Upstart Personal Loans
in Personal Loans from Upstart
Would you recommend Upstart Personal Loans to your friends?
| Community Rating | Strongly not recommended |
| Loan Amount | $1,000 - $50,000 |
| APR (Fixed APR) | 6% - 29.99% |
| Loan Term | 36 - 60 months |
| Number of Reviews | 38 |
Upstart Personal Loans Review
Upstart Personal Loans is a personal loan offering by Upstart, a marketplace lender based in San Carlos, CA. Founded in 2012, Upstart offers access to personal loans in 49 states (and Washington, DC).
What rates and terms does Upstart Personal Loans offer?
What personal loan APRs does Upstart Personal Loans offer?
Upstart Personal Loans 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.
How much can you borrow via Upstart Personal Loans?
Loan amounts start at $1,000 and go up to $50,000.
What can a personal loan from Upstart Personal Loans be used for?
Personal loans from Upstart Personal Loans 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 Personal Loans?
Upstart Personal Loans 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.
| Loan Amount | $1000 - $50000 |
| Loan Term | 36 - 60 months |
| APR | 6% - 29.99% |
What fees does Upstart Personal Loans charge?
Does Upstart Personal Loans charge an origination fee?
Upstart Personal Loans charges a loan origination fee of 0% to 8% of the loan amount. Upstart Personal Loans 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 Personal Loans charge a late fee?
Yes, Upstart Personal Loans may charge borrowers a late payment fee of up to $15
Does Upstart Personal Loans charge prepayment fees?
No, Upstart Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | 0% - 8% |
| Prepayment Fee? | No |
| Late Payment Fee | $15 |
What do you need to qualify for a loan with Upstart Personal Loans?
Applicants with a credit score of at least 620 can apply for a loan via Upstart Personal Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a loan with Upstart Personal Loans, applicants need a minimum annual income of $12,000 or higher. Upstart Personal Loans 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 Personal Loans. 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
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Joint Applications Accepted? | Yes |
| Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Upstart Personal Loans?
Upstart Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.
Does Upstart Personal Loans report loan payments to credit bureaus?
Upstart Personal Loans may report credit data to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| No Prepayment Fee | |
| Late Fee Amount | $15 |
| Origination Fee | 0% - 8% |
Upstart Personal Loans Community Reviews
Would you recommend Upstart Personal Loans to your friends?
