LightStream
LightStream offers low fixed rate, simple interest fully amortizing installment loans with no fees or prepayment penalties, catering to good-to-excellent credit profiles.
Loan Services Offered by LightStream
LightStream provides low fixed rate, simple interest fully amortizing installment loans. These loans have no fees or prepayment penalties, allowing customers flexibility in managing their repayments. Loan terms range from 24 to 240 months, depending on the type of loan. The company offers a discount on rates with AutoPay, available only prior to loan funding. It's important to note that loan proceeds cannot be used to refinance any existing loan with LightStream.
LightStream Credit Requirements
LightStream requires several years of credit history with a variety of account types for loan approval. The company approves loans only for applicants with good-to-excellent credit profiles. While the maximum Annual Percentage Rate (APR) is not specified, it is subject to credit approval, ensuring that only those with strong credit histories can avail of their loan services.
AutoPay Option Details at LightStream
LightStream's rates quoted include an AutoPay option, which provides a reduction in the interest rate. The invoicing option results in a rate that is 0.50% points higher than the AutoPay option. For those opting for AutoPay, the discount is only available before the loan is funded.
Environmental Initiatives by LightStream
LightStream partners with American Forests to plant a tree for every loan funded. This collaboration has resulted in the planting of over a million trees, highlighting LightStream's commitment to environmental sustainability. This initiative demonstrates the company's dedication to contributing positively to the environment through its lending services.
Customer Service and Application Processing at LightStream
LightStream offers customer service from Monday to Friday between 9:30 a.m. and 7 p.m., and on Saturday from Noon to 4 p.m. Eastern time. Application processing is available from Monday to Friday between 10 a.m. and 6 p.m., and on Saturday and Sunday from 1 p.m. to 6 p.m. Eastern time. Also, loan funds can be disbursed as soon as the same day if certain conditions are met by 2:30 p.m. Eastern time on a banking business day.