Competitive rates from 6.7% to 35.99% APR. Borrow $1,000–$75,000, fast approval—even for minimal or no credit history.

Apply now

You will be redirected to another website

Introducing Upstart Personal Loans

Upstart Personal Loans stand out for their fast funding, flexible approval criteria, and accessibility to borrowers across various credit backgrounds. With APRs ranging from 6.7% to 35.99%, applicants can borrow between $1,000 and $75,000 with repayment terms of 36 or 60 months. The highlight? Even those with limited or no credit history are considered. There are no early payoff penalties, making it easy to save on interest if you pay your loan off sooner.

Once approved, Upstart disburses 99% of loan funds the next business day, ensuring funds reach your bank quickly. Loan purpose can range from debt consolidation to covering major life events. Origination fees vary between 0% and 12%, and late fees start at either $15 or 5% of amount due. Upstart requires a Social Security number for all applicants.

How to Apply: Step-by-Step

To start your Upstart application, visit their website and submit a simple online form with your personal and financial details. No financial documents are needed at first—just basic information for initial screening.

Once the soft credit check is complete, you’ll see potential offers without affecting your credit score. If you like the terms, proceed to the full application and authorize a hard credit inquiry for final approval.

Verify your identity, link your bank account, and digitally sign the loan agreement. Approval is usually quick, with funds sent the next business day if paperwork is completed before 5 p.m. ET Monday–Friday.

Advantages of Upstart Personal Loans

Upstart welcomes borrowers with limited or no credit history, making it a lifeline for those building credit. The transparent process and fast funding add significant convenience. No prepayment penalty helps you save on interest.

Applicants enjoy the flexibility of a soft initial credit check, ensuring your score isn’t affected unless you decide to move forward. The wide range of loan funds accommodates both small and large financial needs.

Potential Drawbacks

Origination fees may be as high as 12%, potentially reducing the total amount you receive. Additionally, late fees can add up if payments are not made on time, and physical copies of agreements require a $10 fee. Social Security numbers are required for eligibility.

Borrowers with excellent credit may find APRs higher than other offers on the market. Take note of all fees before accepting funds to ensure the costs align with your budget.

Verdict: Is Upstart Right for You?

Upstart Personal Loans are an excellent solution for those seeking quick funding and have less-established credit. With inclusive eligibility and prompt disbursement, it’s a compelling offer.

However, be mindful of the origination and late fees. If quick, hassle-free access to funds and flexible qualification are priorities, Upstart is a smart choice to consider for your financing needs.

Competitive rates from 6.7% to 35.99% APR. Borrow $1,000–$75,000, fast approval—even for minimal or no credit history.

Apply now

You will be redirected to another website