If you’re researching reliable lending options backed by a reputable financial institution, the Goldman Sachs Personal Loan may have been on your radar. For years, Goldman Sachs offered a highly competitive personal loan through its digital platform Marcus, helping borrowers consolidate debt, finance major purchases, and manage expenses with ease.
Today, while Goldman Sachs Personal Loan is no longer available for new applicants, many people still hold active loans under Marcus. Since all personal loans were issued via Marcus by Goldman Sachs, we refer to Marcus where applicable to support ongoing borrowers and provide insights into related financial services.
Introduction to Goldman Sachs Group, Inc.
Before exploring the details of the Goldman Sachs Personal Loan and what it offered through Marcus, it’s important to first understand the institution behind the service. Knowing the bank’s history, scale, and areas of expertise provides valuable context and helps explain why so many borrowers trusted Goldman Sachs when it entered the personal lending space.
History of Goldman Sachs Group, Inc.
Marcus Goldman founded Goldman Sachs in 1869 as a small commercial paper firm. Over 150 years, the company grew from these simple beginnings into one of the world’s most powerful financial institutions. The firm operates from its headquarters in New York City. Throughout its history, Goldman Sachs has led major economic events. For example, they helped Silicon Valley tech companies rise and guided clients through the 2008 global financial crisis.
The firm built its reputation on capital markets expertise, strategic advice, and global investment banking. Today, Goldman Sachs works in dozens of countries. Additionally, they serve many types of clients, including governments, multinational corporations, asset managers, and wealthy individuals.
Goldman Sachs Group, Inc. General Services
Goldman Sachs organizes its business into several main service areas:
- Investment Banking: They advise on mergers and acquisitions (M&A). They also underwrite debt and equity offerings.
- Global Markets: They trade securities, manage risk, and provide market insights.
- Platform Solutions: They offer consumer products like the Apple Credit Card and point-of-sale financing through GreenSky. They also provide savings and personal loans under Marcus.
- Asset & Wealth Management: They create investment strategies and manage portfolios for institutions and individuals.
The bank’s Business Lending mainly targets large institutions and investment funds. However, Goldman Sachs also helps small businesses through its 10,000 Small Businesses program. This nationwide initiative provides education and capital access through partnerships with local lenders.
All about Goldman Sachs Personal Loan Service
While Goldman Sachs is famous for its investment banking services, its Personal Loan product was designed to meet everyday financial needs with fairness and clarity. So, let’s discover what personal loans are, how Goldman Sachs delivered them through Marcus, and why they were considered a strong option by many borrowers.
What is a Personal Loan
Before exploring the details of the Goldman Sachs Personal Loan, it’s important to understand how a personal loan works and why it’s become a popular financial tool for many individuals.
A personal loan is a type of unsecured installment credit. That means you don’t need to pledge any collateral, such as a home, car, or other assets, to borrow. Instead, your creditworthiness, income, and financial history determine your eligibility and terms. Once approved, borrowers receive a fixed lump sum of money and repay it in equal monthly installments over a set period of time.
Compared to credit cards, personal loans usually offer lower interest rates and more structured repayment plans. This predictability is particularly valuable for borrowers who want to eliminate high-interest debt, plan for major expenses, or simply gain more control over their financial obligations.
Goldman Sachs Personal Loan through Marcus
From 2016 until early 2023, Marcus by Goldman Sachs became a widely trusted name in consumer lending. Unlike many traditional banks or online lenders, Marcus focused on delivering a clean, honest experience, no fees, no surprises, and a simple digital interface. This approach helped Marcus quickly gain popularity, especially among borrowers looking for alternatives to credit card debt or complex loan structures.
Borrowers turned to Goldman Sachs Personal Loan for a wide variety of reasons, including:
- Debt consolidation: Simplifying monthly payments by rolling multiple credit card balances into one fixed-rate loan.
- Medical costs: Covering out-of-pocket expenses or elective procedures not covered by insurance.
- Home improvement: Funding renovations, upgrades, or energy-efficient projects without tapping into home equity.
- Major life events: Financing weddings, relocation costs, or unexpected emergencies.
Note: Although Marcus officially stopped accepting new personal loan applications in 2023, existing loans are still being fully serviced. This means that customers who have already received funding continue to benefit from their original loan terms, including fixed rates, zero fees, and full access to all digital tools.
