Upstart Personal Loans
Upstart Personal Loans
in Personal Loans from Upstart

Upstart Personal Loans

in Personal Loans from Upstart
SuperMoney Net Recommendation Score -51  


This product is strongly not recommended by SuperMoney users with a score of -51, equating to 2 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

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Community Rating Strongly not recommended
APR  (Fixed APR) 6.53% - 35.99%
Loan Amount $1,000 - $50,000
Loan Term (Months) 36 - 60 months
Number of Reviews 51

Upstart Personal Loans Review

Upstart Personal Loans is offered by Upstart, a marketplace lending platform founded in 2012 and based in San Carlos, CA. Upstart Personal Loans are available in 49 states (and Washington, DC).

Key Takeaways

  • APRs starting at 6.53%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Upstart Personal Loans are on the lower end of the spectrum.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • 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 with a soft pull that will not affect your credit score.
  • Origination fees of up to 8%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • Minimum income of $12,000. You will need an annual income of at least $12,000 to apply for Upstart Personal Loans, which is below average for the lenders in our database

Upstart loans Pros & Cons

Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 35.99%.
  • Charges an origination fee of up to 8% of the loan amount.
  • Charges a late fee of $15

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.

Upstart loans Interest Rates & Loan Terms
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 8% 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 borrowers a late payment fee if you miss one of the monthly 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.

Upstart loans Fees
Origination Fee 0% - 8%
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.

To qualify for personal loans 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.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members 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.

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
  • Proof of citizenship or residence permit
Upstart loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 620 - 850

    What is the estimated funding time for a personal loan via Upstart loans?

    Upstart loans will typically approve (or deny) a loan application within 24 hours and fund loans within 7 business days of approval.

    Does Upstart Personal Loans report your account activity to credit bureaus?

    Yes, Upstart Personal Loans reports your account activity to the following credit reporting agencies:

    • 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 improve your credit.

    Is Upstart a legit company?

    Upstart was founded in 2012, it is a well-established company that has been in business for 11 years. Upstart Personal Loans are 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 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: 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

    This is Upstart. Our mission is to enable effortless credit based on true risk. Why? Because credit really matters. Money is a fundamental ingredient of life, and unless you’re one of the few percent of Americans with significant wealth, the price of borrowing affects you every day. Throughout history, affordable credit has been central to unlocking mobility and opportunity. Upstart is a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for our bank partners. By leveraging Upstart's AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart is one of the first to apply AI to the multi-trillion dollar credit industry. Upstart goes beyond the FICO score, using non-conventional variables at scale to provide superior loan performance and improve consumers' access to credit.

    You are more than your credit score. Fair and fast personal loans, next day funding, no prepayment penalty.

    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.


      Available in 49 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • 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
    • Washington, DC
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Late Fee Amount $15
    No Prepayment Fee
    Origination Fee (%) 0% - 8%
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Minimum Annual Income $12,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Recent Pay Stubs
    • Proof of Income
    Credit Score Range 620 - 850
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Customizable Payment Dates
    Funding Time Range 1 - 7 days
    Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    Pre-Qualified Soft Credit Inquiry
    APR Type Fixed APR
    Loan Amount $1,000 - $50,000
    APR (Fixed APR) 6.53% - 35.99%
    Loan Term 36 - 60 months

    Upstart Personal Loans Community Reviews


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    This product is strongly not recommended by SuperMoney users with a score of -51, equating to 2 on a 5 point rating scale.


    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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