Goldman Sachs became a famous financial institution for prizing its quality and variety of services. What most people don’t know, however, is that it has an online-only platform, Marcus. It works with bank accounts, loans and other services for individuals that enjoy taking care of their finances through a user-friendly website.
You can even get a personal loan in a simple fashion through Marcus by Goldman Sachs. This service is flexible and incredibly cheap to keep if you already have an excellent credit score. It works with minimum $3.500 loan amounts and allows users to lend up to $40.000.
These are quite standard numbers, but the banks works hard to make them worth it. For starts, Marcus has a no fees policy that you’ll certainly enjoy through the many perks that you’ll have access to.
There are also some rewards and even financial education resources for people who decide to use Marcus. Keep reading to find out how it works, main advantages and some of its perks and problems.
How does Marcus by Goldman Sachs work?
Marcus by Goldman Sachs is an online only platform that aims to offer banking and financial services to as many people as possible. It has to be affordable to do so, which brings us to its no-fees policy. Unlike what happens with many other loan providers, you won’t have to worry about any sort of fee.
It offers unsecured loans to users who have at least 730 as a credit score. There are also some unique features that you’ll understand soon.
Advantages of using Marcus by Goldman Sachs
Marcus by Goldman Sachs is well known for having no major fees and a low interest rate. But there are all sorts of perks that you can enjoy. For example, you can use Goldman Sachs’ financial education resources to get a better hang of your money.
Other perks you can use include:
- No fees policy;
- Offers direct payment to third parties, such as credit cards;
- Change your payment date up to three times;
- Ability to skip a payment after 12 consecutive on time payments;
- Low interest rates for those with excellent rates;
- Large maximum loans, up to $40.000;
- Autopay discount;
- Find out if you’re pre approved without harming your score.
Payment terms, interest rates and fees
There aren’t any fees, but you have to pay attention to payment terms and APRs before you make a decision. Check them out:
- 6,99% to 24,99% interest rate according to your credit scores;
- Loan term from 3 to 6 years.
You can apply easily through Marcus Goldman Sachs’ official website.
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