Marcus by Goldman Sachs Personal Loans Review 2021
Should you use Marcus by Goldman Sachs?
Marcus personal loan amounts range from $3,500 to $40,000 and can be repaid over three to six years, depending on the agreement you strike with the lender.
Marcus' lowest APR of 6.99% is marginally higher than comparable lenders. With SoFi, you can get a rate as low as 6.11%, and LightStream has a minimum APR of 2.49%. You should note that your credit will have to be in good shape to qualify for the best rates with these lenders.
On the bright side, Marcus has roughly the same maximum APR as similar companies. Marcus' top rate is 19.99%, the same as Lightstream's maximum, and SoFi's is slightly lower at 18.85%. Shop around with different companies to see which will offer you the best terms.
Marcus offers unsecured personal loans through Goldman Sachs Bank USA (Member FDIC). Collateral, like a house or a car, isn't needed to get an unsecured personal loan. You can take out a personal loan for a variety of purposes, including debt consolidation, home improvement, and vacations.
Depending on when …
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