Last Updated: 01/07/2026
SuperMoney User Recommendation Score -52
Strongly not recommended52 total votes
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Highlights
Community Rating
Strongly not recommended
APR (Fixed APR)
6.53% - 35.99%(Verified 07/11/2024)
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Amount Range
$1,000 - $50,000
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Loan Term (Months)
36 - 60
Number of Reviews
Upstart Personal Loans Review
Upstart Personal Loans is offered by Upstart Mortgage LLC, a marketplace lending platform founded in 2012 and based in San Mateo, CA. Upstart loans are available in 49 states and Washington, DC.
Key Takeaways
- APRs starting at 6.53%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Upstart Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, Upstart Mortgage LLC will send the money in as little as 24 hours.
- Large loan amounts. You can apply for loan amounts of up to $50,000 with Upstart Personal Loans .
- Prequalified rate. You can check your prequalified rate at Upstart Mortgage LLC with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 0% to 12%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
Upstart loans Pros & Cons
| Pros | Cons |
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Upstart loans FAQ
What interest rates and personal loan terms does Upstart loans offer?
Upstart loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Upstart loans offer?
Upstart loans offers a fixed APR personal loan product that ranges from 6.53% APR up to 35.99% APR.
How much can you borrow via Upstart loans?
Personal loan amounts start at $1,000 and go up to $50,000
What is the maximum loan term you can get with Upstart loans?
Upstart loans offers loans with terms of up to 60 months.
| Personal Loan Amount | $1000 - $50000 |
| Loan Term | 36 - 60 months |
| APR | 6.53% - 35.99% |
What fees does Upstart loans charge?
Does Upstart loans charge an origination fee?
Upstart loans may charge a personal loan origination fee of 0% to 12% of the personal loan amount . Upstart loans deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Upstart loans charge a late fee?
Yes, Upstart loans may charge a late payment fee if you miss one of the regularly scheduled payments of up to $15.
Does Upstart loans charge prepayment fees?
No, Upstart loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% - 12% |
| Prepayment Fee | No |
| Late Payment Fee | $15 |
What do you need to qualify for Upstart Personal Loans?
Applicants with a credit score of at least 620 and up to 850 may be eligible for Upstart Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Upstart Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Upstart Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
|
| Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Upstart loans?
Upstart loans will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does Upstart Personal Loans report your account activity to credit bureaus?
Yes, Upstart Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Upstart Mortgage LLC perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Upstart loans allows you to check your rates with a soft credit pull.
Are Upstart Personal Loans legit?
Upstart was founded in 2012, it is a well-established company that has been in business for 14 years. Upstart Personal Loans is strongly not recommended by SuperMoney community users.
Upstart Personal Loans Disclosure: This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Duplicate offers received as a result of multiple injuries by the same person are void. This offer may be accepted only by the person identified in this offer and legally able to enter into a contract for the extension of credit and a U.S. citizen or permanent resident and currently a resident in the US. You may be eligible for loan amounts from $1,000 to $50,000, subject to final loan approval. The minimum loan amount is $6,000 for borrowers in Ohio and $7,000 for borrowers in Massachusetts. APRs range from 6.00% - 29.99%. Not all applicants will qualify. Loan approval, APR and loan amount will be determined based on your credit, income and other information provided in the application. Closing your loan is contingent upon you meeting our eligibility requirements, our verification of your information and your agreement to all of the terms and conditions on the www.upstart.com website. If you accept your loan by 5 PM ET (except weekends and holidays) you will receive your funds the next business day. Education-related loans are subject to a mandatory 3 business day waiting period, following the applicant’s acceptance of the loan terms.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Upstart loans
Message from our editor
What we love about Upstart
Upstart is a company that looks at more than just your credit score. For example, Upstart will look at things like your employment history, education, and future earnings potential when making a lending decision. That means that you may be able to qualify for a loan from Upstart, even if you have poor credit.
The company offers a quick and easy online application process and lets people borrow up to $50,000, which is sufficient to cover most expenses that people would need to use a personal loan for. If approved, Upstart can get the funds to your bank account as soon as the next business day.
Borrowers can work with Upstart from almost anywhere in the US. The only state where Upstart isn’t available is West Virginia.
What could Upstart do better?
Upstart does have some flaws to consider. One is that because it has an unusual process for determining creditworthiness, those with strong credit might get denied. If you have great credit but little education and work history, Upstart may not approve your application.
The company’s rates may also be higher than some of its competitors’ rates because of its unusual process.
Upstart’s backstory
Upstart is an online lending marketplace that matches lenders with borrowers using non-traditional methods to determine creditworthiness. The company was founded in 2012 and is headquartered in California.
The Verdict
If you need to borrow money but haven’t had time to build credit, Upstart can be a good choice of lender. If you have good education history and high earning potential, Upstart can offer strong loan options. If you have good credit, you’ll probably be able to get a loan from a more traditional lender, removing one of the main benefits of Upstart.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -52, or 2 on a 5-point rating scale.
-52
-1000+100
No one recommends
Everyone recommends
Upstart Personal Loans Community Reviews
Would you recommend Upstart Personal Loans to your friends?
DC
Dylan C.
Oct 31, 2023
May or may not recommend
My Upstart personal loan has always been there to help me through tough times. Not only does it support me through tough purchases, it helps advance the goals and futures of my family! For these reasons, I rate Upstart personal loans, above average!
