Are you looking for a personal loan customized to you, such as one where you can choose how much you want to borrow and what your monthly payment will be?
Marcus by Goldman Sachs personal loans could be the solution you’re looking for. With these loans, you can select your desired loan amount and monthly payment. The loan terms will then be customized to your needs.
Personal loans from Marcus by Goldman Sachs are available if you have good credit. But there are a few key things to consider before deciding whether these loans are right for you. Read on to find out everything you need to know.
Review: Marcus by Goldman Sachs personal loans
Marcus by Goldman Sachs personal loans are a good option for borrowers who have good credit, an established credit history, and proof of income. There’s no origination fee or late payment charges and interest rates are competitive. The flexibility in loan amounts and repayment terms also make it easy for borrowers to find a loan that fits their situation.
Marcus by Goldman Sachs even offers a unique benefit: an on-time payment reward. Borrowers who make 12 consecutive payments on time and in full can choose to defer one future payment without being charged additional fees or interest.
Unfortunately, you’ll need excellent credit to qualify for loans through Marcus by Goldman Sachs. Loans aren’t available in all states, and the minimum amount you can borrow is $3,500. That might be more than you need.
Marcus by Goldman Sachs products
Marcus by Goldman Sachs offers personal loans you can use for almost any purpose, including home improvement projects, debt consolidation, and moving costs. However, customers are allowed only one loan at a time. Some of the key features of these personal loans include:
- You can choose a loan amount between $3,500 and $40,000.
- Your loan will have a fixed interest rate, so your monthly payments won’t change.
- Loans come with terms between 36 and 72 months.
Applicants specify their desired loan amount and monthly payment during the application process and are provided with customized loan options. Borrowers can also browse loans based on different monthly payment amounts to choose a repayment schedule that works for them.
Marcus by Goldman Sachs online platform
When you start the process of applying for a loan, here’s what you see:

Image credit: Marcus by Goldman Sachs
After selecting your desired loan amount and monthly payment, you’ll input some basic information, including your name and address, details about your income and monthly housing costs, and your Social Security number.
Then, you’ll review options and pick a loan with a payment you can afford. The loan you select will determine the interest rate and repayment term you qualify for.
You can view your loan options online in as little as five minutes without your credit score being affected. Once you’re approved for your loan, you can manage your account, make payments, and track of your balance online.
Marcus by Goldman Sachs interest rates and fees
Interest rates on loans from Marcus by Goldman Sachs are competitive with other personal loan lenders and vary based on your credit score. As of June 4, 2018, the company advertised interest rates ranging from 6.99% to 24.99%. Check the Marcus by Goldman Sachs website for the most up-to-date personal loan rates.
Because all its personal loans have fixed interest rates, you never have to worry about your rate or payment rising. You don’t have to worry about fees, either. The lender’s website promises you won’t be charged fees. That includes late fees, although late payments might be reported to the credit bureaus and hurt your credit score.
Marcus by Goldman Sachs eligibility requirements
You might be eligible for a personal loan from Marcus by Goldman Sachs if:
- You’re over the age of 18 (at least 19 in Alabama and Nebraska or 21 in Mississippi and Puerto Rico).
- You have a valid U.S. bank account.
- You have a valid Social Security number or Individual Tax ID number.
- You live in a state other than Maryland.
Marcus by Goldman Sachs customer service
Many customers report they’re happy with the customer service offered by this lender:
“I would highly recommend Marcus,” one borrower wrote at Super Money. “The approval process was quick and easy. I supplied all documents in a timely manner and was approved and had my money within 48 hours. When I was unsure of how to get information they needed I called and the operator walked me through the process. Very knowledgable.”
However, several reviewers expressed dissatisfaction at not being approved or due to high interest rates:
“Worst lending company ever,” wrote another borrower. “Applied for a loan to consolidate a few things with a credit score of 830 and no answer back for three days. I finally called them and they said they needed more information. Provided them with it and 30 minutes later I get an email telling me I was denied and would get a letter telling me why.”
If you decide you want to apply and see what loan terms you’re offered, you can submit an online application.
Marcus by Goldman Sachs makes loan specialists available via phone Monday through Saturday from 7:00 a.m. to 9:00 p.m. ET. You can contact 1-844-627-2871 to speak with a specialist. You can also find the company on Facebook or Twitter.
Student Loan Hero has independently collected the above information related to Marcus by Goldman Sachs personal loans. Marcus by Goldman Sachs has neither provided nor reviewed the information shared in this article.
Interested in a personal loan?
Here are the top personal loan lenders of 2019!Lender | APR Range | Loan Amount | |
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1 Includes AutoPay discount. Important Disclosures for SoFi. SoFi Disclosures
2 Includes AutoPay discount. Important Disclosures for Payoff. Payoff Disclosures
3 Important Disclosures for FreedomPlus. FreedomPlus Disclosures
4 Important Disclosures for Citizens Bank. Citizens Bank Disclosures
5 Important Disclosures for LendingPoint. LendingPoint Disclosures
6 Important Disclosures for LendingClub. LendingClub DisclosuresAll loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.95% to 35.89%*. The origination fee ranges from 1% to 6% of the original principal balance and is deducted from your loan proceeds. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at the time of application. The average origination fee is 5.49% as of Q1 2017. In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,025 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months. Borrower must be a U.S. citizen, permanent resident or be in the United States on a valid long term visa and at least 18 years old. Valid bank account and Social Security number are required. Equal Housing Lender. All loans are subject to credit approval. LendingClub’s physical address is: LendingClub, 71 Stevenson Street, Suite 1000, San Francisco, CA 94105. †Per reviews collected and authenticated by Bazaarvoice in compliance with the Bazaarvoice Authentication Requirements, supported by anti-fraud technology and human analysis. All reviews can be reviewed at reviews.lendingclub.com **Based on approximately 60% of borrowers who received offers through LendingClub’s marketing partners between January 1, 2018 to July 20,2018. The time it will take to fund your loan may vary. 7 Important Disclosures for Earnest. Earnest Disclosures
8 Important Disclosures for Avant. Avant Disclosures* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC. ** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33 * Important Disclosures for Upgrade Bank. Upgrade Bank Disclosures* Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. This rate includes an Autopay APR reduction of 0.5%. By enrolling in Autopay your payments will be automatically deducted from you bank account. Selecting Autopay is optional. Annual Percentage Rate is inclusive of a loan origination fee, which is deducted from the loan proceeds. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. All loans made by WebBank, member FDIC. Please refer to Upgrade’s Terms of Use and Borrower Agreement for all terms, conditions and requirements. ** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days. |
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![]() | 8.09% – 35.99% | $1,000 - $50,000 | |
![]() | 5.74% – 16.49%1 | $5,000 - $100,000 | |
![]() | 7.99% – 35.89%* | $1,000 - $50,000 | |
![]() | 5.99% – 24.99%2 | $5,000 - $35,000 | |
![]() | 5.99% – 29.99%3 | $10,000 - $35,000 | |
![]() | 5.99% – 18.99%4 | $5,000 - $50,000 | |
![]() | 9.99% – 35.99%5 | $2,000 - $25,000 | |
![]() | 6.95% – 35.89%6 | $1,000 - $40,000 | |
![]() | 6.99% – 18.24%7 | $5,000 - $75,000 | |
![]() | 9.95% – 35.99%8 | $2,000 - $35,000 |