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HOME IMPROVEMENT LOANS
Whole-project funding, with no fees, no home equity requirements.The unsecured LightStream loan has no fees or prepayment penalties. There are also no appraisals or home equity requirements.Finance any home improvement project, at a low rate.When you have good credit, you deserve a low-interest, fixed-rate loan. You can be confident that’s what you’ll get with LightStream, because we back our low rates with our Rate Beat Program. We can fund your loan as soon as the day you apply.You’re in control of the loan process with LightStream. You choose your funding date, and you can even have funds deposited into your account as soon as the same day you apply. You control the terms of your LightStream home improvement loan.Repay your fixed-rate home improvement loan in as little as two years, or take up to 12 years. When you have good to excellent credit, the choice is yours.Low rates. Great service. That's Lending Uncomplicated.®
Please note: Credit Card/Debt Consolidation loan amounts greater than $50,000 are only available for 

Excellent Credit

Given the unique nature of each individual’s credit situation, LightStream believes there is no single definition for "excellent credit." However, we find individuals with excellent credit usually share the following characteristics:
  • Five or more years of significant credit history
  • A credit history with a variety of account types such as major credit cards (for example, Visa, MasterCard, Amex), installment debt (vehicle loans) and mortgage debt if applicable
  • An excellent payment history with no delinquencies or other problems repaying debt obligations
  • A proven ability to save evidenced by some or all of the following; liquid assets (stocks, bonds, bank deposits, etc.), cash down payments on real estate, retirement savings, and little, if any, revolving credit card debt
  • Stable and sufficient income and assets to easily repay current debt obligations and any new loan with LightStream
Finally, it should be noted again that each individual situation is different and that we make our credit judgment based on the specific facts of that situation. Ultimately, our determination of excellent credit is based on whether we conclude that there is a very high likelihood that our loan will be repaid in a full and timely manner.
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Please note: Credit Card/Debt Consolidation loan terms greater than 60 months with a loan amount of less than $25,000 are only available for 

Excellent Credit

Given the unique nature of each individual’s credit situation, LightStream believes there is no single definition for "excellent credit." However, we find individuals with excellent credit usually share the following characteristics:
  • Five or more years of significant credit history
  • A credit history with a variety of account types such as major credit cards (for example, Visa, MasterCard, Amex), installment debt (vehicle loans) and mortgage debt if applicable
  • An excellent payment history with no delinquencies or other problems repaying debt obligations
  • A proven ability to save evidenced by some or all of the following; liquid assets (stocks, bonds, bank deposits, etc.), cash down payments on real estate, retirement savings, and little, if any, revolving credit card debt
  • Stable and sufficient income and assets to easily repay current debt obligations and any new loan with LightStream
Finally, it should be noted again that each individual situation is different and that we make our credit judgment based on the specific facts of that situation. Ultimately, our determination of excellent credit is based on whether we conclude that there is a very high likelihood that our loan will be repaid in a full and timely manner.
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Rates for each loan amount and term combination below are shown in a minimum to maximum range because LightStream rates and terms vary based on your credit profile. The lowest rate in each range requires that you have an 

Excellent Credit

Given the unique nature of each individual’s credit situation, LightStream believes there is no single definition for "excellent credit." However, we find individuals with excellent credit usually share the following characteristics:
  • Five or more years of significant credit history
  • A credit history with a variety of account types such as major credit cards (for example, Visa, MasterCard, Amex), installment debt (vehicle loans) and mortgage debt if applicable
  • An excellent payment history with no delinquencies or other problems repaying debt obligations
  • A proven ability to save evidenced by some or all of the following; liquid assets (stocks, bonds, bank deposits, etc.), cash down payments on real estate, retirement savings, and little, if any, revolving credit card debt
  • Stable and sufficient income and assets to easily repay current debt obligations and any new loan with LightStream
Finally, it should be noted again that each individual situation is different and that we make our credit judgment based on the specific facts of that situation. Ultimately, our determination of excellent credit is based on whether we conclude that there is a very high likelihood that our loan will be repaid in a full and timely manner.
 profile. N/A means that LightStream loans are not available for that loan amount and term combination.
Rates for each loan amount and term combination below are shown in a minimum to maximum range because LightStream rates vary based on your credit profile. The lowest rate in each range is for LightStream's unsecured auto loan product and requires that you have an 

