Marcus by Goldman Sachs: an honest look at the rates and the fine print
Marcus offers straightforward, no-fee personal loans backed by Goldman Sachs, with a deferral perk for on-time borrowers. It is a clean choice for mid-to-strong credit, though it does not lend for every purpose and has pulled back from parts of the consumer market — check current availability.
Marcus by Goldman Sachs
Personal loans · Bank · NMLS #208156 · Founded 2016
- Personal loan APR9.99–24.99%
- Loan amounts$3,500–$40,000
- Terms36–72 months
- Origination feeNone
- Min credit score660 (est.)
- Funding time1–4 business days
Independent profile. Loans Advisor is not affiliated with, or compensated by, this lender.
Where Marcus by Goldman Sachs fits
Strengths
- No fees whatsoever
- On-time payment reward (deferral)
- Backed by a major institution
Watch-outs
- Lower maximum loan amount
- No co-applicants
- No secured or joint options
What a $10,000 loan could cost
Using Marcus by Goldman Sachs's published APR range of 9.99%–24.99% on a $10,000 loan over 3 years, here is the spread between its best and worst pricing:
The low figure assumes Marcus by Goldman Sachs's best advertised rate (9.99% APR); the high figure its ceiling (24.99% APR). Your actual rate depends on your credit. Run your own numbers in the personal loan calculator.
Best for
Based on its rates and products, Marcus by Goldman Sachs is most relevant if you're looking at:
Terms worth knowing
Quick definitions for the fine print on this page:
Marcus by Goldman Sachs: common questions
Is Marcus by Goldman Sachs a legitimate lender?
Yes. Marcus is the consumer-lending brand of Goldman Sachs, launched in 2016 and based in New York, NY, operating under NMLS #208156. It offers straightforward, no-fee personal loans backed by a major institution. Note that Goldman has pulled back from parts of consumer lending, so confirm current availability with Marcus.
What credit score do you need for a Marcus loan?
Marcus does not publish a firm cutoff, but its loans generally suit mid-to-strong credit, with an estimated minimum around 660. It does not accept co-applicants, secured collateral, or joint applications, so approval rests entirely on your individual profile.
What fees does Marcus charge?
None. Marcus charges no origination fee, no sign-up fee, and no prepayment or late fees. It also offers an on-time payment reward that lets you defer a payment after a stretch of consecutive on-time payments, making it one of the cleaner options for mid-to-strong credit.
How much can you borrow from Marcus and over what term?
Marcus personal loans range from $3,500 to $40,000 with terms of 36 to 72 months, and funding typically takes 1 to 4 business days. The $40,000 ceiling is lower than several competitors, so borrowers needing larger sums may need to look elsewhere.
Figures are researched from public rate sheets and regulatory filings and change often — verify current terms with Marcus by Goldman Sachs before applying. Loans Advisor is not affiliated with, or paid by, Marcus by Goldman Sachs, and earns no referral fee from this profile.