LightStream, a division of Truist, offers unsecured personal loans with a highly competitive fixed APR ranging from 6.24% to 24.89%. Loan amounts run from $5,000 to $100,000, catering to borrowers with good to excellent credit. There are no origination, late, or prepayment fees, adding substantial appeal for those looking to manage large expenses, perform home improvements, or consolidate debt. Automatic payment discounts are available, making the already low rates more accessible.

How to Apply for LightStream Personal Loan

Start the application online, which only takes a few minutes and provides a quick response during business hours. If approved, you’ll review and e-sign your agreement.

You then schedule your funding—either the same day if all steps are completed by early afternoon, or you can select a later date. Funds are deposited via bank transfer; there’s no need to visit a branch.

The process is fully digital, requiring your personal, financial, and employment info. Joint applications are accepted, and both applicants’ credit profiles are considered equally.

Once your funds are disbursed, you can manage your account online—view statements, make payments, or update your details on the self-service portal.

Top Advantages of LightStream

The absence of fees across the board (origination, late, prepayment) truly sets LightStream apart. This allows for transparent planning with no hidden costs.

Another major plus is the Rate Beat program: if you receive a lower rate offer from a competitor, LightStream will beat it by 0.10 percentage points.

Potential Drawbacks

These loans require good to excellent credit—applicants without a strong financial history may not qualify.

Additionally, funds cannot be used for business purposes or to refinance existing LightStream loans, potentially limiting some borrowers’ flexibility.

Final Verdict

LightStream’s personal loan stands out for those with solid credit who value low rates, no fees, and a fast, easy application. It’s an excellent option for qualified borrowers seeking flexibility and reliability.