Goldman Sachs Bank Personal Loan – How to Apply

There are many reasons for why you may need to apply for a personal loan – from consolidating debt, financing unexpected expenses, to others. If you’re planning to apply for one, knowing the best loan deals is important for finding the best loan program for you. 

Goldman Sachs’ Personal Loan is one that you might want to check out. If you’re looking for a fixed-rate loan, with no fees involved, this deal might be the right one for you.

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Here, we have prepared a brief guide that will let you discover what to expect from Marcus by Goldman Sachs’ unsecured personal loan. Read on to learn more about its features, cons, application requirements, and fees and charges.

Goldman Sachs Bank Personal Loan - How to Apply
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Features

Marcus by Goldman Sachs offers a fixed-rate, no fee personal loan. Specifically, under its unsecured personal loan deal, eligible customers can borrow a total of $3,500 to $40,000, with a fixed annual percentage rate ranging from 6.99% to 19.99% APR, depending on the customer’s creditworthiness. 

By availing Goldman Sachs’ Personal Loan, customers can enjoy and take advantage of the program’s flexible loan terms, which could range from 36 to 72 months, enabling them to distribute the cost of their repayment that will suit their budget.

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Moreover, since the loan boasts its no-fee feature, customers won’t have to worry about paying their application fees, origination fees, and prepayment fees, thereby enabling them to save more money compared to other loan programs.

Cons

There are no joint loans under Marcus by Goldman Sachs. Specifically, this means that two or more borrowers can’t share on a single loan. Often, joint loans are preferred by those who want to access a larger or cheaper loan than they would originally qualify for as individuals.

Application Requirements

One of the best things about the Goldman Sachs Bank personal loan is that the application process is almost entirely virtual. This means that you can apply right at the comfort of your home.

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Marcus doesn’t provide a specific list of what credit score, income, or debt-to-income ratio is needed to qualify for their loans. 

However, minimum requirements for loans typically include being over the age of 18, having a valid U.S. bank account, and Social Security number or Individual Tax ID Number, as well as having a proof of employment.

To apply, simply visit Marcus by Goldman Sachs’ official site. The site will then provide you the loan options you may qualify for based on your input. Pick the one that matches your budget and preferred loan term and finalize your application by verifying your identity.

Fees and Interest Rates

  • APR – 6.99% to 19.99%
  • Application fee – $0
  • Origination fees – $0
  • Prepayment fees – $0

Contact Info and Address

Interested individuals can learn more about Goldman Sachs’ Personal Loan by calling 1-844-MARCUS1 (1-844-627-2871).

You may also visit Marcus at their headquarters, and their address is listed below.

Marcus by Goldman Sachs

200 West Street

New York City, New York

Goldman Sachs Bank Personal Loan - How to Apply

The Bottom Line

Do you think Goldman Sachs Bank personal loan comes with features that suit your financial needs? If you’re possibly interested feel free to contact Marcus by Goldman Sachs as early as today.

You may also talk to your financial advisor to see if the loan is indeed the best option for you, or if there are other more worthy deals you may wish to consider.

Note: There are risks involved when applying for and using a loan. Please see the bank’s Terms and Conditions page for more information.