How does LightStream work?

LightStream operates as a division of SunTrust Bank, providing personal loans to qualified individuals for various purposes such as home improvements, debt consolidation, and major purchases. The process begins when a prospective borrower visits the LightStream website and completes an online application. This application gathers essential information, including the borrower's credit history, income, and loan amount desired. Once the application is submitted, LightStream conducts a comprehensive review, primarily focusing on the applicant's credit profile. They are known for offering competitive interest rates and flexible repayment terms, often rewarding borrowers with good to excellent credit histories. If approved, the borrower typically receives funds quickly, often on the same day, allowing for immediate use. LightStream also emphasizes a customer-centric approach with its Transparent Pricing Model, which means borrowers can easily see estimated rates based on their creditworthiness. Additionally, the company does not charge origination fees, which is an attractive feature for many individuals seeking loans. For more details on specific terms and conditions, it is advisable to consult the current information available on the official LightStream website.