The Best Way To Guide Website Review Of LIGHTSTREAM

Overview

Min. Loan Amount:  $5,000

Max. Loan Amount:  $100,000

APR: 5.73% to 19.99%

Interest Rate Type: Fixed

Min. Credit Score: Good to excellent credit

Loan Term: 24 to 84 months

Turnaround Time: Same day

Introduction

LightStream is the best option for people with good to excellent credit. Compared to other personal loan providers,

They provide longer terms, more loan uses, and more significant loan amounts. Additionally, they don't charge costs like exorbitant origination charges.

What is Light Stream?

LightStream is the internet lending division of Trust Bank, which combined with Sun Trust Banks and BB&T Corp. in 2019 to become the seventh-largest commercial bank in the United States. But since 2013,

LightStream has provided unsecured personal loans without fees. In all 50 states and the District of Columbia, the lender has offered loans to nearly 1 million borrowers. You can apply for a loan through the online portal or mobile app on Android and iOS devices.

Some clients receive their loan funds the same business day. Along with a Loan Experience Guarantee, LightStream offers a rate beat program. If you're unhappy with your experience, we'll refund you $100. Even though the procedure is almost paperless, LightStream goes beyond "eco-friendly" by planting a tree for each loan.

How Does Light Stream Work?

LightStream It should take a few minutes to complete the straightforward, four-step online application. Click "apply now" on LightStream's website to apply for a debt consolidation loan.

You can complete the entire process with a reliable internet connection within a few hours. You don't have to go somewhere or shake anyone's hand to gain acceptance. Since LightStream doesn't use preapproval, finding your rate can lower your credit score. Suppose you apply before 2:30 pm, and we determine you are a reliable borrower.

In that case, we will accept your application on the same day and deposit the money into your account before bedtime. Consolidation options range from $5,000 to $100,000, with terms of 24 to 84 months.

Who Can Use the Light Stream?

LightStream personal loans can be an excellent option for those who want to avoid significant fees. Since the organization does not impose origination or late payment costs, It is a fantastic option for borrowers wishing to pay off their loans early because it does not charge a prepayment penalty.

People who require a loan to cover an instant emergency expense may benefit from using this lender because it provides same-day funding. For those seeking a loan with flexible payback options, LightStream is an excellent choice.

How to Request a Personal Loan from LightStream

Please fill out the application form: on the LightStream website once you have decided to utilize them as your lender. You must submit your contact information, financial information, the desired loan period and amount, and other pertinent data.

Wait for Approval: You'll need to wait a few hours to hear back after submitting the application form. LightStream typically provides a same-day response to your inquiry.

Examine the loan agreement: It's essential to review its terms and consider any costs, interest charges, or other penalties that LightStream may be imposing. By doing this, you can prevent long-term financial loss.

What to Do if You Reject by LightStream

You shouldn't worry if LightStream rejects your loan application. Lenders generally only accept personal loans for various reasons, including low credit scores, incomplete information, low-income level, high debt-to-income ratio, and unstable employment.

LightStream will notify you of the decision to deny your loan application. Consider obtaining a credit-building loan or secured credit card as an alternative to rebuilding your credit.

While you may consider reapplying for a personal loan without addressing the factor that resulted in your denial, Money Geek discourages this as it will harm your credit score. Addressing the issue of your original rejection increases the likelihood of getting approval. It would help if you explained the reason for your initial denial to have a higher chance of receiving support.

Pros And Cons

Pros

• There are no fees.
• Quick approval and funding
• dates that you choose yourself
• High 0.5% autopay rate discount
• has a mobile application

Cons

• Not recommended for individuals with low credit scores.
• Thorough scrutiny of the application. Of Stringent credit.
• Exclusively consider applicants with excellent credit.

Conclusion

LightStream is the best option for people with good to excellent credit. They provide longer terms, more loan uses, and more significant loan amounts. Light Stream is the internet lending division of Trust Bank, which, combined with Sun Trust Banks and BB&T Corp.

Even some clients receive their loan funds the same business day. Along with a Loan Experience Guarantee that will match a competitor's offer and then some, Light Stream offers a rate beat program.

Table Of Content

1: Overview

2: Introduction

3: What is Light Stream?

4: How Does Light Stream Work? 

5: Who Can Use Light Stream?

6: How to Apply for a Personal Loan Through LightStream

7: What to Do if You Reject by LightStream

8: Pros And Cons

9: How to Respond if LightStream Rejects You

10: Conclusion