U
Anonymous
Sep 14, 2023
May or may not recommend
I am a shareholder in UPST. Since their stock has declined, I decided to apply for a loan through their website. However, first I looked at their advertisements which offer interest rates from "Fixed rates and terms Choose between personal loans in 3 or 5 year terms, with fixed rates of 5.2% - 35.99% APR."
Next I filled out an application stating a high salary with all required information. Meanwhile, my ...Show More
GS
Gee S.
Mar 4, 2023
May or may not recommend
The company refuses to report my updated balance in over 60 days. They are vindictive and their lack of inconsistent reporting will prevent you from obtaining the credit that you deserve. I would never recommend this company.
S
Saif
Nov 26, 2022
May or may not recommend
I tried to seek a loan through Upstart to cover the moving expenses after accepting a new job while in my last semester of college, but wasted an entire month dealing with loan reviewers who didn't understand what a college "Transcript" is.
In addition to the job offer, transcripts, and other documents, they insisted I upload a screenshot of my student portal. I should have seen this as a red flag ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I got a credit consolidation loan with Upstart and had no problems. Yes, the monthly payments are high but that is with most loans. The only thing is you have to pay through automatic payments so you better have the money in the bank.
Hollie B.
Aug 23, 2022
May or may not recommend
I got a credit consolidation loan with Upstart and had no problems. Yes, the monthly payments are high but that is with most loans. The only thing is you have to pay through automatic payments so you better have the money in the bank.
BY
Bettie Y.
Apr 27, 2022
May or may not recommend
I got a loan with Upstart earlier this year to pay of credit cards. The payment is very high than what I was quoted on their original webpage. Beyond that the process is simple but I wouldn't want my friends to go through this. If I knew what I knew now then I wouldn't have gone through with it.
PH
Patrick H.
Apr 24, 2022
May or may not recommend
This company has good customer service and can make the money lending process quick and easy. Even offering lower payment options which can be nice if your condensing debt. However before applying do some digging into the fine print. The high amount of interest you'll pay can equal to over double what your initially borrowing. It can take you a long time to dig yourself out of this loan but ...Show More
U
Anonymous
Oct 24, 2021
May or may not recommend
Company is terrible… tell you are approved one day then declines you the next.
Lies…
CH
Chelsea H.
Sep 30, 2020
May or may not recommend
Was pre-approved for a loan through upstart. The process was quick and easy and I would have the money to do my balance transfer in a short amount of time. Unfortunately when I started digging more into the APR and information they provided. After their fees and interest rate, I would be paying even more money and have a higher interest rate than the current card I was trying to ...Show More
Redbelle M.
Nov 5, 2019
May or may not recommend
False advertising. Claim that they dont rely on credit score alone. Credit not the best but have solid employment. Wanted to use it to consolidate debt. Wish I would have read reviews before taking hit to my credit
JR
Jill R.
Oct 15, 2019
May or may not recommend
I tried to pay off my Upstart loan using a balance transfer payment from Discover. Since Upstart doesn’t accept electronic payments, a check was mailed. Upstart never received it. When Discover tried to do an investigation into what happened to the payment, Upstart made it difficult by requiring either a Power of Attorney form or an Authorization to Communicate form, forcing the investigating process to take longer than necessary. ...Show More
CB
Cris B.
Sep 17, 2019
May or may not recommend
I don't know how this company has so many bad reviews but my experience was flawless. I applied for a credit card consolidation loan and I was approved the same day. I had the money in my bank account the next day. I have a lower score than most (637) and had a bankruptcy discharge 4 years ago. My interest rate is 13.26% and my fee was 4.48%. Loan is ...Show More
OS
Old S.
Aug 15, 2019
May or may not recommend
We were pre-approved for a loan with Upstart, but found their questions invasive. We sent in the requested bank statement, income info, etc. Then they wanted a screen shot of our account activity for the previous three days. I sent it. Then they wanted me to explain a recent large deposit (we sold something and used the proceeds to pay off some debts). I explained this, but they wanted ...Show More
Ana S.
Jul 31, 2019
May or may not recommend
An unjustified excuse for a second loan.
I applied for a loan with Upstart around the end of March to April and I received an approval on April 2019. The approved loan was for $5,000.00, the amount financed was $5,181.49, the finance charge was $4,519.23, the APR was 28.09%, the number of payments was 59 from May 10th, 2019 through April 10th, 2024. My prepaid financed charge was $381.51, the principal ...Show More
JD
Joy D.
Jul 26, 2019
May or may not recommend
Applied for a loan everything was approved, because of their credit check my score dropped 22 points which then they denied me the loan all in the same day. What kind of lending is this company doing!!! Approving and then denying because their credit check hurt my score which now hurts me from getting approved elsewhere what a scam!!!!
Bobby J.
May 10, 2019
May or may not recommend
BS company, applied for a loan. Self Employed and they count IRS tax deduction in Income. Have 750 score and money saved. Really crappy
MZ
Masood Z.
May 7, 2019
May or may not recommend
They are absolutely horrible.
If your time is valuable so don’t waste your with them.
James G.
Apr 12, 2019
May or may not recommend
Fucking sand fleas took my money and never gave me my loan reporting them to the bbb
Ron H.
Apr 10, 2019
May or may not recommend
I got a personal loan from them. To payoff medical bills. Easy to get. Only had one problem. The only way you can payoff the loan early seems to be by phone. You can't get a payoff statement online or by email. They can mail a payoff statement by mail but that takes 5-10 days to get.
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