The online lending arm of Goldman Sachs, Marcus, has started offering home improvement loans as part of its push into consumer lending. The loans, available in the range of $3,500 to $40,000 for periods of three to six years, come with no sign-up fees, no late fees and no prepayment fees. In case of late payments, customers just have to pay interest for the additional days. Additionally, the relatively quick application process doesn’t require a home appraisal.
Source: Retail Banker International