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Marcus by Goldman Sachs® Personal Loans: 2025 Review

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Sulaiman Abdur-Rahman
Sulaiman Abdur-RahmanUpdated February 25, 2025

Overview of Marcus by Goldman Sachs®

Marcus by Goldman Sachs® no longer accepts new applications for personal loans. In what Goldman Sachs described as a “strategic reorganization,” the company in 2022 decided to significantly narrow its consumer strategy. That’s why Goldman Sachs started a process to cease offering new loans through Marcus, according to its 2022 annual report.The Takeaway: Marcus by Goldman Sachs is no longer an option for new online consumer loans. You can consider other alternatives if you’re searching for online personal loans.

Pros of Marcus by Goldman Sachs

Marcus by Goldman Sachs no longer accepts new applications for personal loans, but it used to receive positive reviews from former customers. The promise of no late fees and the ability to defer one payment after making at least 12 consecutive monthly payments made Marcus a unique option.

Cons of Marcus by Goldman Sachs

In addition to Marcus by Goldman Sachs no longer accepting new applications for personal loans, borrowers generally needed good credit to qualify. Borrowers with bad credit may qualify for subprime personal loans.

What to Watch Out for With Marcus by Goldman Sachs Personal Loans

Here are aspects to watch out for with Marcus personal loans:
  • Marcus by Goldman Sachs no longer accepts new applications for personal loans
  • Goldman Sachs Bank USA no longer services Marcus personal loans
  • Marcus personal loan customers as of Dec. 11, 2023, now have to make loan payments to their new servicer, Systems & Services Technologies Inc. (SST)

Repayment Options for Marcus by Goldman Sachs Personal Loans

Marcus personal loan customers, as of Dec. 11, 2023, are now connected with SST. Borrowers affected by this change have to make required loan payments to SST, not Goldman Sachs.You can contact your new loan servicer if you are one of the Marcus personal loan customers affected by this change.

Why Is SST Servicing Marcus Personal Loans?

Goldman Sachs Bank USA transferred its servicing rights of Marcus personal loans to SST effective Dec. 11, 2023. As mentioned earlier, Goldman Sachs in 2022 decided to significantly narrow its consumer strategy. This paved the way for Goldman Sachs to stop accepting Marcus personal loan applications before transferring its personal loan customer base to SST.

Can You Apply for a Marcus by Goldman Sachs Personal Loan?

As mentioned above, Marcus by Goldman Sachs no longer accepts new applications for personal loans. This means you can no longer apply for a new Marcus personal loan. What you can do, however, is consider some of the alternatives highlighted below.

Alternatives to Marcus by Goldman Sachs Personal Loans to Consider

Marcus no longer accepts new personal loan applications, so here are some alternatives to consider:
LenderLoan amountsAPR rangeMaximum term
Achieve (formerly FreedomPlus)$1,000 to $100,000+8.99% to 29.99%5 years
Avant$2,000 to $35,0009.95% to 35.99%60 months
Best Egg$2,000 to $50,0006.99% to 35.99%60 months
LendingClub$1,000 to $40,0008.91% to 35.99%60 months
OneMain Financial$1,500 to $20,00018% to 35.99%60 months
Prosper$2,000 to $50,0008.99% to 35.99%5 years
Universal Credit$1,000 to $50,00011.69% to 35.99%60 months
Upgrade$1,000 to $50,0007.99% to 35.99%84 months
(The above information on APR range, loan amounts, and maximum term lengths will be updated weekly, every Monday.)Some other options you might want to consider include:With Lantern by SoFi, you can quickly and easily compare personal loan offers from multiple lenders all in one marketplace. Just fill out one simple form, explore your financing options, and apply for a personal loan that fits your needs.Lantern can help you find personal loan offers.

Frequently Asked Questions

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About the Author

Sulaiman Abdur-Rahman
Sulaiman Abdur-RahmanSulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and served as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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