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Marcus by Goldman Sachs Personal Loans

The advantage list is a list of the benefits that Marcus by Goldman Sachs Personal Loans has to offer.

Marcus by Goldman Sachs Personal Loans
Source: Marcus by Goldman Sachs Personal Loans

Personal loans are best to cover daily expenses like groceries, utilities, and transportation. It can be obtained from a bank or an online lender. They are popular for expenses because they offer more flexible rates and lower fees than credit cards. Personal loans also offer the option of deferring payments until a later date as well as using them for major purchases like a car or a wedding.

The amount of money that the borrowers acquire is usually determined by the individual’s income and the amount of debt they have. People with low credit scores are also able to qualify for personal loans as long as they meet certain conditions such as having an active checking account, not having filed for bankruptcy in the last five years, and not being behind on payments for any other loans.


Marcus by Goldman Sachs Personal Loans
LOANS
Marcus by Goldman Sachs Personal
Low fixed rates Easy, transparent process
Hassle-Free Personal Loans
SEE HOW TO APPLY You will remain on the current site

Marcus by Goldman Sachs Personal Loans is a subsidiary of The Goldman Sachs Group, Inc. – a leading global investment banking, securities, and investment management firm that provides financial services to corporations, financial institutions, governments, and individuals. Its subsidiary is one of the companies that offer consumers with low credit scores who are unable to get loans from other companies.

What are the purposes of Marcus by Goldman Sachs personal loans?

Marcus by Goldman Sachs Personal Loans has been introduced in order to provide an easy way for people who want money fast but don’t want the hassle of collateral or too much paper works. The purpose of this loan is to offer a quick-fix solution for borrowers who need cash in a hurry. Also, the loan can be used for anything from homes to debt consolidation. It also comes with flexible repayment options that are designed to make monthly payments easier. Furthermore, here are the specific purposes of loan proceeds from Marcus by Goldman Sachs:

  • Debt consolidation 
  • Home improvement 
  • Wedding expenses
  • Moving and relocation needs
  • Vacation or travel expenses

And just like any other online lending company, Marcus by Goldman Sachs also restricts borrowers from using the loan proceed they got with the following intentions:

  • Refinancing college loans
  • Illegal activities such as buying unlicensed firearms or weapons
  • Business capital purposes
  • Major home and car purchases

But even if there are some restrictions, Marcus by Goldman Sachs Personal Loans is still considered the perfect solution for people who need financing but don’t qualify for other loans and credit cards.

Marcus by Goldman Sachs Personal Loan Details

Personal Loan Amount: Marcus by Goldman Sachs offers borrowers a personal loan amount between $3,500 to $40,000. But keep in mind that the maximum loan amount can only be availed depending on the credit score, credit history, purpose, and income of the borrower.  

Loan Terms: When it comes to loan terms, Marcus by Goldman Sachs offers a reimbursement period between 36 to 72 months. However, the longest repayment periods are only for those creditworthy applicants who are known for their great credit history with other lending companies. 

Advantages and Features

On-time payment rewards: The company offers a reward to those borrowers who managed to consistently make on-time monthly reimbursement payments. The reward would be allowing borrowers to skip a month of payment without accrued interest rates. Take note that it’s just a skipped 1-month reward to the loan term will be extended for a month. 

Flexible payment dates: What’s more is Marcus by Goldman Sachs allows a borrower to change payment dates three times during the whole loan term. However, if the borrower has a past-due payment outstanding, they cannot use this feature. 

Marcus by Goldman Sachs Personal Loan Interest Rates and Fees

Marcus by Goldman Sachs Personal Loans
Source: Marcus by Goldman Sachs Personal Loans

Interest Rate: Marcus by Goldman Sachs Personal Loans have a fixed interest rate that varies between 6.99% to 19.99% – that’s relatively low as opposed to other lending companies that skyrockets their interest rate up to 37%. Also, Marcus by Goldman Sachs offers a rate discount if the borrower signed up with auto payments. 

Origination fees: Luckily, Marcus by Goldman Sachs doesn’t offer origination fees. 

Qualifying for Marcus by Goldman Sachs Personal Loan

Marcus by Goldman Sachs Personal Loans is a great way to finance any dream. This is a great option for those who have been rejected by other loan providers. The application process is relatively easy and straightforward, but there are some things that applicants need to keep in mind before they apply.

Keep reading to learn more:


Marcus by Goldman Sachs Personal Loans
LOANS
Marcus by Goldman Sachs Personal
Low fixed rates Easy, transparent process
Hassle-Free Personal Loans
SEE HOW TO APPLY You will remain on the current site