You can apply for a loan through a variety of banks and companies. However, with Lightstream, this process is much easier and more convenient than you may be used to.
In this article, we will be discussing everything that there is to know about taking out a Lightstream loan, including how you can apply and a few main features. More so, we will mention why this bank may be the best option for you.
- What Is a Lightstream Loan?
- How to Apply
- Taking Out a Loan
- About the Bank
- Rates and Fees
- Loan Terms
- Why Choose a Lightstream Loan?
- The New Lightstream App
What Is a Lightstream Loan?
Lightstream is a division of SunTrust bank. This branch is responsible for handing out loans to clients and customers who earn sufficient monthly incomes and who have decent credit scores.
When it comes to taking out a loan for practically anything, Lightstream may just be the best way to go.
This company has developed a very good reputation over the years. With low fixed interest rates from between 2.49% and 19.99%, you will be sure to get the most out of your investment.
These loans are also incredibly easy to apply for, making them a good option for just about anybody.
What Can this Loan Be Used to Fund?
As we have already mentioned, Lightstream loans can be used for anything.
On the website, you can select exactly what you will need the money for.
The options include buying a car, renovating your home, debt consolidation, medical needs, travel, wedding arrangements, etc.
How to Apply
As we have already mentioned, it is incredibly easy to apply for one of these loans. In fact, the user-friendly nature of the website is what draws many customers.
For this reason, if you need a loan quickly, Lightshare may be the way to go. In order to apply, you will need to start by visiting the official Lightshare website.
Once here, you will find an ‘Apply Here’ button in the top right-hand corner of the screen. This button will lead to you a form that asks for personal information and loan details.
Once this form has been filled out, your credit score will be checked in order to determine whether or not you qualify for a loan.
Your Credit Score
When it comes to taking out a loan, your credit score is of utmost importance.
In short, a credit score is a number between 300 and 850 that determines how worthy a customer is of a loan.
In other words, it determines their creditworthiness. All banks refer to this number when giving out loans.
Taking Out a Loan
We already know that Lightstream loans can be used to pay for a number of goods or services.
However, you will also need to make several other important decisions when asking for a loan from SunTrust.
For starters, you can ask for a specific amount of money, ranging from $5000 to $100 000.
On top of this, the interest rate you will have to pay after the loan has been taken out will depend on how long it takes you to pay it back.
Select Your Loan Term
For this reason, you will need to state exactly how long you will need to repay the money.
If you visit the official Lightstream website, you will find a table that depicts the different interest rates based on the amount of time the loan has been taken out.
It is recommended that before taking out a loan, you check this table in order to ensure that you will be able to pay back the loan on time.
About the Bank
SunTrust is a massive bank in the US. The company has been around for many years and has built a very good reputation because of this.
SunTrust is especially known for being extremely helpful when it comes to assisting clients and providing them with the information they need when it comes to paying back loans.
If you ever have any issues with your loan, it is recommended that you contact the bank directly. They should be able to assist if you are unsure about anything.
More so, if you require additional time in order to pay back your loan, you will need to inform the bank so that they can adjust your interest rate accordingly.
Bank Contact Details
If you wish to contact SunTrust bank, you can simply view their contact details on their official website.
You can call them using the following number: 1-800-786-8787. You can send them mail to: PO Box 117320, Atlanta, GA 30368-7320.
However, you can also send the bank a direct message using their new online banking app.
Rates and Fees
As we have already mentioned, the interest rate that you will have to pay on your loan depends on the amount taken out and how long it is taken out for.
In order to determine what your exact fees will be, be sure to insert your information into the rate calculator on the website.
This will tell you exactly what you will have to pay every month in order to pay back the loan on time.
Choose Your Loan Amount
It is important to note that you can select a value between $5,000 and $100,000 when taking out a loan.
However, if you ask for $100,000 and your credit score is low, you may not receive the money.
In other words, your credit score determines how much cash you will be able to borrow, if any at all.
As with any loan, LightStream includes a number of terms that you should take note of. For starters, the interest rate given to you by the bank is fixed.
These are also simple interest loans, and you will not have to pay any fees or prepayment penalties.
It is also important to note that no loan proceeds may be used to repay any existing loans with SunTrust.
In other words, you cannot use a loan to repay another loan.
Find Out More on the Website
Any loans taken out in the state of Florida will be subject to Documentary Stamp Tax. This tax amount will not be included in the APR.
If you wish to find out more about the LightStream loans, be sure to check out their official website.
You can also find additional information on the LightStream banking app.
Why Choose a Lightstream Loan?
There are a number of reasons as to why you should consider Lightstream if looking for a loan.
For starters, they are extremely easy to work through, and you will receive your cash in no time at all. More so, their interest rates are relatively low when compared to other loan companies.
With Lightstream, you can easily manage your account through their new online banking app.
However, if you do not have the app, you can log into your account on their secure and easy-to-access website.
Easy, Convenient and Trust-Worthy
SunTrust bank is also very easy to contact, and they will help you with any issues that you may have.
If you are searching for a trustworthy company, look no further than Lightstream and SunTrust.
With low, fixed interest rates, this loan may be the best option for you.
Lightstream believes that clients who have a track record of financial responsibility should be rewarded when it comes to taking out new loans.
For this reason, if your credit score is good, you will experience a number of additional benefits and services.
Lightstream will not accept your loan application if your financial history is questionable. It is important to remember that all Lightstream customers share the following characteristics.
- They have several years of credit history with a variety of different account types
- They have the ability to save evidence
- They have a stable and reliable income that ensures they will be able to repay loan installments on time and in full
On top of this, it is very important that Lightstream customers have a good payment history.
In other words, they should have very few (or none) delinquencies when it comes to repaying debt obligations.
The New Lightstream App
As we have already mentioned, Lightstream has recently come out with a new online banking app.
This makes it much easier to perform a number of tasks associated with your loan. The app is also incredibly easy to use and access.
For starters, this app can be used to make monthly payments to the bank.
On top of this, it allows users to monitor account balances and check when their next loan installment due date is.
Manage Your Lightstream Account
Managing your account is very important if you have recently taken out a new loan.
For this reason, it is recommended that you download the Lightstream banking app.
You will even be able to apply for a new loan using the app, making the process that much easier.
If you wish to take out a loan, Lightstream may be the best option for you. This company can be used to borrow money for a number of goods or services.
If your credit score is sufficient, you should be approved for a loan ranging from $5000 to $100 000. Lightshare also has a new online banking app that makes it easy to manage your account.