Lightstream is the lending division of Truist offering an unsecured personal loan for borrowers between the ranges of $5,000 to $100,000. They have a high loan maximum compared to other lenders with repayment terms between 2 to 7 years.
If you want to spread out large expenses over a long period of time, Lightstream is a great option. Their minimum credit score requirements are 660 or above with an APR range of 5.99% to 21.49%.
Lightstream is a great lender for emergency loans overall because they offer same day funding. Emergency loan lenders at Lightstream with evaluate your credit history through a soft credit check, including any bank account you have open under your name.
If you have a strong credit profile, Lightstream is an attractive option since the pre-qualification process is minimal. For anyone that might struggle to get an emergency loan, Lightstream allows borrowers to apply with a co-applicant to increase their changes of approval.
If you choose Lightstream as one of your online lenders, you can use your personal loan for a variety of purposes including car improvements, home renovations, medical bills, timeshares, land, or financial aid.
Although there are plenty of benefits to Lightstream, it might not be the best option for anyone that struggles with their credit. The majority of emergency loan borrowers from this lender have a high credit score and thorough financial history.