Marcus by Goldman Sachs Review

4.5

Goldman Sachs' consumer lending brand offers no-fee personal loans with competitive rates and a unique on-time payment reward.

EncryptedNo Credit Impact2 Minutes

APR Range

8.99% – 25.99%

Loan Amount

$3,500 – $40,000

Min. Credit

660

Funding Speed

1 – 4 business days

Marcus by Goldman Sachs Personal Loan Review

Marcus brings Goldman Sachs' financial expertise to consumer lending with a straightforward, no-fee personal loan product. Their standout feature is the on-time payment reward: make 12 consecutive on-time payments, and you can defer one payment (interest still accrues, but it provides flexibility). There are absolutely no fees — no origination, no late, no prepayment penalties. Marcus requires good credit but offers very competitive rates in return.

Best For

Good-credit borrowers who want zero fees and payment flexibility

Pros

  • No fees whatsoever
  • On-time payment reward (defer a payment after 12 consecutive payments)
  • Competitive rates for good credit
  • Backed by Goldman Sachs
  • No impact on credit for pre-qualification

Cons

  • Minimum credit score of 660
  • No co-signer or joint applications
  • Maximum loan of $40,000
  • No mobile app for loan management

Loan Details

APR Range8.99% – 25.99%
Loan Amounts$3,500 – $40,000
Repayment Terms36 – 72 months
Minimum Credit Score660
Funding Speed1 – 4 business days
FeesNo origination fee. No late fee. No prepayment penalty.

Key Features

On-time payment reward
No fees
Pre-qualification
Goldman Sachs backed

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Marcus by Goldman Sachs at a Glance

Rating
APR
8.99% – 25.99%
Amount
$3,500 – $40,000
Min. Score
660
Funding
1 – 4 business days
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