What bank does LightStream use? This question is about LightStream

What bank does LightStream use?

This question is about LightStream

Grace Enfield, Content Writer

@grace_enfield • 07/22/22 This answer was first published on 07/22/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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LightStream uses Truist Bank to fund personal loans. The company offers loans of $5,000 - $100,000 with APRs of 7.99% - 25.99%, depending on an applicant’s creditworthiness, and gives borrowers 24 - 84 months to repay their loans. You will need a credit score of 660+ to qualify.

Key Things to Know About LightStream Personal Loans

Loan Amounts: $5,000 - $100,000
APRs: 7.99% - 25.99%
Repayment Periods: 24 - 84 months
Credit Score Requirement: 660+
Late Fee: $0
Origination Fee: $0
Prepayment Fee: $0

For more information, check out the full LightStream review on WalletHub.

Does LightStream offer pre-approval?

Yes but you must have a good payment history with your other creditors.

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What kinds of loans does LightStream let you refinance?

LightStream lets you refinance car loans, boat loans, timeshares, credit card debt and more. Each of these categories has its own APR range, and the APRs run from 3.99% to 17.29% overall. LightStream also offers general “debt consolidation” loans for refinancing debts that don’t fit into any of those categories. But keep in mind that refinancing any type of debt is only worth it for people who qualify for a lower APR than the one...

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What credit score do you need for a LightStream personal loan?

Applicants need a credit score of 660 to get a personal loan from LightStream, according to multiple third-party sources. That means the LightStream personal loan credit score requirement is in the fair credit range. To put this in perspective, most other lenders' credit score requirements for personal loans range between 585 and 700.

Keep in mind that just having a 660 credit score is not enough to qualify you for a LightStream personal loan....

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