Does LightStream have emergency loans?

Applicants need a minimum credit score of 660 to get a personal loan from LightStream. That means the LightStream personal loan credit score requirement is in the fair-to-good credit range, which is on par with most other major personal loan companies.

LightStream’s requirement is relatively easy for most people to meet. The … read full answeraverage credit score is above 660. However, a credit score of 660 will not guarantee that you can get a personal loan from LightStream. One of the other major factors is your income. LightStream does not disclose a minimum. But you will need a steady source of income to get approved. In addition, LightStream will consider other factors such as your recent credit inquires, existing debts, number of open credit accounts and more.

It’s also important to note that while a credit score of 660 gives you a decent chance to be approved for a loan from LightStream, a score that just barely qualifies for approval will likely result in a high APR. LightStream offers loans with APRs as low as 3.99% in some cases. But their highest APR is 17.29%. People with a score of only 660 are likely to get a rate at the top of that range. In addition, while LightStream offers loans ranging from $5,000 to $100,000, people with credit scores right on the borderline of approval will have a difficult time getting approved for high loan amounts.

You can borrow money fast from LightStream, which offers personal loan funding as soon as the same day you apply. Other lenders that let you borrow money fast include Best Egg, Upgrade and FreedomPlus, which all provide funding within a few business days of applying.

Where You Can Borrow Money Fast… read full answer

• LightStream: Same day - 2 business days
• LendingPoint: 1 - 2 business days
• Upgrade: 2 - 3 business days
• OppLoans: 2 - 3 business days
• Best Egg: 3 - 4 business days

Personal loan providers that offer quick loans are the best choices for people in emergency situations who can't afford to wait. But it's worth noting that most personal loan providers offer funding within 7 business days after you submit your application. So if you find a different lender that fits your needs better, it could be worth waiting a few extra days.

Other Ways to Borrow Money Fast

Another way you can borrow money fast is to ask for a loan from a family member or friend. They may be able to get the money to you very quickly, since there won't be any complicated approval process. Just make sure to take the time to write up a simple loan agreement that outlines the terms for paying it back.

Finally, some places you should not use to borrow money fast are payday lenders, auto title lenders and pawn shops. You'll end up paying extremely high fees and interest to borrow money, and it may put your property at risk.

Plenty of lenders offer quick personal loans, including Avant, LightStream by SunTrust Bank, and Marcus by Goldman Sachs. They often give application decisions within minutes and provide funding within 1-2 business days of approval. In rare cases, like with LightStream, you may be able to get your loan funded the same day you apply. But you’ll need to have everything in place by a certain time of day.… read full answer

Examples of quick personal loans:

• Lightsteam by Suntrust Bank: Can approve loans in minutes and usually takes no longer than 24 hours. Same-day funding if you sign and verify the agreement by 2:30 p.m. EST on a business day.
• Avant: Approval is possible in minutes, and decisions are typically made within 48 hours. Funding 1 business day after approval.
• Marcus by Goldman Sachs: Approval is possible in minutes, and most other decisions are made within 2 business days. Funding 1 - 4 business days after approval.
• Wells Fargo: Approval is possible in minutes, and decisions usually don’t take longer than 3 business days. Funding 1 business day after approval.

Those are just a few examples. But even though many lenders offer the potential for quick personal loans, some people will still get approved more quickly than others.

People who exceed the credit and income requirements for a personal loan usually have the fastest approval times. Those who just barely qualify may take longer to receive a decision. And if you accidentally input any incorrect information on your application, the lender will have to contact you to verify the actual details, which could delay things by a few days.

So try to apply for loans where you believe you exceed the qualifications – if you’re pre-qualified, even better. And make sure to fill out the application accurately and truthfully.