Loans

Marcus by Goldman Sachs Personal Loans application: how does it work?

If you want to learn how to apply for a personal loan at Marcus by Goldman Sachs Personal Loans, we can help. The application process is easy and pre-qualification doesn’t harm your credit score.

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Marcus by Goldman Sachs Personal Loans: Easy application and flexible loan terms!

Marcus by Goldman Sachs Personal Loans review
How to apply for this loan? Source: The Mad Capitalist.

If you have a good credit score and are looking for a personal loan with fair rates and flexible payments, the Marcus by Goldman Sachs Personal Loans is a solid option. You can get up to $40,000 with a variety of loan terms that range from 36 to 72 months. We’ll tell you exactly how you can take advantage of these terms by showing you how the Marcus by Goldman Sachs Personal Loans application works next.

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Marcus Personal Loans

no fees! fast funding

Get fast funding of up to $40,000 without any fees!

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The Marcus by Goldman Sachs Personal Loans has a fixed APR between 6.99% and 19.99% based on creditworthiness. Best of all, you won’t have to worry about fees since the company doesn’t charge them. If you want to learn how to borrow from Marcus, keep reading this article and we’ll show you how to do it. 

Apply online

The online Marcus by Goldman Sachs Personal Loans application is easy and you can pre-qualify with just a soft credit check. In under four minutes the company will present you with your loan options and you can even get approved in less than a day. Once you’re approved, you could receive your funding in just 3 business days.

First, you need to access Marcus’ official website and click on “review your options”. On the next page, you have to inform the loan amount you need and how much you can afford in monthly installments. Below that field, you’ll need to select a reason as to why you need to borrow the money.

Then, you’ll have to tell the company a little more about yourself and fill in the required fields. This part of the process serves as an evaluation of your financial profile and has no impact on your credit score. After filling all the required information, click on “find my loan options”. 

Marcus will then show you all the offers available to you, including the terms and fixed rates. If you agree to their conditions, you’ll have to provide a little more financial information and officially apply for the loan. After submitting your application, the bank should return with details of your approval and provide you with the documents you need to sign before funding you the money. 

Apply using the app

Marcus by Goldman Sachs Personal Loans review
You can apply for this loan via mobile. Source: The Mad Capitalist.

If you’d rather request a personal loan through the official app, you can. Just download the Marcus by Goldman Sachs® app – available for free for Android and iOS devices – and follow the same steps listed on the topic above. The Marcus by Goldman Sachs Personal Loans application via their mobile app is just as easy and fast as applying through your internet browser. 

Marcus by Goldman Sachs Personal Loans vs. Merrick Bank Personal Loan

If you’d like to know other options before applying for a Marcus Personal Loan, we bring you the Merrick Bank Personal Loan. Even though it offers less benefits than the Marcus loan, the Merrick alternative is available for applicants with a fair credit score. 

See below to learn more details about the Merrick Bank Personal Loan main features and follow the recommended link to check the application process. 

Marcus by Goldman Sachs Personal Loans

  • APR: 6.99% – 19.99% fixed APR.
  • Loan Purpose: Vacation, big expenses and more.
  • Loan Amounts: From $3,500 to $40,000.
  • Credit Needed: Minimum of 660 FICO score required.
  • Origination Fee: Marcus doesn’t charge origination fees.
  • Late Fee: There are no late fees.
  • Early Payoff Penalty: There’s no prepay free.

Multiple personalized credit card offers

Applying won't hurt your credit score

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Merrick Bank Personal Loan

  • APR: 27.99% – 35.99%.
  • Loan Purpose: Not disclosed.
  • Loan Amounts: From $2,500 to $12,500.
  • Credit Needed: At least a 580 FICO score is required.
  • Origination Fee: 5%.
  • Late Fee: Merrick Bank doesn’t charge late fees for this loan.
  • Early Payoff Penalty: There is no early payoff fee. 
Merrick Bank logo

How to apply for the Merrick Bank Personal Loan

This step-by-step guide will take you from zero to money in just a few simple steps.

About the author  /  Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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