Yes, LightStream offers pool loans. LightStream pool loans have APRs as low as 4.99% and can help borrowers get inexpensive, fast financing for a swimming pool. LightStream offers loan amounts ranging from 5,000 to $100,000, which can take care of both small and large pool needs, assuming the borrower has the credit and income to qualify. In addition, LightStream does not charge fees for loan origination, paying bills late, or paying the full loan off earlier than required.
The maximum APR on a LightStream pool loan is 13.79%, which is extremely low for a personal loan’s top rate. It’s also lower than the maximums that LightStream charges on personal loans for most other purposes, such as medical bills. LightStream does not disclose either a minimum credit score requirement or minimum income requirement. However, you will reportedly need a score of 660 to qualify, according to third-party sites.
Some people who apply for a LightStream pool loan may get approved the day they apply, and may also receive their funds that day, too. In all, it usually won’t take more than 2 business days for the entire process. LightStream pool loans last for 24 to 144 months.
Two other details to note: LightStream will give you $100 if you’re not totally satisfied with your pool loan. And they say they’ll beat any competing APR you get approved for by 0.1 percentage points. To qualify for that rate-beat deal, you have to prove that you were approved for a loan with otherwise equal terms “by no later than 2 p.m. Eastern time one business day prior to loan funding.”
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