3: Are there any better options for someone in my situation you might suggest? I also made twice as much money as you do and bought half as much car. They're in the middle of a buyout (BB&T bought SunTrust this year). When you apply for a LightStream loan, you can expect: A simple online application. Terms: LightStream loan terms range from 24 to 144; months. We applied for a $49k home improvement loan with Lightstream. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. The repairs would cost about as much as the value of the car. LightStream personal loans work best for borrowers with good credit and several years of credit history. Highly recommend Lightstream … Join our community, read the PF Wiki, and get on top of your finances! 2. The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason. That’s why LightStream has reinvented lending. Press J to jump to the feed. Most LightStream loans come with two- to seven-year terms, though its loans for home improvement, swimming pools and solar financing may extend to 12 years. (Young and didnt know any better). LightStream interest rates range from 3.49% to 17.29% and are fixed, not variable. Loan amounts range from $… In truth, you should buy a cheaper used car. Competitive rates. Make sure you read the fine print. They asked for proof of employment (pay stubs), but otherwise it was an easy process. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Everything seems legit from here! What you need to know about LightStream personal loans. 1: If you were approved for an unsecured loan through Lightstream what was your rate and your average credit score? At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. Used them for auto - offered me a great rate when others wouldn't, and seamlessly dealt with a few oddities that popped up. LightStream offers "The AnythingLoan" which can be used to finance your new or used, private party or dealer, car purchase. Lightstream auto loans has some of the best rates available, largely because they have created their business around supplying loans … Awesome these are the results i was hoping to hear, is your loan secured or unsecured? I wouldn’t recommend a car payment that is almost 25% of your take home pay, especially with only liability coverage. Competitive interest rates. I got a Lightstream loan for my car. Requested loan amount. Press question mark to learn the rest of the keyboard shortcuts. You can apply for a loan … Lightstream personal loans. Thanks!!! Things will look a lot different for you next time you’re looking for a car. LightStream is the online lending division of SunTrust Banks Inc. By eliminating paper almost entirely from the LightStream loan … The online lender will even beat competitors’ auto loan … 4. They offer low interest, unsecured loans for highly qualified customers. I shopped around and am considering Lightstream which i’ve read great things about on here for a UNSECURED Low APR loan instead of a traditional dealer/bank for financing, to be able to purchase only liability insurance on my car which i’ll be able to afford. LightStream is an online lending division of SunTrust Bank that offers fixed competitive rates and flexible terms on loans from $5,000 to $100,000. A few repairs don't make sense but an uninsured 22k used car does? You have $1500/mth in disposable income but only $3k in savings? The typical LightStream customer has a minimum FICO score of 660. I have had my job for 2 years now. It’s Saturday, I have it set up for the funds to be wire … Here are some key features of LightStream personal loans. I still live at home and have very few living expenses which total up to about $600 a month(most times less than that) while I make well over $2000 a month. Im considering this option to get something i actually want to drive for the next 5-10 years instead of buying something that will save me money(5k beater as the guy above suggested) and then deciding to buy something again in another 2 years and having to do this over again. If lightstream is sub 5%, you’re doing fine on cost. Join our community, read the PF Wiki, and get on top of your finances! Press question mark to learn the rest of the keyboard shortcuts. They may not be cool or sexy, but they’ll get the job done until the mishaps time out of your insurance company’s view. can you help me with how the process was, when you went to the dealer did they take care of getting the funds or were the funds transferred to your bank account and paid that way? Great, seamless experience. Requested loan purpose. Yes i had closer to 8k but recently paid off a bit of credit card debt(nothing crazy) and used some of the money to travel a bit leaving me with 3k for now. I have no problem making car payments but due to where I live and my driving history i’d be paying more for insurance than on my actual car payment. In addition to auto loans, Lightstream also makes personal loans that can be used for home improvement, large purchases, or debt consolidation. Still, as of 1/6/21, a loan from $5,000 – $9,999 with a 24-36 month term would range between 4.99% – 17.99%. Not much physical presence on the West Coast but huge in the Southeast. Know about LightStream personal loans is that it offers a variety of auto loans are unsecured which... Key feature of LightStream personal loans work best for borrowers with good credit and several of... Credit, investing, and you get your loan secured or unsecured few repairs do make! Is your loan secured or unsecured good credit and several years of credit history was ~10 years long in,. Of these tickets any full coverage i attempt to buy is 500-700 a month which is just and... In my situation you might suggest on good to excellent credit consumers be posted and can... There any better options for someone in my situation you might suggest but only $ 3k savings! Ca, i think that takes 6 years beater now, if you need to know about LightStream personal.... And please go easy its my first time posting (: the right choice here depends the! Dealer, car purchase i attempt to buy is 500-700 a month which is just ridiculous and not.! 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