Excellent Credit

Given the unique nature of each individual’s credit situation, LightStream believes there is no single definition for "excellent credit." However, we find individuals with excellent credit usually share the following characteristics:
  • Five or more years of significant credit history
  • A credit history with a variety of account types such as major credit cards (for example, Visa, MasterCard, Amex), installment debt (vehicle loans) and mortgage debt if applicable
  • An excellent payment history with no delinquencies or other problems repaying debt obligations
  • A proven ability to save evidenced by some or all of the following; liquid assets (stocks, bonds, bank deposits, etc.), cash down payments on real estate, retirement savings, and little, if any, revolving credit card debt
  • Stable and sufficient income and assets to easily repay current debt obligations and any new loan with LightStream
Finally, it should be noted again that each individual situation is different and that we make our credit judgment based on the specific facts of that situation. Ultimately, our determination of excellent credit is based on whether we conclude that there is a very high likelihood that our loan will be repaid in a full and timely manner.
 profile. If your application is approved, your credit profile will determine your rate. N/A means that LightStream loans are not available for that loan amount and term combination.
  • Rates quoted with AutoPay option. Invoicing option is 0.50% points higher.
  • Fixed rate, simple interest fully amortizing installment loans, no fees or prepayment penalties.
  • Loan proceeds may not be used to refinance any existing loan with LightStream.
  • Florida loans subject to 

    Florida Doc Stamp Info

    Under Florida law we are required to collect and transmit to the State of Florida, on your behalf, a documentary stamp tax. The amount of this tax, which is slightly more than .0035 times your loan amount (or just over $35 for a $10,000 loan), will be added to your loan amount if your loan request is approved and funded. Stamp tax is NOT included when determining loan interest rate.

    . The tax amount is not included in the quoted APR.
It's easy to find your rate.
J.D. Power Trophy for Consumer Lending Satisfaction
 

J.D. Power ranks LightStream #1 in customer satisfaction

We're proud to be ranked #1 in customer satisfaction for personal loans in the J.D. Power 2020 U.S. Consumer Lending Satisfaction Study. Surveyed consumers ranked LightStream highest in offering and terms, application and approval process, and loan management.
For J.D. Power 2020 award information, visit jdpower.com/awards

Our customers love us. Find out why.
A home improvement loan is an unsecured personal loan that allows you to borrow money for home upgrades, repairs, renovations and additions. Typically offered by banks, credit unions and online lenders, home improvement loans are an easy, hassle-free way to get funds for your project.What is a home improvement loan?Home improvement loans are a popular choice for home improvement projects because they offer a fast and easy way to finance your project. At LightStream, our home improvement loans are unsecured, which means you don’t need to use your home as collateral and don’t need equity in your home.What type of loan is best for home improvement projects?

Personal loans are a good choice for quick and easy financing. Applying for a home improvement loan is typically faster than applying for a home equity line of credit (HELOC) or a home equity loan. In fact, LightStream allows you to get funds the same day you apply when all conditions are met. Plus, you don’t have to deal with appraisals or paperwork, and you do not need equity.
LightStream offers fixed-rate loans, which means your rate won't change when the market fluctuates, and you can easily budget your payments. Our home improvement loans offer lower interest rates than a credit card, so you can save more of your hard-earned money.
Applying for a personal loan for your home improvement project is a good idea when:

