Explore LightStream's tailored debt consolidation loans designed for borrowers with excellent credit. Learn about competitive rates, flexible terms, and application procedures to streamline debt repayment and improve financial stability. Always seek professional advice before making financial decisions.

Comprehensive Overview of LightStream's Loan Solutions for Debt Relief

LightStream, a division of SunTrust Bank operating digitally, offers specialized debt consolidation and credit card refinancing options for individuals with excellent credit and low debt-to-income ratios. To qualify, applicants must have a minimum credit score of 720.

The platform provides competitive fixed interest rates on unsecured loans, enabling borrowers to lower their monthly debt payments. Funds are strictly designated for the purpose specified during application, with no provisions for alternative uses.

These loans cannot be used to pay off existing LightStream debts or to fund business ventures.

They allow consumers to combine multiple credit card debts or interest payments into a single monthly installment, with loan amounts ranging from $5,000 to $100,000. Repayment terms include options like 24-36 months, 37-48 months, up to 73-84 months. The fixed interest rate offered varies based on the applicant’s credit profile and selected repayment period.

For instance, interest rates can be as low as 5.49% APR for loans between $10,000 and $24,999 over 24 to 36 months, especially when automatic payment is set up. Without autopay, a 0.5% fee is added. The application process is simple, fast, and often results in same-day approval. Applicants need to provide details such as their social security number, date of birth, and contact information. There are no origination, prepayment, or late payment fees.

Important:

The information provided here is based on research, data, and expert opinion but may differ depending on individual circumstances and lender policies. Financial conditions change over time, so it's advisable to consult a financial advisor before proceeding. We do not assume responsibility for inaccuracies or differing opinions elsewhere.