Upstart stands out as a debt consolidation loan provider because of its flexible credit requirements and fast funding. With an estimated APR between 6.70% and 35.99%, borrowers can find suitable options for different financial situations. Loan terms of 36 to 60 months let consumers choose repayment plans that work best for their budget. Loan amounts range from R18,000 to R900,000 for most applicants. Upstart considers more than just your credit score—your education, employment history, and banking activity can help strengthen your application.

How to Apply Step-by-Step

Start by checking your eligibility online with a soft credit check, which won’t affect your score. Enter your personal details, employment information, and desired loan amount. Upload the necessary documentation as prompted by the online platform. Review your loan terms and select options that fit your goals. If you’re approved, accept your loan and receive funds as soon as the next business day.

Major Benefits

Upstart offers quick funding, often within 24 hours after approval—ideal if you need to consolidate debts urgently. Their unique underwriting looks beyond credit scores, improving the chances for applicants with diverse backgrounds. The process is entirely online, making it straightforward and accessible.

Things to Consider

Origination fees can be higher than some competitors, impacting the total loan amount received. Upstart doesn’t allow cosigners, so you’ll need to qualify on your own. Only two repayment terms are available: 36 or 60 months, limiting flexibility for some.

Our Verdict

Upstart is a compelling choice if you value fast funding, flexible qualification criteria, and fully online processing. However, evaluate fees and term limits against your long-term goals before proceeding. For those seeking to consolidate high-interest debts with a straightforward application process, Upstart is a solid contender.