SunTrust Personal Loan (2020 Review)

LightStream is a division of SunTrust Bank that offers the Debt Consolidation Personal Loan. But if you don’t have a low debt-to-income ratio or an established credit history, you might have trouble applying for this loan.
If you can’t meet the requirements for a LightStream personal loan, then look into a Check City Personal Loan today!

Every lender is going to have their own requirements, terms, and conditions for their personal loans. But as a potential loan customer, there are things you need in a loan as well. That’s why shopping for the best personal loan for you is important before making a final decision.

SunTrust Bank is in the middle of some reconfiguration right now, meaning they’re currently connected to LightStream, BB&T, and Truist as BB&T and SunTrust transition into Truist. They offer many loan and credit line services that could be useful to you. Their loans are most commonly used for buying a home, home renovations, buying a car, paying for college, and consolidating debts.

SunTrust Personal Loans: a Quick Look

SunTrust offers several loan options but their most basic personal loan type is the LightStream Debt Consolidation Loan, so that’s what we’ll go over today. If this loan isn’t what you’re looking for, but you still want to use SunTrust, you can further research into other SunTrust, LightStream, BB&T, and Truist financial services.

Loan Amount: $5,000 to $100,000

Rates: their lowest APRs are 5.95%

Fees: no fees

Term: 24 to 84 months

Basically, SunTrust personal loans are great if you have an affiliation with SunTrust or its connected companies. You can also get a discount on your loan’s interest rate by using autopay. SunTrust bank may not be the best option for loan customers who lack a strong credit history.

Who are SunTrust Personal Loans Perfect For?

If you already have accounts with SunTrust or its affiliates, then you already have a history with them, making their personal loans an ideal option for you. They may be in the middle of transitions but their loan services will be up and running like normal in the meantime. They’re also a great loan option if you have minimal debts and a healthy credit history.

PROS

  • Autopay discount
  • Same day funding available
  • No fees

Who Should NOT Get a SunTrust Personal Loan?

If you have a high debt to income ratio then you may have trouble applying for this loan. You might also have trouble getting a SunTrust personal loan if you have a weak credit history. This loan option might also be wrong for you if you don’t already have an account set up at SunTrust bank.

CONS

  • Need a credit score of 660 or higher
  • Need a low debt to income ratio

An Alternative to SunTrust Personal Loans

Now that you’ve learned a bit more about SunTrust personal loans, you might realize it isn’t a good fit. If you find yourself in this predicament, do not fret. You can still find your perfect loan today by looking into a Check City Personal Loan!

Reasons to Get a Check City Personal Loan

personal loan review

Check City is a direct lender so you don’t need to go through third parties just to connect to an actual lender. Check City is where you both apply and receive your loan funds.

Check City is a state licensed lender meaning they have a license to lend in each state they operate in. Rest easy knowing your Check City loan follows all your state’s regulations.

Check City has an online application that only takes a few minutes to finish, and all from the comfort of your home.

Check City has no minimum credit requirements so you don’t have to have incredible credit just to apply.

Check City has no origination fee meaning they won’t charge you a fee just for starting an account with them.

How to Apply for a Check City Personal Loan

To apply for a Check City Personal Loan all you need is a few minutes and a few documents. The process doesn’t take very long and if you visit a Check City store to apply, you can even get a same-day loan and walk out with cash in hand.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Complete a fast, simple, and straightforward loan application without having to leave your house.

Apply in the Store.

At Check City, you can fill out a loan application and receive your loan funds all in one visit.

Apply Over the Phone

Just call Check City’s Loans By Phone number: 800-404-0254 to apply with a Check City representative over the phone or if you need any other kind of help with your loan or application.

The Check City personal loan was created for everyone. Anyone can apply and get their funds FAST with our simple streamlined loan process. Don’t hesitate to give us a call, pull up our website, or visit your neighborhood’s Check City store to get your money now.

COMPARE SIMILAR PERSONAL LOAN OPTIONS

Check City Wells Fargo Chase SoFi SunTrust
Amount $300 to $3,000 $3,000 to $100,000 $4,000 to $600,000 $5,000 to $100,000 $5,000 to $100,000
Rates lower APR than our payday loans 5.49% to 22.99% depends 5.99% to 20.01% their lowest APR is 5.95%
Fees no origination fees no origination fees, no prepayment penalties n/a no fees no fees
Terms 6 months 12 to 84 months 12 to 84 months 24 to 84 months 24 to 84 months
Min. Credit Score none 600 high credit score 680 660

*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.