time can help you determine whether you qualify for the loan and estimate your interest rate and loan terms. You can check your credit score here.
  • Get prequalified. Getting prequalified doesn’t impact your credit score, and while it’s not a guarantee of approval, it can help you estimate your monthly payments and when you’ll have the loan paid off. Or you can use a personal loan calculator to determine what APR and repayment term you’ll need to get a loan with a monthly payment you can afford.
  • Have a repayment plan. Once you know what monthly payment you can afford, review your budget and determine how the payments will impact it. Make a plan to cut out other expenses or find another source of income if necessary.
  • Gather your documents. LightStream requires proof of income (like a W-2 or paystub), proof of address, and Social Security number. Having these documents prepared ahead of time can help ensure a smooth and quick application process.

How to apply Apply online by providing your loan information, personal information, and security information. Be ready to answer any potential follow-up questions that LightStream may have for your related to your work, income, or existing history with debt. 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.

How to contact LightStream?

The best way to contact LightStream is to reach out to their customer service contacts through the email [email protected]A response will come sometime during business hours between 9:30am and 7:00pm Easter Time Monday through Friday, as well as noon to 4:00pm on Saturday.

Does LightStream do a hard credit check?

Yes, LightStream will do a hard credit check on a person’s credit history in order to determine their eligibility for a loan. This check will look at a person’s past payment history and any issues that may have existed with that history.

Is it hard to get a personal loan from LightStream?

LightStream may approve your loan the same day you apply, or within one business day. After your loan is approved, you can receive your funds as early as the same day.

How long does it take for LightStream to approve a loan?

LightStream may approve your loan the same day you apply, or within one business day. After your loan is approved, you can receive your funds as early as the same day.


For those who find themselves concerned, rest assured knowing that LightStream is indeed a legitimate service that offers loans for, as they put it, practically anything. LightStream is a division of Truist Bank, an accredited name in the financial industry.

LightStream uses either TransUnion or Equifax when pulling credit scores for applicants to different loans.

Currently, LightStream does not offer prequalification or preapproval for their loans, so it’s best to be certain that you will be approved before applying.

Yes, LightStream offers debt consolidation loans that allow a borrower to combine their existing debt into one single loan so that they only need to worry about one payment, rather than multiple.

Yes, LightStream offers home improvement loans starting from 7.99% APR with AutoPay and excellent credit. These loans can be used for a variety of purposes ranging from pool repair, home repair, both interior and exterior, or even something more specific such as a kitchen remodel.

One thing LightStream is known for in particular is offering unique types of loans, one of which being boat loans. Starting at 8.49% APR with AutoPay and excellent credit, a person can take out a loan to purchase the boat of their dreams. Alternatively, a person can consider simply refinancing their boat using LightStream as well.

Starting at 8.49% APR with AutoPay and excellent credit, LightStream does indeed offer RV loans that the average person can take advantage of to make their purchase. Whether you’re planning a classic family road trip or are simply looking to get a new ride, LightStream can help.

In addition to RV loans, LightStream also offers numerous different types of car loans, such as classic car loans, older vehicle car loans, and standard car loans. On top of this, LightStream even offers used car loans that start at a mere 8.99% APR with AutoPay and excellent credit.

Another benefit of LightStream is the fact that they offer specialized loans for motorcycle drivers that a person can use to purchase the bike of their dreams.

LightStream only offers unsecured loans, which means a person does not need to put down any type of collateral in order to take out a loan.

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