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Marcus by Goldman Sachs personal loans review

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Midsize personal loans for borrowers with excellent credit.’s rating: 4.1 / 5.0


  • Best for service members looking for exceptionally low rates.
  • Pick something else if you don’t have good to excellent credit.


Max. Loan Amount

6.99% to 28.99%
NY resident rates: 6.99% to 24.99%


Good to excellent credit

Min. Credit Score


Product NameMarcus by Goldman Sachs Personal Loans
Min. Loan Amount$3,500
Max. Loan Amount$40,000
APR6.99% to 28.99%
NY resident rates: 6.99% to 24.99%
Interest Rate TypeFixed
Min. Credit ScoreGood to excellent credit
Minimum Loan Term3 years
Maximum Loan Term6 years
Go to Marcus by Goldman Sachs's website

Expert review

Anna Serio

Review by

Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera,, and ValueWalk feature her professional advice, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Marcus by Goldman Sachs is ideal for service members looking to take out a personal loan with competitive rates — APRs start at just 4% for military members. Its loans come with zero fees and terms up to six years. And if you make on-time repayments for a year, you can defer one payment without accruing any interest.

But you need to have good to excellent credit to qualify. And it might be hard to meet income requirements if you’re self-employed. You also can’t borrow more than $40,000 — not ideal if you were looking to take out a high-dollar personal loan. And instead of charging late fees, you’ll pay more in interest if you miss your due date.

Not sure about Marcus by Goldman Sachs? Compare your other options below.

First, am I eligible?

For eligibility with Marcus by Goldman Sachs, you need to meet a few minimum requirements:

  • Valid US bank account
  • Social Security number or individual tax identification number
  • Age of majority

There are no hard credit requirements, but the average borrower has a credit score between 700 and 740. It also doesn’t have any minimum income requirements, though you must prove you can pay back your loan.

If you’re currently paying off a high-cost installment or payday loan, you could be denied — even if you have excellent credit.


  • No fees
  • On-time payment reward
  • Service member rates as low as 4%


  • Late payments penalized with interest
  • Income from self-employment might not count
  • Potentially high APR

Compare other online lenders

Updated March 29th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
4.99% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Monevo Personal Loans
3.49% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
Even Financial Personal Loans
4.99% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
Upgrade Personal Loans
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi Personal Loans
5.99% to 18.64%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

What do customers say about Marcus by Goldman Sachs?

BBB accreditedYes
BBB ratingA+
BBB customer reviews2 out of 5 stars, based on 56 customer reviews
Customer reviews verified as of19 December 2019

Customers were most frustrated by the poor quality of customer service. One reviewer was upset that their application was rejected with no explanation. Multiple customers reported inconsistencies in information given by representatives. Some also reported trouble with the online loan application.It’s not all bad, however. Reviews in other online forums mainly praise Marcus for its speed and convenience.

How do I apply?

You can apply online or by paper. To submit a paper application, call 844-627-2871 and ask to have one sent to your address.

To apply with Marcus by Goldman Sachs online, follow these steps:

  1. Visit the Marcus by Goldman Sachs website and click Find your loan.
  2. Review the loan details, then click Review Your Options to get started.
  3. Select the amount you’d like to borrow and a monthly payment you can afford, and click Find my loan options.
  4. Select the amount you want to borrow and your preferred monthly repayment. Then entire some basic personal information about yourself.
  5. Read the terms and conditions. Click Find my loan options again to submit your application.

You may be required to enter your Social Security number or upload other loan documents to complete the application process.

What information do I need to apply?

Get these documents together before you apply:

  • Proof of income
  • Photo ID
  • Individual or joint bank statements
Go to Marcus by Goldman Sachs's site

What happens after I apply?

After applying, Marcus by Goldman Sachs will review your finances and conduct a hard credit check. If approved, you’ll be able to look over your final offer before you accept.

The whole process can take as little as two business days, depending on how involved your application is. If your loan application is denied, Marcus will mail you a letter that explains why you didn’t get the loan — if you’re able to improve your personal finances, you can reapply after six months.

How do repayments work with Marcus by Goldman Sachs?

You can repay your loan by check or money order, but it’s far more convenient to set up autopay with a bank account. Borrowers who consistently make on-time repayments for a year can defer one payment without accruing any extra interest.

If you find yourself unable to make a payment, contact Marcus immediately. You won’t pay a fixed fee every time you’re late, but you will pay more interest, making for a more expensive loan overall. Late payments can also affect your credit score.

Goldman Sachs to team up with Apple in 2019

You might have another iPhone financing solution to choose from in the near future. Goldman Sachs and Apple announced in May 2018 that they would be partnering up to offer in-store financing for Apple products. Goldman Sachs also plans on issuing an Apple Pay branded credit card, replacing Apple’s current Barclays rewards card. Both could be available to US Apple customers as soon as 2019.

Before you make any decision, you may want to compare your personal loan options. There could be a better loan out there for your needs — including lenders with offers similar to Marcus.

Frequently asked questions

Important information

Marcus By Goldman Sachs® Offer Terms and Conditions

Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans). Only the most creditworthy applicants qualify for the lowest rates and largest loans amounts. Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions.

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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  1. Default Gravatar
    August 28, 2018

    Can I repay my entire loan back in 2 to 4 payments to avoid 48 months of interest?

    • Default Gravatar
      August 29, 2018

      Hi Sid,

      Thanks for leaving a question on finder.

      Yes. You can do arrange that. When you apply for a loan with Marcus by Goldman Sachs, you can browse loan options based on different loan and/or monthly payment amounts — just use the sliders on their homepage to see your options so you can customize your payment.

      You can make one-time payments each month, or for added convenience, you can set up AutoPay on They also accept payments by phone and check/money order payments by mail.


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