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POOLCORP & LIGHTSTREAM LOAN PROGRAM - lightstream auto loan review

POOLCORP & LIGHTSTREAM LOAN PROGRAM-lightstream auto loan review

LOAN PROGRAM DonMeyer,Sr.Director
of Financial Services for POOLCORP
What is LightStream.com?
LightStream is the online lending division of SunTrust Bank, a FORTUNE 500
company. Borrowers can obtain an unsecured loan from LightStream to use
for almost any purpose, with competitive fixed rates and flexible terms.
How successful has this program been?
Consumers using PoolCorp's loan program with LightStream have financed more than $50 million in new pools,
remodeled existing pools and other major purchases.
Who is eligible to borrow through LightStream?
You must be a U.S. resident, at least 18 years of age, and have good to excellent credit.
Is the program available in all 50 states?
Yes, LightStream loans are available through the Internet, across the United States.
For how much can the loan be?
A borrower can be issued a loan ranging from $5,000 up to $100,000*.
For what purpose can the borrowed funds be used?
Funds can be used for virtually anything that a borrower chooses...from pool installation to outdoor kitchens,
landscaping, hardscaping, even pool furniture.
How long does the loan approval process take?
Qualified applicants can be approved in minutes during business hours and may receive their funds as soon as
the same day.
Are there any fees?
No. There are no LightStream fees or processing charges, nor penalties for early payment.
Does LightStream allow for joint applications?
Yes. Joint applicants are encouraged to apply.
What loan terms are available?
Loan amounts are selected by the borrower at competitive fixed rates and flexible
terms from 24 to 84 months*.
What are the interest rates?
Please visit www.swimmingpool.com/lightstream for the most up to date interest rates.
How can a borrower apply for a loan?
Simply visit www.swimmingpool.com/lightstream, click the link to LightStream's page, and then complete
and submit the application.
What can a POOLCORP Dealer offer as an incentive to his
customers to participate in this program?
For a funded loan that was directly referred through a POOLCORP Dealer's website link, the Dealer's customer
will receive a .25 percentage point interest rate discount over the life of the loan.
Will the Dealer be notified when financing takes place
for their customer?
Notification will not be available. You will need to get information about funding status from your customer.
May a Dealer modify any of the marketing material, etc.
provided by POOLCORP for this program?
No modifications are allowed to the materials.
How can I get more information about LightStream?
Visit their website at: www.LightStream.com
Why is POOLCORP working with LightStream?
POOLCORP is working with LightStream to help our industry help its customers. LightStream has made it easy
for clients with substantial and excellent credit histories to focus on what they're purchasing, not how to finance
it. The company delivers an intuitive self-service platform for originating loans, and allowing borrowers to
choose the loan use and terms that work best for them. It's a quick and easy online process, that is consumer
friendly and streamlined.
* Payment Example: Monthly payments for a $10,000 loan at 4.74% APR with a term of 3 years would result in 36 monthly payments of $298.54 for the
purpose of Home Improvement/Pool/Solar. Advertised terms are subject to change without notice.
You can fund your loan today if you apply, are approved, and complete the following steps by 11:30 a.m. Pacific time, 2:30 p.m. Eastern time on
regular business days (M-F): (1) review all disclosures and your loan agreement carefully, and electronically sign your loan agreement; (2) provide us with
your funding preferences and relevant banking information; and (3) complete the final verification process. Excludes federal holidays.
? 2014 SunTrust Banks, Inc. All rights reserved. Lending services provided by SunTrust Bank, member FDIC.
SunTrust Bank is an Equal Housing Lender.
LightStream and LightStream Lending are service marks of SunTrust Banks, Inc. SunTrust is a federally registered service mark of SunTrust Banks, Inc.
All other trademarks are the property of their respective owners. Lending services provided by SunTrust Bank, member FDIC.

Is it better to finance a car through a bank or dealership?Advantages of financing through a bank Banks offer better and lower interest rates, and they work with a variety of lenders to find the right one for you. Since banks don’t sell cars, they will not be trying to recoup their investment by selling the vehicle. Also, banks offer better rates than dealerships.