LightStream offers large loan amounts and lengthy loan terms, up to 240 months for some loan uses. Its APRs are competitive, its maximum loan amount is $100,000, and it offers same-day funding.

LightStream scores well in all the areas that matter most to most borrowers in our ranking system. Advertised APRs are competitive, there are no origination or late payment fees, and it offers long repayment terms and loan amounts of up to $100,000. If you sign up for autopay, you can shave 0.50 percentage points off of your APR. If you find a better rate on a loan from another lender, LightStream will beat it by 0.10%.

Same-day funding is available (as long as you complete your application by 2:30 p.m. EST). You can also delay funding up to 90 days.

Although LightStream is our top choice, it isn’t the perfect lender. It doesn’t offer loan pre-qualification, which Investopedia considers a vital shopping tool. LightStream is a solid choice if you have good to excellent credit, but you’ll have to shop elsewhere if your credit is fair or poor. Finally, LightStream’s customer service options are limited to telephone support.

LightStream is the online-lending arm of Truist Bank, which was formed by a merger between BB&T and SunTrust Bank in 2019. Truist is headquartered in Charlotte, North Carolina.

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