![]() Can pay for car repairs, utility bills, plumbing or appliance repairs, and more.Can consolidate debt and pay for home improvements, weddings, vacations, and more.Neither loan option requires collateral or allows joint applications. ![]() Though the primary personal loan offers a straightforward application process, applicants for the Ready Now Loan must meet additional requirements to qualify. Truist offers two personal loan products, its primary personal loan and its Ready Now Loan. Truist provides small business products, mortgages, personal loans, vehicle loans, home equity lines of credit, insurance, wealth management, and more. It currently has over 2,000 branches and 3,000 ATMs. states and D.C., making it the seventh-largest bank in the U.S. The newly formed bank serves 15 million clients across 17 U.S. Truist Bank, headquartered in Charlotte, North Carolina, is the product of a 2019 merger between BB&T and SunTrust. Truist also states that more loans and terms are available through LightStream. Though this quiz may point you to Truist’s loan products, it may also direct you to LightStream, previously an online division of SunTrust. Not sure which loan is right for you? Truist offers an online quiz that can help. Its other product, the Ready Now Loan, is an emergency loan offered in $100 increments up to $1,000 with an APR of 16.94%. Its primary product lets you borrow up to $100,000, and has an APR ranging from 8.19% to 17.24%. Truist currently offers two personal loan products. Finally, all BB&T and SunTrust products have been integrated as Truist products. ![]() The merger was in process through 2022, and concluded around January 2023. Truist Bank formed in 2019 after a merger between BB&T Bank and SunTrust. However, Lighstream's rates can be as high as 25.49% compared to just 17.24% from Truist, meaning many other borrowers would still be better off with Truist. Borrowers with excellent credit will likely find Lightstream a better option. LightStream’s rates start as low as 7.99% APR with autopay, compared to Truist's lowest rate of 8.19%. Slightly lower APRs for excellent credit are available through LightStream, an online lending division of Truist.Customers must pay $5 for every $100 they borrow, which amounts to a 5% origination fee. Unlike its personal loan with no origination fee, Truist’s emergency loan comes with an origination fee. ![]()
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