Why Goldman Sachs Personal Loan Stands Out
Goldman Sachs Personal Loan Service was designed with transparency and user experience in mind. They offered several borrower-friendly features that set them apart from many competitors:
- Loan amounts: Ranged from $3,500 to $40,000 depending on credit profile and income.
- Term flexibility: Borrowers could choose loan terms from 36 to 72 months, providing more control over monthly payments.
- Fixed APRs: Interest rates were locked in and did not fluctuate during the life of the loan.
- No fees at all: Marcus never charged origination fees, late payment fees, or prepayment penalties.
- AutoPay rate discount: Borrowers who enrolled in automatic payments could qualify for a lower interest rate.
- Direct Pay option: Funds could be sent directly to creditors, simplifying debt consolidation.
This combination of clarity, flexibility, and affordability made Marcus a standout in the personal loan space. It appealed especially to those who wanted a simple, no-surprise borrowing experience, free from the fine print and gotchas that often accompany traditional loans.
Support for Existing Borrowers
Even though Goldman Sachs has paused the Personal Loan program for new applicants, support for existing personal loan customers continues without interruption. Every borrower who secured a loan before 2023 still benefits from full access to Marcus’s digital tools and customer service channels.
Here’s what current borrowers can still enjoy:
- Full account access: Log into the Marcus website or mobile app to view your loan balance, payment schedule, and transaction history.
- Flexible payment management: Need to change your due date? That feature is still available through the app.
- U.S.-based customer support: Marcus retains a dedicated team to assist with questions, help manage your account, or resolve issues.
Importantly, loan terms will not change, and Marcus will continue to honor all agreements exactly as stated when the loan was originated. Whether you’re halfway through your loan or approaching the final months, you’ll still experience the same streamlined service and borrower protections that Marcus was famous for.
Goldman Sachs Personal Loan: Terms & Rates
When considering any personal loan, it’s crucial to understand repayment terms, interest rates, and fees. For years, Marcus by Goldman Sachs offered one of the most transparent and borrower-friendly personal loan products on the market. While applications are no longer open, these terms continue to apply to all existing borrowers.
Repayment Structure and Loan Duration
Goldman Sachs Personal Loan followed a fixed monthly repayment plan, meaning borrowers made the same payment every month until customers paid off the loan. This structure gave people the ability to budget confidently, without the unpredictability that can come with credit card debt or variable-rate loans.
Key repayment features included:
- Monthly fixed payments: Due on the same day each month, providing predictable cash flow management.
- Flexible loan durations: Borrowers could choose terms of 36, 48, 60, or 72 months. Longer terms generally resulted in lower monthly payments, while shorter terms meant less interest paid overall.
- Payment date flexibility: After disbursement, borrowers could adjust their due date to better match their income cycle or monthly expenses.
This flexibility made Marcus loans well-suited for borrowers with fixed incomes or fluctuating pay schedules.
Interest Rates and Fee Transparency
Goldman Sachs Personal Loan featured fixed Annual Percentage Rates (APRs) that were determined upfront based on the applicant’s credit profile. Unlike variable-rate loans, Marcus loans maintain the same rate throughout the loan term, giving borrowers peace of mind.
Even more notable: Marcus charged no fees. There were no origination fees, no penalties for paying off early, and no late payment fees—an uncommon but welcome policy in the lending space.
Here’s a detailed look at what borrowers could expect:
| Loan Amount | Term Options | APR Range | Fees | Autopay Discount |
| $3,500 – $40,000 | 36–72 months | ~6.99% – 19.99% | None | Yes (lower APR) |
- APR depended on: Credit score, debt-to-income ratio, and whether the borrower enrolled in AutoPay.
- No hidden charges: Marcus’s no-fee policy applies throughout the life of the loan.
- Consistent payments: Borrowers always knew the exact amount they owed each month.
This structure gave borrowers full visibility into the total cost of their loan from the start: no surprises, no guesswork.
Key Highlights for Borrowers
Even compared to many modern fintech lenders, Goldman Sachs Personal Loan stood out for its customer-first approach. Here are the most appreciated features:
- Early repayment allowed: Borrowers could pay off their loan ahead of schedule without facing extra charges.
- Predictable budgeting: Fixed monthly payments made long-term planning easier.
- Zero late fees: Even if a payment was missed, Marcus didn’t impose punitive charges.
- No penalties, no pressure: There is no punishment for borrowers for trying to pay faster or for needing a little payment flexibility.
