Simple, fee-free loan with an on-time-payment reward built in.
Get started at Goldman Sachs Bank USA → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.1 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Borrowers who want a no-frills loan with predictable payments and a meaningful on-time bonus.
Marcus by Goldman Sachs — Simple, fee-free loan with an on-time-payment reward built in. Best for: Borrowers who want a no-frills loan with predictable payments and a meaningful on-time bonus.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
After 12 consecutive on-time monthly payments, Marcus allows you to defer one monthly payment without accruing interest during the deferral period. Your loan term extends by one month, and no late fee applies. This is an unusual benefit — most lenders charge fees or accrue interest during any pause in payments. To use the reward, you request a payment deferral through your Marcus account. You can only use this reward once.
No. Marcus charges no origination fee, no prepayment penalty, and no late fee. This is genuinely unusual — most personal lenders charge at least an origination fee (typically 1–8% of the loan amount, deducted at funding) and often a late fee of $25–$40. Marcus absorbs these costs in exchange for slightly higher APR floors than the lowest-APR competitors. If you're a fee-averse borrower who wants predictable pricing, Marcus's zero-fee structure is a meaningful advantage.
Marcus personal loans range from 9.99% to 24.99% APR (as of 2026). Your actual rate depends on your credit score, income, debt-to-income ratio, and loan term. Borrowers at the high end of the credit spectrum (720+ FICO) and shorter terms typically qualify for rates closer to the floor. Unlike some lenders, Marcus does not offer an autopay discount — the rate you receive is your rate. Pre-qualify with a soft pull at marcus.com to see your actual rate without impacting your credit score.
No. Marcus personal loans are single-borrower only — there is no co-signer or co-borrower option. If your credit profile alone doesn't qualify for the rate you want, Marcus is not the right product for you. Lenders that allow co-signers include SoFi and some credit unions. The single-borrower model simplifies servicing but does mean borrowers with thin credit or recent negative history must either qualify on their own or look elsewhere.
Marcus typically deposits loan funds to your bank account within 1–4 business days of approval and acceptance. Direct deposit timing also depends on your bank's ACH processing schedule. Marcus does not offer same-day funding. If you need funds within 24 hours of approval, LightStream (which advertises same-day funding for applications approved by a daily cutoff) or lenders with instant-transfer options may be a better fit. Verify current funding timelines at marcus.com.
Yes. Marcus by Goldman Sachs reports payment history to the three major credit bureaus — Equifax, Experian, and TransUnion — each month. Consistent on-time payments build your credit history, while missed or late payments are reported and can harm your score. The CFPB's consumer credit reporting guide at consumerfinance.gov explains how installment loan payment history affects your credit file. Marcus's fee-free structure means there are no late fees, but late payments still carry the credit-reporting risk.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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