LightStream | Auto Loan

4.0

LightStream offers unsecured auto loans up to $100,000, ideal if you want fast funding without using your car as collateral.

Loan Details

Loan Amount $5,000 - $100,000
APR From 6.49% - 15.49%
Min Credit Score 660

Rates by Type

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	New/Used Car Loans	Private-party	Refinancing	Lease Buyouts
APR	6.49% - 15.24%	6.74% - 15.49%	6.74% - 15.49%	6.74% - 15.49%
Loan Amounts	$5,000 - $100,000	$5,000 - $100,000	$5,000 - $100,000	$5,000 - $100,000
Loan Terms	24 - 84 months	24 - 84 months	24 - 84 months	24 - 84 months

Disclaimer: We are an independent information site, not an insurance company. All figures are estimates for comparison only; table data represents full coverage premiums. Please verify final quotes and terms directly with the insurer.

Pros & Cons

Pros

No fees or prepayment penalties.
Competitive rates for qualified borrowers.
Funds can be used for private-party purchases.
Offers a simple online application process.

Cons

Best rates require strong credit.
No in-person branches.
Not available for all vehicle types.
Approval depends on credit and income profile.

Eligibility

LightStream only offers loans to borrowers with good to excellent credit. The FICO scoring model, which is commonly used by lenders, considers a good score to be 670 or above. (LightStream may use its own definition.) You should also have:

Several years of credit history.
A diverse mix of account types.
A strong payment history.
A demonstrated ability to save.
A stable income.

Application

Apply Now

You can apply for a loan with LightStream through its website. After submitting your application, you may be asked to provide identification documents. If you apply during business hours, you may receive a decision, sign your loan documents electronically, and get funded on the same day.