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6 loans like Marcus by Goldman Sachs
Compare online loans with lower rates — or more flexible requirements.
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Marcus is the online lending arm of Goldman Sachs. Its competitive interest rates run from 6.99% to 19.99% APR with no fees — ever. But it has a limited range of loan amounts and it could be difficult to qualify if you’re self-employed or have an open payday loan.
These alternatives all offer online applications. Some at a lower cost, others with more flexible requirements. And a few even have the backing of a bank.
6 top lenders like Marcus
- Best for no fees: SoFi
- Best for low rates: LightStream
- Best for fair credit: Prosper
- Best for borrowers new to credit: Upstart
- Best for quality service: Best Egg
- Best for debt consolidation: Discover
Best for no fees: SoFi personal loans
680
Min. Credit Score
Min. Credit Score
5.99%
Starting APR
Starting APR
$100,000
Loan Amount
Loan Amount
SoFi is an online lender that offers lower starting interest and more borrower benefits than you’ll find with Marcus. Borrowers get access to perks like free financial advice and career coaching. It’s also a true no-fee lender — unlike Marcus, it doesn’t charge extra interest if you’re late on a repayment. But loans start at a high $5,000 and it can take a month to get your funds.
- No fees
- Low starting APR of 5.99%
- Member perks
- Not ideal for small loans
- Turnaround as long as 30 days
- Doesn’t send consolidation loans to your creditors
| Loan Amount | $5,000 – $100,000 |
|---|---|
| APR | 5.99% to 18.85% |
| Interest Rate Type | Fixed |
| Min. Credit Score | 680 |
| Min term | 24 months |
| Max term | 84 months |
| Turnaround Time | Up to 30 days |
Disclaimer
Fixed rates from 5.99% APR to 18.85% APR (with AutoPay). SoFi rate ranges are current as of February 25, 2021 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
Fixed rates from 5.99% APR to 18.85% APR (with AutoPay). SoFi rate ranges are current as of February 25, 2021 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
Best for low rates: LightStream personal loans
Good to excellent credit
Min. Credit Score
Min. Credit Score
Varies
Starting APR
Starting APR
$100,000
Loan Amount
Loan Amount
LightStream is the online lending arm of Truist Bank — formerly SunTrust. It has some of the lowest rates available, plus a program that can beat a competitor’s APR offer, as long as it meets certain conditions. You can also get your funds the same day you apply. But it’s tough to qualify if you don’t have good or excellent credit — usually around 670 or higher — and there’s no preapproval process.
- Rate beat program
- High 0.5% autopay discount
- Potential same-day turnaround
- No prequalification
- High minimum loan amount of $5,000
- Tough credit requirements
| Loan Amount | $5,000 – $100,000 |
|---|---|
| APR | Varies |
| Interest Rate Type | Fixed |
| Turnaround Time | Varies |
Disclaimer
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36
monthly payments of $303.99.
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36
monthly payments of $303.99.
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.
Best for fair credit: Prosper personal loans
640
Min. Credit Score
Min. Credit Score
7.95%
Starting APR
Starting APR
$40,000
Loan Amount
Loan Amount
Prosper is a peer-to-peer platform that may be more friendly to fair credit borrowers. Its rates are higher than Marcus, starting at 7.95% — and everyone pays an origination fee of 2.41% to 5%. But you can qualify with a credit score as low as 640, and it offers loans as low as $2,000.
- Accepts fair credit
- Loans amounts start lower than Marcus
- Accepts 50% debt-to-income ratio
- Everyone pays an origination fee
- Funding can take up to five days
- High rates from 7.95% to 35.99% APR
| Loan Amount | $2,000 – $40,000 |
|---|---|
| APR | 7.95% to 35.99% |
| Interest Rate Type | Fixed |
| Min. Credit Score | 640 |
| Min term | 36 months |
| Max term | 60 months |
| Turnaround Time | Up to five business days |
Best for borrowers new to credit: Upstart personal loans
600
Min. Credit Score
Min. Credit Score
8.94%
Starting APR
Starting APR
$50,000
Loan Amount
Loan Amount
Upstart could be a better fit than Marcus if you’re just starting to build your credit. It looks at your education and career to help offset a less-than-perfect credit score. It also offers a wider range of loan amounts, from $1,000 to $50,000. But skip this one if you can easily qualify with Marcus. Its rates start at a high 8.27% and origination fees run as high as 8%. And it requires a lower DTI ratio than other lenders, so it isn’t ideal for debt consolidation.
- Accepts fair credit
- Factors in education and career
- Loans from $1,000 to $50,000
- Higher APRs than Marcus
- Origination fee as high as 8%
- Not ideal for debt consolidation
| Loan Amount | $1,000 – $50,000 |
|---|---|
| APR | 8.94% to 35.99% |
| Interest Rate Type | Fixed |
| Min. Credit Score | 600 |
| Min term | 36 months |
| Max term | 60 months |
| Turnaround Time | 1 to 3 business days |
Best for quality service: Best Egg personal loans
600
Min. Credit Score
Min. Credit Score
Starting APR
$50,000
Loan Amount
Loan Amount
This online lender offers lower starting rates than Marcus and accepts fair credit borrowers. Best Egg’s customers seem to love their experiences: It gets rave reviews on sites like the Better Business Bureau and TrustPilot. But its origination fees are on the high end, running up to 5.99%. And it can be hard to qualify if you’re self-employed
- Lower starting APRs than Marcus
- Positive customer reviews
- Get funds as fast as one business day
- Origination fee from 0.99% to 5.99%
- Hard to qualify if self-employed
| Loan Amount | $2,000 – $50,000 |
|---|---|
| APR | 5.99% to 29.99% |
| Interest Rate Type | Fixed |
| Min. Credit Score | 600 |
| Min term | 36 months |
| Max term | 60 months |
Disclaimer
*Trustpilot TrustScore as of November 2019. Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” refer to “the Best Egg personal loan” and/or “Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000–$35,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
Best for debt consolidation: Discover personal loans
Varies
Min. Credit Score
Min. Credit Score
6.99%
Starting APR
Starting APR
$35,000
Loan Amount
Loan Amount
Discover Bank may offer the closest alternative to Marcus. Its rates range from 6.99% to 24.99% APR with loans from $2,500 to $35,000. It also sends funds directly to creditors if you want to consolidate debt, and offers a 30-day money back guarantee. But there’s no discount for autopay and it charges high late fees of $39 with no grace period.
- Rates similar to Marcus
- No origination fee
- 30-day money back guarantee
- No loans over $35,000
- No autopay discount
- Steep late fees
| Loan Amount | $2,500 – $35,000 |
|---|---|
| APR | 6.99% |
| Interest Rate Type | Variable |
| Min term | 36 months |
| Max term | 84 months |
| Turnaround Time | 1 to 7 days |
Compare more personal loans
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How does Marcus compare?
You can read our review of Marcus by Goldman Sachs personal loans to get an overview of what this lender offers. But here are the highlights:
Pros
- Backed by a big firm
- No fees
- Specializes in debt consolidation
- Discounted interest rates for US service members
Cons
- Harder to qualify with income from self-employment
- Potentially high late payment charges
- Not available in Maryland
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