Marcus by Goldman Sachs Personal Loan Review (2026)
Marcus by Goldman Sachs is the consumer banking arm of Goldman Sachs Group, launched in 2016. Its personal loan product offers $3,500 to $40,000 with zero fees — no origination fee, no prepayment penalty, and no late fee. Marcus is notable for its on-time payment reward: if you make 12 consecutive on-time payments, you can defer one payment without interest accruing. APRs range from 6.99% to 24.99% for qualified borrowers.
Pros and cons
Pros
- No fees: no origination, no prepayment, no late fee
- On-time payment reward: defer one payment after 12 months
- Backed by Goldman Sachs (strong brand trust)
- Competitive APRs for good-credit borrowers
Cons
- Maximum loan $40,000 (lower than some competitors)
- Minimum score ~660 (stricter than fintech lenders)
- No co-borrower option
- Funding takes 1–4 days, not same-day
Marcus by Goldman Sachs — common questions
What is Marcus's on-time payment reward?+
After making 12 consecutive on-time monthly payments, Marcus allows you to defer one full monthly payment to the end of your loan with no interest charged on that month. The deferred payment is added to the end of your loan term.
Does Marcus do a hard credit pull?+
Marcus offers a prequalification with a soft pull so you can check your rate without affecting your credit score. Accepting and finalizing a loan triggers a hard pull.
What credit score does Marcus require?+
Marcus does not publish a minimum, but most approved borrowers have FICO scores of 660 or above. The lowest APRs require 720+ scores.
Can I get a Marcus loan with bad credit?+
No. Marcus targets good-to-excellent credit borrowers and does not work with scores below approximately 660.
Alternatives to Marcus by Goldman Sachs
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Editorial disclosure: This review is prepared by Get Advance Loan’s editorial team and is independent of the reviewed lender. Get Advance Loan is a free loan marketplace and may receive compensation from lender partners when users accept loan offers through our platform. This compensation does not influence our editorial assessments. All rate data is sourced from the lender’s public disclosures and is accurate as of June 2026. Verify current rates directly with Marcus by Goldman Sachs before applying.