If you're searching for a Marcus by Goldman Sachs personal loan, here's the fact that most pages bury: you can't get one. Marcus stopped accepting new personal loan applications in January 2023, and as of July 2026 there is still no way to apply. This article explains what happened, what it means if you already have a Marcus loan, and which lenders fill the gap Marcus left behind.
The Short Version: Marcus Personal Loans Are Gone
Marcus was Goldman Sachs' consumer brand, launched in 2016, and its personal loans were widely liked. The loans ran from $3,500 to $40,000 with no origination fees, no prepayment penalties, and no late fees, a fee structure almost nobody else matched.
In late 2022, Goldman announced a broad retreat from consumer lending after the business racked up billions in losses, and Marcus stopped originating new personal loans in January 2023. The pullback didn't stop there. Goldman also sold its GreenSky home improvement lending platform, ended its General Motors credit card partnership, and moved to exit the Apple Card. As of July 2026, nothing has reversed: Marcus does not offer personal loans, and there's no indication it will again.
What Marcus Still Offers Today
The Marcus brand didn't disappear. As of July 2026, Marcus operates as the online consumer deposits arm of Goldman Sachs Bank USA, offering high-yield savings accounts and certificates of deposit. Those products remain competitive and FDIC insured.
So if you're looking for a place to save, Marcus is still an option. If you're looking to borrow, you'll need a different lender.
What Existing Marcus Loan Borrowers Should Know
Still paying off a Marcus loan? Here's what matters:
- Your terms didn't change. Your rate, payment amount, and payoff schedule stay exactly as your loan agreement set them. A lender exiting new originations can't rewrite existing contracts.
- Your loan may have been sold. Goldman sold large chunks of the Marcus loan portfolio to investment funds, including funds managed by Rithm Capital and Varde Partners. If your loan was sold, you received (or will receive) a notice naming your new servicer.
- Watch your servicing notices. When a loan transfers, the payment address or portal can change. Read any mail or email about your loan carefully, and update autopay if instructed. Federal law gives you a grace window on payments misdirected during a transfer, but don't rely on it.
- No prepayment penalty still applies. Marcus loans never charged one, so paying off early remains free and often smart.
- Keep records. Save your original loan agreement and payment history, especially through a servicing transfer, in case of reporting errors on your credit.
If you're unsure who currently services your loan, check your credit report; the current servicer appears there.
Why People Loved Marcus, and What to Look for in a Replacement
Marcus set a specific bar: no fees at all, flexible payment date options, and an on-time payment reward that let borrowers defer a payment after 12 consecutive on-time payments. When comparing replacements, measure them against that standard:
- Origination fees. Many lenders charge 1% to 12% off the top. A low APR can hide a big fee, so compare full APRs, which include fees.
- Prepayment penalties. Avoid any personal loan that charges one.
- Rate check method. Prefer lenders that prequalify with a soft pull.
- Funding speed and term options. Marcus offered 3 to 6 year personal loan terms; make sure the replacement fits your timeline.
Where to Get a Personal Loan Now
Two options cover most of the ground Marcus used to.
Upstart is an online lending marketplace that partners with banks to offer personal loans from $1,000 to $75,000, a wider range than Marcus ever had. Its underwriting model considers factors beyond your credit score, including education and work experience, which can mean approval for borrowers with shorter credit histories. Checking your rate takes minutes and uses a soft pull, so your score isn't affected until you formally apply. Depending on the loan, origination fees may apply, so review your specific offer. For current rates and terms, see our Upstart personal loans review.
Upstart
Upstart
Upstart is an online lending marketplace that partners with banks to provide personal loans from $1,000-$75,000. Upstart goes beyond traditional lending metrics to help you find financing that considers many factors including your education and experience
Standout feature
AI-driven underwriting that goes beyond your credit score — checking your rate is a soft pull with no score impact, most applicants are approved instantly, and funds can arrive as soon as the next business day.
Fees
Origination fee 0%–12% of the loan amount
Pros
No minimum credit score required (AI-based approval)
Cons
Origination fee: up to 12%
MoneyLion takes the comparison shopping approach. Its marketplace matches you with personal loan offers from multiple providers in minutes, with no credit score impact to browse. Since no single lender replaced Marcus' exact terms, seeing several live offers side by side is the most reliable way to find the lowest total cost for your credit profile. Our MoneyLion personal loan review walks through exactly how that marketplace works.
APRs and terms vary by creditworthiness. Terms and conditions apply.
MoneyLion
MoneyLion
Compare personal loan offers from top providers in minutes with no credit score impact with the MoneyLion Marketplace.
Standout feature
Soft-pull marketplace that surfaces prequalified personal loan offers from a network of lenders, with options up to $100,000 and partners that work with fair and bad credit
Fees
Free to use the marketplace
Pros
Compare multiple lender offers in minutes; soft credit pull to prequalify — no impact on your score
Cons
Final approval requires a hard pull from the chosen lender
The Bigger Lesson From the Marcus Shutdown
Marcus' exit is a useful reminder that even loans from giant banks can change hands. Your protections live in the loan agreement, not the brand name. Whoever you borrow from next, keep your paperwork, favor lenders with clean fee structures, and prequalify with more than one before committing. Rates vary enough between lenders that a 15-minute comparison often saves hundreds of dollars.
Frequently Asked Questions
Can I still apply for a Marcus by Goldman Sachs personal loan?
No. Marcus stopped accepting new personal loan applications in January 2023 as part of Goldman Sachs' exit from consumer lending, and as of July 2026 applications remain closed. Any site suggesting you can apply for a new Marcus loan is out of date.
Who do I pay if I still have a Marcus personal loan?
You pay whoever currently services your loan. Goldman sold portions of the Marcus portfolio to investment funds managed by firms including Rithm Capital and Varde Partners, and affected borrowers were notified of their new servicer. Your rate and terms stay the same. If you're unsure, check your latest statement or your credit report.
Is Marcus by Goldman Sachs still in business?
Yes, but only for savings products. As of July 2026, Marcus offers high-yield savings accounts and CDs through Goldman Sachs Bank USA, all FDIC insured. It no longer offers personal loans, credit cards, or its former invest product.
What's the closest alternative to a Marcus personal loan?
No lender copied Marcus' no-fees-at-all model exactly, so the practical answer is to compare. Upstart offers loans from $1,000 to $75,000 with soft-pull rate checks, and MoneyLion's marketplace shows offers from multiple lenders at once. Prioritize low total APR and no prepayment penalty.
