No, Marcus by Goldman Sachs does not approve everyone. To qualify for a Marcus by Goldman Sachs personal loan, you need to be at least 18 years old, have a credit score of 730+ VantageScore or a 720 FICO score and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved.
Marcus by Goldman Sachs Personal Loan Requirements
Age Requirement: 18 years old (19 in Alabama; 21 in Mississippi and Puerto Rico)
Credit Score Requirement: 730+ VantageScore or a 720 FICO score
Income Requirement: Not disclosed
Citizenship Requirement: U.S. citizen, permanent resident or immigration visa holder
Bank Account Requirement: Verifiable U.S. bank account
Identification Requirement: Social Security number
Residency Requirement: All states except Iowa and U.S. territories
You can get Marcus by Goldman Sachs personal loan pre-approval through the Marcus by Goldman Sachs website. Marcus by Goldman Sachs pre-approval allows you to see your odds of approval for a personal loan from Marcus by Goldman Sachs, as well as your potential interest rate, and the process will have no impact on your credit score.… read full answer
How to Get Marcus by Goldman Sachs Personal Loan Pre-approval
Enter the loan amount, loan purpose, your name, date of birth, email address, total annual income, monthly housing payment, source of income, and home address.
Click "Find my loan options".
Once you receive your Marcus by Goldman Sachs pre-approval status, you can choose whether or not to actually submit an application. Getting pre-approved does not mean you're guaranteed to be approved if you apply, but your approval odds will be very high.
If you want to consider more options first, you can try out WalletHub's free personal loan pre-approval tool, which checks for pre-approval with multiple personal loan providers at the same time.
Yes, Marcus by Goldman Sachs personal loans are legit because Marcus by Goldman Sachs is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why Marcus by Goldman Sachs personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau. The company also is accredited with the Bureau.… read full answer
Why Marcus by Goldman Sachs Personal Loans Are Legit
Marcus by Goldman Sachs is registered as a business in the states it services.
Marcus by Goldman Sachs has a Better Business Bureau rating of A+.
Marcus by Goldman Sachs has been around since 2016.
Marcus by Goldman Sachs has an average user rating of 2.9/5 on WalletHub.
Marcus by Goldman Sachs personal loans have a rating of 4.5/5 from WalletHub's editors.
Marcus by Goldman Sachs has a secure website, which you can tell by the fact that the URL has "https" in front of it.
While Marcus by Goldman Sachs personal loans are legit, they may or not be the best choice for you. It's important to compare the terms and requirements of Marcus by Goldman Sachs personal loans against your other options before submitting an application.
Yes, Marcus by Goldman Sachs does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Marcus by Goldman Sachs's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the … read full answercredit score simulator on WalletHub.
It's worth noting that some people may be uncertain about whether Marcus by Goldman Sachs does a hard inquiry because there's only a soft inquiry during the pre-qualification process. Soft inquiries do not impact your credit score. But that's just the first step, and a hard inquiry is required when you officially apply.
If not having a hard inquiry is important to you, lenders that don't do a hard pull at all include NetCredit, Integra Credit and OppLoans.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.