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Marcus by Goldman Sachs: Personal Loan Review

Updated: August 3, 2022

The basics

Estimated APR

6.99% - 19.99%

Min. Credit Score


Max. DTI Debt to Income Ratio


Origination Fees


Late Penalties


Prepayment Fees


Good for: Flexible loan terms, no fees

Our verdict

Personal loans from Marcus by Goldman Sachs include several incentives and offers, including no fees, an on-time payment reward, and an autopay discount. They are designed for borrowers with high credit scores and don't allow cosigners or co-borrowers

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Beyond the basics

No fees

Track loan progress with mobile app

Fixed interest rates

Autopay discount
On-time payment reward

Loan Amounts

$3,500 to $40,000

Loan Terms

36-72 months

Time to Funding

Up to 5 days

Full review

Lender description Marcus by Goldman Sachs, a product of Goldman Sachs Bank USA, offers no-fee personal loans with fixed interest rates. In addition to personal loans, Marcus also offers high-yield online savings accounts.

Best used for

  • Debt consolidation
  • Home improvement
  • Wedding
  • Moving and relocation
  • Vacation

Pros & cons

  • Flexible loan terms, including options to change your payment date and choose an affordable monthly payment
  • No application, origination, or pre-payment fees
  • On-time payment reward allows you to defer a payment without accruing additional interest (after you make 12 or more consecutive, full monthly payments on time)
  • Autopay rate discount of 0.25%
  • Direct payment to creditors with debt consolidation loans
  • Doesn't allow cosigners or co-borrowers
  • Undisclosed eligibility requirements
  • High credit score requirements

Most suitable for

  • Consumers with good-to-excellent credit scores
  • Consumers looking for more than one loan at a time
  • Individual loan applicants

How to qualify You'll need to be at least 18 years old (in most states) with a valid U.S. bank account.

How to apply Apply online, via phone, or through the Marcus mobile app. You'll need to provide your social security number or individual tax return ID number. You also may be asked to provide proof of employment, identity, and/or income. Users can see their loan options without affecting their credit score.

Footprint Marcus is available nationwide.

Loan example For a five-year $20,000 personal loan at an APR of 13.5%, you'd make 60 scheduled monthly payments at an estimated $460 and pay just over $7,600 in interest over the life of the loan.