Upstart Personal Loans are designed for speed and flexibility. With APRs ranging from 6,7% to 35,99% and loan amounts between €1,000 and €70,000, this offer stands out for those with limited or no credit history. You can select terms of 36 or 60 months, enjoying the security of fixed monthly payments. Funds are generally sent the next business day after approval, letting you address urgent financial needs with confidence.

How to Apply Step by Step

1. Visit the Upstart website and start your application.
2. Fill out your personal information and desired loan amount.
3. Submit documents to verify your identity and income, if required.
4. Review your loan offer, APR, and terms.
5. Accept the loan and sign the agreement electronically.
6. Receive your funds, usually by the next business day.

Pros: Fast Funding & Credit Flexibility

One of the top advantages of Upstart is the almost instant approval process and quick funding. Most applicants receive their money within one business day, making it ideal for time-sensitive expenses.

Another significant pro is Upstart’s openness to applicants with limited credit or low scores (from 300). This inclusivity increases access for those who need funds but lack an extensive credit history.

Cons: Fees and Documentation

However, Upstart charges an origination fee from 0% to 12% of the loan amount. This fee is deducted before the funds are delivered, slightly reducing your net disbursement.

The process may include relatively high late fees and a charge for requesting paper copies of your loan agreement, which can add unforeseen costs for some borrowers.

Verdict

Upstart Personal Loans strike a balance between speed, flexibility, and inclusiveness, making them a solid option for borrowers needing quick cash and those with thin credit files. Consider the fees and compare offers for your unique needs.