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Personal Loans

Marcus by Goldman Sachs Personal Loans Review

Updated Jun 26, 2023   |   2-min read

at Marcus’s secure website
Editorial Rating

Editorial Rating

What we like:

No fees

Rates (APR)5.99%28.99%
Loan Terms3 – 6 years
Loan Amounts$3,500$40,000
FeesOrigination fee: None

Prepayment penalty: None

Late fee: None
See how Marcus’s personal loan product stacks up with other options

Goldman Sachs is a well-known financial firm in business for about 150 years. When many people hear the name, they think of investment banking and Wall Street.

However, in recent years, Goldman Sachs has introduced more consumer-friendly banking products. Now, the company uses its clout to provide personal loans named after one of its founders, Marcus Goldman.

This Marcus by Goldman Sachs personal loan review will cover what you need to know to decide if this lender is right for you.

In this review:

Marcus by Goldman Sachs: At a glance

Marcus personal loans
Loan amounts$3,500$40,000
Term lengths36 – 72 months
APRs6.99% – 19.99%
Origination fee$0
Late payment fee$0
Prepayment fee$0
Minimum credit score660
Minimum annual income$40,000

Pros & cons of Marcus loans


  • Low interest rate

    With Marcus, you can get a competitive personal loan rate. If you’re hoping to consolidate debt, this rate can save you a great deal of money.

  • Soft credit pull

    The initial pull on your credit will be soft so you can compare loans. However, a hard inquiry will later be used to finalize your loan terms.

  • Loan flexibility

    You can choose a monthly payment amount on the website when you apply. As long as you qualify for the loan, Marcus will try to fit your loan options around what you’re looking for, with loan terms of up to 72 months.

  • No fees

    Marcus by Goldman Sachs loans are truly no-fee loans. You don’t have to worry about origination, prepayment, or late fees.

  • Skip a payment

    One of the benefits of Marcus by Goldman Sachs is that, after 12 months of on-time payments, you can skip a payment without incurring additional interest charges. Instead, you just pay at the end of your loan term.

  • Customer support

    Marcus offers customer support seven days a week, allowing you to speak with a human on the phone when needed.

  • Financial dashboard

    The Marcus dashboard is easy to manage, and if you have a savings account with Marcus, you can see all your financial accounts with the company in one place. This can help you manage your options and stay on top of your money.


  • Not for bad-credit borrowers

    According to company data, more than 80% of Marcus borrowers have a credit score of at least 660, which is generally the minimum score the lender looks for when approving loans. Based on our own assessment, we’ve found Marcus works best as a fair-credit personal loan. Borrowers with bad and good credit can find better options elsewhere.

  • Minimum income

    Marcus requires an annual salary of $40,000 to qualify. You’ll want to look for another lender if you don’t meet this requirement.

  • Loan amounts

    Another issue to be aware of is that the minimum loan amount is $3,500. If you don’t need to borrow that much, you should look for a lender with a lower minimum loan amount, such as Upstart. Likewise, if you want a loan with a larger maximum amount, consider LightStream or SoFi.

>> Read More: Personal Loans for Bad Credit Borrowers

Applying for a Marcus Personal Loan

Getting a loan from Marcus by Goldman Sachs is fairly straightforward. You start by sharing basic information, including:

  • Name
  • Address
  • Social Security number
  • Birthdate
  • Annual income with proof, such as tax returns or bank statements
  • Monthly housing payment.
  • How much you want to borrow and your desired monthly payment.

During this process, Marcus will ask what you will use the personal loan for before providing different loan options.

Realize, though, that your final loan offer will depend on your credit report, as well as your income and other factors, which Marcus will only be able to assess if you move forward with a full application.

Where to find Marcus personal loan alternatives

Marcus is an excellent option if you have at least fair credit. If you qualify for the lowest rates, you can use a personal loan for credit card consolidation and save thousands. The sign-up process is easy, and the fixed rate and lack of fees make these loans predictable.

However, before you make your choice, research your options and compare offers from several different lenders to ensure that you are getting the best deal for your needs. Our guides to the best personal loans and best fair credit loans are excellent resources for comparing your options.

For a more direct side-by-side view, you can check out our Marcus vs. SoFi comparison.