A: The process is easy, either complete an online application or call one of our loan specialists to discuss programs and answer any questions.
A: Your application will be decisioned within a business day and one of our loan specialists will reach out to you to take you through each step.
A: Yes, a secured home improvement loan can use your equity and increase the value of your home.
A: There are no pre-payment penalties so you can pay off the loan at any time.
A: Checks are made payable to the homeowners and pool contractor according to the draw schedule and mailed to the homeowners after closing.
A: LightStream is the national online lending division of Truist Bank. For consumers with good to excellent credit, LightStream provides low-interest, fixed-rate, unsecured loans through a fast and easy online process.
A: LightStream makes it possible to get funds up to $100,000 by applying online from your smartphone, tablet or computer. The unsecured LightStream loan has no fees or prepayment penalties. There are also no appraisals or home equity requirements.
A: You can apply online in minutes and get a quick response during business hours. Qualified applicants may receive their funds as soon as the same day.1
A: You can use your LightStream loan to fund virtually anything related to your swimming pool, from pool installation to outdoor kitchens, landscaping, hardscaping, even pool furniture. One loan can finance your entire backyard project at once.
* Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay may be higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
Payment example: Monthly payments for a $25,000 loan at 6.89% APR with a term of 12 years would result in 144 monthly payments of $255.63.
1After receiving your loan from us, if you are not completely satisfied with your experience, please contact us. We will email you a questionnaire so we can improve our services. When we receive your completed questionnaire, we will send you $100. Our guarantee expires 30 days after you receive your loan. We reserve the right to change or discontinue our guarantee at any time. Limited to one $100 payment per funded loan. Truist teammates do not qualify for the Loan Experience Guarantee.
2LightStream will offer a rate .10 percentage points lower than the rate offered by a competing lender subject to satisfactory evidence being provided that you were actually approved for a lower rate with another lender for the same loan terms offered by LightStream by no later than 2 p.m. Eastern time one business day prior to loan funding. The Rate Beat Program excludes secured or collateralized loan offers from any lender and the competitive offer must be generally available to any customer with a similar credit profile. Terms are subject to change at any time.
3You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.
Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners.
**APR= annual percentage rate 4.75% APR on a $50,000 loan would result in 60 monthly payments of $937.85. Your loan terms, including APR, may differ based on the loan purpose, amount, term, and your credit profile. Advertised rates and terms are subject to change without notice. All loans subject to credit approval.
***15 year balloon loan example: $50,000 loan amount with 6.25% APR would result in 179 payments of $307.86 and 1 payment of $36,025.00.
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