At a Glance
Rates & Fees
Key Features
No fees of any kind — no origination, no late fee, no prepayment penalty
On-time payment reward: skip a payment after 12 consecutive on-time payments (once per loan)
Direct-to-consumer lender backed by Goldman Sachs
Pros & Cons
Pros
- Truly zero fees — origination, late, and prepayment
- Payment deferral reward for a strong on-time payment history
- Backed by a major, well-capitalized bank
Tradeoffs
- No joint or co-signer applications
- Slower funding than some fintech competitors (up to 4 business days)
- Requires good-to-excellent credit for the lowest rates
How to Apply
Check your rate with Marcus by Goldman Sachs — most personal loan lenders let you pre-qualify with a soft credit check that doesn't affect your credit score.
Compare the estimated APR, term, and monthly payment against at least one other lender before committing.
Gather proof of income, identification, and bank account details for the formal application.
Submit the full application directly on Marcus by Goldman Sachs's site; approval typically requires a hard credit inquiry.
If approved, review the final loan agreement for the origination fee and funding time (as soon as 1–4 business days) before signing.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Origination Fee |
|---|---|---|---|
| Marcus by Goldman Sachs Personal Loan | 6.99%–19.99% | $3,500–$40,000 | None |
| LightStream Personal Loan | 7.24%–24.89% | $5,000–$100,000 | None |
| SoFi Personal Loan | 6.99%–35.49% | $5,000–$100,000 | None (optional fee for lower rate) |
| LendingClub Personal Loan | 5.96%–35.96% | $1,000–$75,000 | 0–8% |
Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, income, and loan amount — always confirm current terms directly with the lender.