  • You have a great credit profile. LightStream only accepts customers with good to excellent credit.
  • Your cash flow can cover your monthly payment.
  • You don’t have equity in your home or don’t want to use it for collateral.
  • You want to keep your savings intact.
Should I get a personal loan for home improvements?
A home equity line of credit, or HELOC, is a secured line of credit that allows you to borrow against the equity you have in your home. Because of this, HELOCs often have lower interest rates. HELOCs offer revolving credit, which allows you to borrow the funds you need when you need them. Applying for a HELOC often takes longer than a personal loan and typically requires significant paperwork. 
LightStream offers a fast, easy online application without requiring any paperwork; you also do not need collateral to borrow funds. Instead, your credit profile and whole financial track record are assessed to decide if you qualify for financing.
Consider the type of project you’re doing, your credit, income, and whether you have equity in your home when evaluating your options.
What is the difference between a home equity line of credit and a home improvement loan?
A home equity loan is also referred to as a second mortgage. Just as with a home improvement loan, you receive requested funds up front and repay them over a designated period of time. 
Unlike home improvement loans, home equity loans do require you to use your home as collateral and, typically, you must own 20% or more of your home to apply.
What is the difference between a home equity loan and a home improvement loan?
For minor renovations, using your credit card could be a good option. Some credit cards offer zero percent introductory APR, meaning you don’t have to pay interest for the first few months. However, using a credit card can result in extraordinarily high interest rates if you don’t pay your balance back before the introductory offer expires. 
If you’re using a credit card that does not offer zero percent interest, it’s important to pay back the entire amount you owe before your next billing period. It’s also important to note that credit cards offer variable interest rates, meaning the amount you pay can decrease or increase depending on market fluctuations. 
LightStream's home improvement loans offer lower interest rates than a credit card, so you can save more of your hard-earned money. Our low, fixed-rates make it easy to plan for your monthly expenses and stick to a budget.
Should I get a personal loan or put it on a credit card?

Home improvement loans allow you to borrow funds for your home improvement project without requiring collateral, a home title, or an appraisal. LightStream offers a quick, easy online application that you can complete from any device and the comfort of your home. 
You can borrow between $5,000 and $100,000, and choose a repayment period that works best for you. LightStream has no restrictions on the type of home improvement project your funds can cover.
Here is how it works:

  • Apply online. You will receive a response shortly (during business hours).
  • Accept the loan agreement. Once approved, e-sign your loan agreement and set up your loan for funding.
  • That's it! Use your loan. Receive your funds as early as today!

LightStream deposits funds directly into your account, so you can shop your contractor as a cash buyer and take full control of your project.

How does a home improvement loan work?
Home improvement loans are paid back in installments, or regular monthly payments, depending on the size of the loan and the lender. 
Lightstream offers personal loans for home improvement with flexible terms up to 12 years so you can choose a repayment period that works best for you.
How long do you have to pay back a home improvement loan?
The best way to get a home improvement loan without equity is by applying for an unsecured personal loan. LightStream offers unsecured home improvement loans that allow you the flexibility to tackle your home improvement project without going over your budget.How can I get a home improvement loan with no equity?When you have good credit, LightStream offers low-interest, fixed-rate loans, from $5,000 to $100,000, for practically any home improvement project you want.How much can you get a home improvement loan for?LightStream funds can be used to pay for contractors, appliances, finishes, furniture, landscaping, and much more. Your funds will cover all expenses related to your home improvement project.What can I use a home improvement loan for?
  • Low, fixed rates
  • Predictable monthly payment 
  • Lower APR than a credit card
  • Fast application
  • Easy to get funds
  • Funds are directly deposited into your account as soon the day you apply when conditions are met
What are the benefits of a LightStream home improvement loan?
Why we're different
Learn more about how LightStream loans can be used to finance:
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Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 25% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 07/01/2020 to 09/30/2020. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

Maximum APR for a LightStream loan is 

1

LightStream will offer a rate .10 percentage points lower than the rate offered by a competing lender subject to satisfactory evidence being provided that you were actually approved for a lower rate with another lender for the same loan terms offered by LightStream by no later than 2 p.m. Eastern time one business day prior to loan funding. The Rate Beat Program excludes secured or collateralized loan offers from any lender and the competitive offer must be generally available to any customer with a similar credit profile. Terms are subject to change at any time.

2

You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

Lightstream received the highest score in the personal loan segment of the J.D. Power 2020 U.S. Consumer Lending Satisfaction Study of customers’ satisfaction with their lending company. Visit jdpower.com/awards.

Business Hours (Eastern time)

Customer Service

Monday - Friday: 9 a.m. to 8 p.m. & Saturday: Noon to 4 p.m.

Saturday: Noon to 7 p.m.

Application Processing

Monday - Friday: 9 a.m. to 8 p.m.

Saturday & Sunday: Noon to 6 p.m.

Mailing Address
PO Box 117320
Atlanta, GA 30368-7320

E H L. Truist Bank is an Equal Housing Lender.
© 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo,
and the SunTrust logo are service marks of Truist Financial Corporation.
All other trademarks are the property of their respective owners. 
Lending services provided by Truist Bank.

LightStream


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