For many customers, these features made Marcus a preferred option over traditional bank loans or credit card refinancing. Looking for capital to grow your business? Goldman Sachs also offers tailored Business Loans that provide flexible funding for small and mid-sized companies across a variety of industries.
Goldman Sachs Personal Loan: Added Benefits
While Goldman Sachs Personal Loan Service is no longer available to new applicants, the service continues to operate seamlessly for those who already have an active loan. This is an important distinction. Goldman Sachs has made it clear that it remains fully committed to supporting its existing Marcus loan customers.
Continued Support and Loan Management
Even after discontinuing new personal loan applications, Marcus continues to provide a robust and accessible platform for loan management. Borrowers can stay in full control of their accounts without needing to visit a branch or speak to a representative unless they want to.
Key services available to current borrowers include:
- Online access: Through the Marcus website or app, borrowers can check balances, view payment history, and manage their loan status with just a few clicks.
- Responsive customer service: Marcus still offers U.S.-based support, which is known for being fast, knowledgeable, and easy to reach.
- Flexible scheduling: If your payment date no longer aligns with your budget cycle, you can request to adjust it, even after your loan is active.
This ongoing support ensures that the Goldman Sachs Personal Loan experience remains consistent, even if the product is no longer marketed to new customers. That level of reliability continues to set Marcus apart in the personal lending space.
Features of the Marcus Mobile App
The Marcus mobile app plays a central role in giving borrowers hands-on control. It remains fully functional, and the bank still updates regularly to ensure security and performance.
With the app, borrowers can:
- View account information: Quickly check your loan balance, upcoming payment, and total payment history.
- Adjust payment dates: If needed, you can reschedule your monthly payment—no phone calls or paperwork required.
- Manage linked savings and CDs: For borrowers who also use Marcus for savings or CDs, the app offers one dashboard to oversee multiple accounts.
This all-in-one tool simplifies personal finance management and provides peace of mind. Even though the lending product has sunset for new applicants, Marcus has ensured that app functionality for active loans is fully preserved.
A Trusted Experience That Continues
For many borrowers, one of the biggest concerns after a product is retired is whether the quality of service will drop. That hasn’t happened here. Goldman Sachs has maintained full operational support for Marcus personal loans and continues to deliver the same level of quality that customers initially signed up for.
Borrowers who took out a loan before 2023 still receive:
- Full access to digital tools
- Reliable customer support
- Transparent loan terms with no hidden changes
This long-term commitment is a sign of trustworthiness—a core value that has helped Goldman Sachs remain a respected name in finance for over 150 years. Looking for a new financial tool? Explore Goldman Sachs Credit Cards, which offer everyday spending benefits, rewards, and special partnerships like the GM Rewards Card.
FAQs about Goldman Sachs Personal Loan
When Goldman Sachs Personal Loan service is no longer open to new applications, it’s natural for both existing and potential borrowers to have questions. This section answers the most common concerns about the Personal Loan through Marcus.
Can I still apply for a Goldman Sachs Personal Loan?
- Goldman Sachs stopped accepting new personal loan applications through Marcus as of early 2023. This was part of a shift in its consumer lending strategy. However, the bank continues to offer other valuable financial products.
Are existing Marcus Loans still being serviced?
- All current personal loans remain active under their original terms. Borrowers still receive full support through Marcus’ online platform and mobile app.
Is there a penalty for paying early?
- One of the most borrower-friendly features of the Marcus loan was the absence of prepayment penalties. You can pay off your loan early without any extra cost.
What other products can I apply for instead?
- Marcus still provides access to high-yield savings accounts, certificates of deposit (CDs), credit cards, and digital investing tools. These are ideal for users looking to grow or manage their finances in other ways.
Is Marcus part of Goldman Sachs?
- Marcus is the consumer banking brand of Goldman Sachs. It helps to bring the bank’s financial expertise to everyday customers in a modern, accessible format.
Can I manage my personal loan through the app?
- The Marcus app remains fully functional for current borrowers. It allows you to view balances, make payments, adjust due dates, and manage savings or CDs all in one place.
The Goldman Sachs Personal Loan, offered through Marcus, once stood out for its simplicity, fairness, and zero-fee design. While it’s no longer available to new applicants, the experience it delivered continues to benefit many borrowers today. To grow wealth better, you can consider the Goldman Sachs Investing Service, with many solutions and the help of professional advisors and tools.
