Marcus by Goldman Sachs’s requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a Marcus by Goldman Sachs personal loan.
Marcus by Goldman Sachs Requirements for Borrowers
Credit Score: 730+ VantageScore or a 720 FICO score
Income: Not disclosed
Age: 18 years old (19 in Alabama; 21 in Mississippi and Puerto Rico)
Citizenship: U.S. citizen, permanent resident or immigration visa holder
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: All states except Iowa and U.S. territories
Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.
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.
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