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Marcus Personal Loans Review

How Much Can I Borrow from Marcus by Goldman Sachs Personal Loans?

It’s not always easy to know what company to trust when you’re looking to borrow money. With so many lenders out there, it can be hard to find the right one for you. That’s why we’ve decided to dive into Marcus Personal Loans, one of the newer players in the online lending space.

We’ll review their loan process, customer service, and more so that you can get a better understanding of whether Marcus is the right fit for your next loan. We encourage you to do your own research too so that you can make the best decision possible. Read on for an in-depth Marcus Personal Loans review.

When it comes to personal loans, Marcus by Goldman Sachs is a name that you’ve probably heard before. They are a popular choice for those looking for a loan, but what do they really offer?

Marcus by Goldman Sachs offers personal loans with fixed rates from 6.99% up to 24.99% APR. Loan amounts range from $3,500 to $40,000 and terms go from 36 to 72 months. There is no origination fee or prepayment penalty with Marcus’ personal

Loan Amount From $3,500 to $40,000.
Loan Terms 36 to 72 months
APRs From 6.99% up to 24.99%
Origination Fee No
Prepayment Fee No
Immigration Status Considered U.S citizens and permanent residents.
Employment Statuses Considered    Employed full-time or part time
Intended Use Debt consolidation, home improvements, vacation, wedding costs, moving or relocation.
Joint Loan Applications Accepted No
Verification Documents Required  ID, Social Security number, Tax returns, checking account, pay stubs.
Late Fee No
Minimum Credit Score 660
Minimum Income N/A
Loan Purpose Personal use
Supported Income Types All
How Long To Get Funds 1 to 4 business days.
Other Prerequisites Must be 18 years old

Marcus by Goldman Sachs Overview

Marcus by Goldman Sachs is a leading personal loan provider in the United States. The company offers a wide range of products and services to meet the needs of its customers. They have a strong reputation for providing excellent customer service, competitive rates, and flexible terms.

What makes Marcus stand out is that they don’t have any fees whatsoever. No origination fee, no late payment fee, no nothing. This is pretty rare in the personal loan space and definitely something worth considering if you are looking for a personal loan.

In terms of qualifying for a loan, Marcus is definitely on the stricter side. They require a minimum credit score of 660 and prefer that you have at least 2 years of credit history. Additionally, your debt-to-income ratio should be below 50%. If you don’t meet these criteria, you likely won’t be approved for a loan with Marcus.

So, if you were wondering if Marcus is a legit and good loan company, the short answer is yes.

Marcus by Goldman Sachs Personal Loan Rates, Terms, and Fees

If you’re considering a Marcus personal loan, it’s important to understand the rates, terms, and fees associated with the loan. Here’s a breakdown of what you can expect.

Marcus by Goldman Sachs offers competitive APRs on its personal loans, starting at 6.99% and they go up to 24.99%. Generally speaking, this is considered an average in comparison to other personal loan lenders.

Loan terms range from 36 to 72 months or 3 to 6 years. Overall, this as well can be counted as an average loan term when compared to other personal loan lenders.

There are no origination fees or prepayment penalties with Marcus’ personal loans. This is a very rare thing in the world of personal loan lenders since many of them actually do charge a certain fee.

How Much Can I Borrow from Marcus by Goldman Sachs Personal Loans?

The answer to this question isn’t quite as simple as you might hope. That’s because the amount you can borrow with a Marcus loan depends on several factors, including your credit score, income, employment history, and financial history.

To get a better idea of how much you might be able to borrow from Marcus, it’s helpful to take a look at the company’s rates and terms. Marcus offers loans of up to $40,000 with fixed rates starting at 6.99% APR.

Loan terms range from 36 to 72 months, so you can choose a repayment timeline that suits your needs and budget.

Overall, the loan amounts start from $3,500 and go up to $40,000. It’s best to speak with your loan officer to see how much you qualify for.

How to Apply for a Marcus by Goldman Sachs Personal Loan

As we have mentioned, Marcus by Goldman Sachs has very strict credit score requirements that start from 660 and more. In the case you have a score of 660 or up, you are eligible for their personal loan. Here is step by step how to apply:

  • Review your options
  • Marcus has a pre-qualification form so you can find out if you’re eligible for a loan and review your options without impacting your credit score. 
  • Choose a loan
  • Pick the loan that best fits your needs based on its repayment term, monthly payment, and interest rate. 
  • Fill out an application
  • Review the loan terms

Pros and Cons of Marcus by Goldman Sachs Personal Loans

If you’re considering a Marcus personal loan, you probably have a lot of questions. Is Marcus by Goldman Sachs a good loan company? What are the interest rates and fees? Are they a good option for personal loans?

One of the biggest advantages of Marcus’ personal loans is that they don’t have any fees. This means that you will not be charged a late fee or origination fee, not even a prepayment fee.

Another great thing about Marcus’ personal loans is that they offer a wide range of repayment terms, from 36 to 72 months. This gives you the flexibility to choose a repayment schedule that works for your budget.

However, one downside of Marcus personal loans is that they require a minimum credit score of 660. If your credit score is lower than this, you may not be eligible for a loan with Marcus. Additionally, Marcus does not offer co-sign loans or co-applicants at this time.




AutoPay discount of 0.25% APR. No co-signer or joint loan application option. 
No origination, prepayment or late payment fees. Can’t be used to refinance existing student loans 
Flexible payment date Requires excellent credit score 

How Does Marcus by Goldman Sachs Protect My Personal Information?

As a leading financial institution, Marcus by Goldman Sachs is committed to protecting your personal information. They have implemented a range of security measures to safeguard your information and maintain its confidentiality.

Your personal information is stored on their secure servers, which are located in controlled facilities. Access to your personal information is restricted to authorized personnel only. They only maintain physical, electronic, and procedural safeguards in accordance with industry standards to protect your personal information from unauthorized access and use.

On top of that, they also require their service providers to maintain adequate security measures to protect your personal information. That means that when you provide them with sensitive information (such as your Social Security number), they encrypt that information using industry-standard technology.

Is Marcus by Goldman Sachs a Reputable Lender?

Marcus by Goldman Sachs is a lending branch of the investment bank Goldman Sachs. The company offers not only personal loans but many other options like credit cards and savings accounts.

They have been in business for over 150 years and are considered to be a reputable lender with good rates and terms.

Overall, they have been in the business for a long time and they have been providing excellent service from the first day. On top of that, they have many positive reviews and ratings which a score of 4.5 proves.

So, yes, they are a good and reputable lender that offers very good loan terms and competitive interest rates.

Summary of Marcus by Goldman Sachs Personal Loans

  • Marcus by Goldman Sachs is one of the leading lenders in the U.S. offering personal loans, credit cards, and savings accounts.
  • They offer personal loans with terms of 3 to 6 years and amounts ranging from $3,500 to $40,000.
  • They do not charge origination, prepayment, or late payment fees on their loans.
  • Unfortunately, there is no co-signer or joint loan application option.

Marcus by Goldman Sachs FAQs

1. What is the loan processing time for Marcus by Goldman Sachs?

Loan processing is quite fast and takes only a few hours.

2. What is the repayment term for a Marcus by Goldman Sachs loan?

Repayment terms offered by this company vary from 3 to 6 years, depending on the borrowers’ credit score and loan amount.

3. Does Marcus by Goldman Sachs offer pre-approval for personal loans?

Marcus by Goldman Sachs does offer pre-approval for their personal loans.

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