2021 LightStream Loan Review | Ascension
Low rate guarantee: If you can provide proof that a competing lender offered a lower loan interest rate on the same terms, LightStream will beat it by 0.10 percentage points. On top of that, LightStream’s APR is by far the lowest we’ve found.
Quick financing: The loan application process can be completed online with quick responses during business hours. Approved borrowers can receive funds the same day. It’s one of the fastest turnaround times in the business.
A customer experience guarantee: If you’ve received a loan but aren’t happy with your experience, LightStream wants to hear from you. It will offer you the chance to complete a questionnaire and receive $ 100 for your trouble.
Flexibility: LightStream has very few restrictions on how borrowed funds can be used. Consumers can get loans for most reasons, including paying for medical bills, financing home renovations, buying a car, or consolidating debt. You cannot borrow to finance your education, buy stocks, or refinance existing LightStream loans. Loans are only available to individuals, not businesses.
No fees or penalties for early repayment: You won’t pay any fees with LightStream, even if you want to prepay your loan. Keep in mind the absence of fees when you compare loans. Another lender may offer a lower interest rate, but a LightStream loan could ultimately cost less as there are no pesky fees involved.
Large loans: LightStream offers between $ 5,000 and $ 100,000 in financing to qualified borrowers. In addition, loan terms can range from two years for small loans to 12 years for large sums.
0.50% AutoPay Discount: This is one of the biggest AutoPay rate reductions available.
High customer satisfaction: Customers highly rate LightStream. It is currently # 1 in the JD Power personal loan ranking for customer satisfaction. In an age when we all tell the world what we think is saying something.