Grace Enfield, Content Writer
@grace_enfield
LightStream may approve you the same day you apply or within 1 business day. After your application is approved and you accept the offer, it takes 1 business day to receive your funds, which LightStream will send to you by electronic bank transfer.
Key Things to Know About LightStream Loan Approval
- Minimum Credit Score: 660+
- Approval Timeline: 1 business day
- Funding Timeline: 1 business day
- Fund Delivery Method: Electronic bank transfer
- Loan Amount: $500 - $4,000
- APR: 7.44% - 25.39%
- Repayment Period: 24 - 144 months
- Origination Fee: 0%
If you think a LightStream loan is right for you, check out the full LightStream personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.
People also ask
How long does it take to get money from a LightStream personal loan?
It takes 1 to 2 business days to get money from a LightStream personal loan, in most cases. The LightStream loan timeline includes around 1 business day to get approved for a LightStream loan and another as soon as the same day you are approved (conditions apply) to receive the funds after approval. Keep in mind that this is a typical applicant’s experience, and in some cases it could take longer.
How to Get Money From LightStream as Fast as Possible
- Fill...
Does LightStream do a hard inquiry?
Yes, LightStream does a hard credit 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.
LightStream'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...
read full answer by Rick Bormin, Personal Loans ModeratorIs it difficult to get a LightStream personal loan?
It is difficult to get a LightStream loan because there's a hard credit check and you need a good or excellent credit score of 700 or higher to have high approval odds. You also need to meet other LightStream loan requirements like being 18+ years old, having an SSN, and having enough income to afford monthly loan payments.
LightStream Personal Loan Requirements
- Minimum Credit Score: 700
- Age: 18+ years old
- ...
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