Marcus by Goldman Sachs Personal Loans

Personal loans have offered borrowers great advantages when compared to traditional financial institutions. In addition to accepting applications from borrowers who do not have a perfect credit history, personal loans guarantee lower interest rates and flexible payment options.

Thus, people with low income and low credit scores are also able to qualify for the loan. However, certain conditions are required, such as having an active checking account, not having declared bankruptcy in the last five years and not having late payment on any other type of loan.

Marcus by Goldman Sachs Personal Loan is a subsidiary of The Goldman Sachs Group, Inc. – a world-renowned company offering diverse financial services such as investment banking, securities and investment management to corporations, governments and individuals.

Marcus by Goldman offers its consumers personal loan services to borrowers with low credit scores who are not qualified to borrow money from other companies.

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

Marcus by Goldman Sachs Personal Loan guarantees its users a quick and easy application process, where you receive your money within days, without the need to fill out paperwork or make a security deposit. The main purpose of personal loan is to offer borrowers a quick solution, for people who need the money right away.

If you are wondering for what purposes it is possible to apply for a personal loan, it could be for different purposes. See some of the purposes available from Marcus by Goldman Sachs Personal Loan:

• Debt consolidation
• Home improvement
• Wedding expenses
• Medical bills
• Vacation or travel expenses

But of course Marcus by Goldman Sachs also has its restrictions on the use of loan money, such as:

• Refinancing college loans
• Illegal activities
• Business capital purposes
• Major home and car purchases

Even with these restrictions, Marcus by Goldman Sachs is still considered an excellent personal loan option for people who need quick cash and don’t qualify for traditional banks or credit cards.

Marcus by Goldman Sachs Personal Loan Details

Discover all the main benefits you can get from Marcus by Goldman Sachs Personal Loans:

Personal Loan Amount: Marcus by Goldman offers loans with maximum and minimum amounts between $3,500 to $40,000, but keep in mind that you will only have access to the maximum loan limit if you have a good credit score and an income.

Loan Terms: As far as loan terms go, Marcus by Goldman Sachs offers a repayment period of 36 to 72 months. But, longer repayment periods are also only offered to borrowers with better credit scores and credit history.

Timely payment rewards: Borrowers who consistently repay their loan without delay receive a reward from the company. The reward allows borrowers to skip a month of payment with no accrued interest.

Flexible payment dates: Marcus by Goldman Sachs also allows a borrower to change payment dates three times over the course of the loan term. So you can adjust your payments according to your availability.

Marcus by Goldman Sachs Personal Loan Interest Rates, Fees and qualification

Marcus by Goldman Sachs Personal Loans has a fixed interest rate ranging from 6.99% to 19.99%, which is pretty low compared to other loan companies that have an interest rate of 37%. You may also receive some interest rate discount if you set up your loan’s automatic payment method. The company also does not charge any organization fees.

Marcus by Goldman Sachs is a personal loan company that allows many people to realize their dreams as it guarantees loans to borrowers who do not qualify to apply for loans from traditional banks.

The application process is very easy and fast and can be done online, but it is necessary to have some personal information before starting your application. Learn more about applying for Marcus by Goldman Sachs Personal Loan below.