Marcus By Goldman Sachs personal loan review 2021 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Marcus personal loans compare to other popular lenders:

Marcus versus. SoFi

If you need to access more cash than Marcus offers, SoFi is an option, offering loans from $ 5,000 to $ 100,000. However, to qualify for SoFi’s $ 100,000 personal loan, you must be a highly qualified borrower with excellent credit. Additionally, SoFi also offers longer terms ranging from two to seven years compared to Marcus’ terms of three to six years.

Related: 2021 SoFi Personal Loan Review

Marcus versus. Lightstream

LightStream also offers personal loans between $ 5,000 and $ 100,000, depending on the purpose of your loan, against Marcus’ limits of $ 3,500 to $ 40,000. And if you are a highly qualified borrower, you may be able to get the lowest interest rates available through LightStream. If you have a score of at least 710, it would be worth considering LightStream for its more favorable terms.

Related: LightStream Personal Loan Review 2021

Marcus versus. To improve

While Marcus Personal Loans are designed for borrowers with good credit, Upgrade makes financing available to those with average or poor credit. With one of the best personal loans for bad credit, Upgrade is a solid alternative if you don’t have the strongest credit. Upgrade offers loans between $ 1,000 and $ 50,000.

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