Upstart is a student loans lender based in San Carlos, CA. It was founded in 2012 and offers student loan refinancing in 50 states (and Washington, DC).
The range of APRs you qualify for when refinancing a student loan will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 8.69% to 29.99% APR.
Yes, Upstart charges a loan origination fee of 1% 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.
Yes, Upstart charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
Upstart provides refinancing loans of 3 to 5 years.
Upstart considers loans applications from:
Active duty servicemembers and their covered dependents cannot apply for a loan via Upstart. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Upstart will typically fund loans within 7 and 14 days of approval.
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