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Where does Upstart do business?
Upstart is a marketplace lender based in San Carlos, CA. Founded in 2012, Upstart offers access to personal loans in 49 states (and Washington, DC).
What personal loan APRs are offered via Upstart?
Upstart offers a fixed APR personal loan product that ranges from 6% APR up to 29.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
Does Upstart charge an origination fee?
Yes, Upstart charges a loan origination fee of 0% to 8% of the loan amount. Upstart deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Upstart charge a late fee?
Yes, Upstart may charge borrowers a late payment fee of up to $15
Does Upstart charge prepayment fees?
No, Upstart does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via Upstart?
Loan amounts start at $1,000 and go up to $50,000.
What can a personal loan from Upstart be used for?
Personal loans from Upstart are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Upstart?
Upstart offers personal loans with terms ranging from 36 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Upstart?
Applicants with a credit score of at least 620 can apply for a loan via Upstart . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a Upstart loan, applicants need a minimum annual income of $12,000 or higher. Upstart only considers borrowers who are employed and meet the minimum income requirement.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Upstart. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Applicants must have an active and valid checking account
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
What is the estimated funding time for a personal loan via Upstart?
Upstart will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.
Does Upstart report loan payments to credit bureaus?
Upstart may report credit data to the following credit reporting agencies:
2 Circle Star Way
San Carlos, CA 94070 USA
- Visit Site
Other Services by Upstart
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|No Prepayment Fee|
|Late Fee Amount||$15|
|Origination Fee||0% - 8%|
|Credit Score Range||
620 - 850
850 300 620
|Immigration Status Considered||
|Minimum Annual Income||$12,000|
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$1K - $50K|
|Loan Term (Months)||36 - 60|
|APR (Fixed APR)||6% - 29.99%|