ATLANTA, Oct. 29, 2013 /PRNewswire/ -- In today's financial environment, obtaining a consumer loan can be complicated and time consuming, even for borrowers with strong and extensive credit histories.
LightStream, a national online consumer lending division of SunTrust Bank, now offers the AnythingLoan, a fast and flexible consumer loan, through http://www.lightstream.com.
Borrowers with excellent and substantial credit can obtain an unsecured loan up to $100,000 from LightStream to use for almost any purpose, with competitive fixed rates and flexible terms. Loans may be obtained anywhere in the U.S. on LightStream's easy-to-navigate site. Applicants complete a short online form and receive a response within minutes. The process requires little, if any, paperwork; in many cases, funds can be delivered to a borrower's bank account the same day an application is submitted. Further, there are no LightStream fees or processing charges, nor penalties for early payment."The LightStream AnythingLoan reflects SunTrust's focus on continuously evolving our solutions and services to meet people's ever-changing financial circumstances," said Beverly Ladley, Head of Retail Products and Consumer Lending for SunTrust Bank. "As the name suggests, the AnythingLoan can be used to finance almost anything, simply and quickly. It's been designed for people with excellent credit who want to take advantage of direct online lending, with the low interest rates and self-service efficiencies that LightStream delivers through its proprietary loan origination technology. It's another way SunTrust is helping clients achieve financial well-being."
The AnythingLoan Advantage For the first time, the unsecured AnythingLoan allows consumers to borrow funds for purchases that had previously required collateral, or fell into categories where few or no loan options existed. With the unsecured AnythingLoan, borrowers can finance a wide range of vehicle, lifestyle, personal and life-stage needs:
- New, used, lease buy-out and classic car loans--as well as loans for boats, marine products, RVs, non-commercial trucks and motorcycles--are delivered at competitive rates, providing consumers with the negotiating power of a cash buyer and the flexibility to shop for the vehicle they choose from any seller, anywhere.
- Home repairs, additions, remodeling projects, swimming pools and solar installations – and their related costs -- can be funded with the flexible AnythingLoan.
- Timeshares, destination clubs or country club memberships, which have had limited financing options, can be easily funded with the AnythingLoan.
- Fractional purchases of real estate, airplanes and yachts can be financed through the AnythingLoan, providing a fixed rate loan solution with no need to secure the collateral.
- Adoptions, IVF and elective medical treatments loans can be arranged directly between the consumer and LightStream, maintaining financial privacy when engaging with medical providers.
- Life events such as preK-12 education tuition, weddings, bar/bat mitzvahs and quinceaneras can be funded with the AnythingLoan.
- Higher-interest loans can also be refinanced in many cases, at competitive AnythingLoan rates.