Overview

As an industry-leading lending marketplace, Upstart connects consumers to more than 100 banks and credit unions that offer superior credit products. The online matching service offers a flexible personal loan range from $1,000 to $50,000. It is quick and easy to apply, and once approved, funds are deposited into your account as soon as the next working day.

Upstart's wide range of lenders offers funding solutions to individuals of all credit ratings. It also offers low, fixed interest rates and loan terms with no hidden fees. With an extensive customer base exceeding 2.8 million, Upstart has successfully originated over $35 billion in loans, establishing its position as a leading financial technology company.

Requirements

To apply for a personal loan with Upstart, individuals must meet specific criteria. This includes verifying identity with a confirmed name, date of birth, and social security number.

All applicants must be at least 18 years old. If they do not meet credit score requirements, they must have a degree from an accredited 4-year college or university or be enrolled in a more advanced degree program. Applicants must have a U.S. address, and proof of U.S. residency is required.

It is worth noting that certain states have specific minimum loan amounts. Having a U.S. banking account with a routing transit number and demonstrating a stable income source is also essential.

Loan Process

Applying for a personal loan with Upstart is quick and easy. Simply follow these simple steps:

1. Check your rate online: Complete an online form that only takes a few minutes and won’t affect your credit score. You’ll need to provide some basic personal, financial, and security information.

2. Choose your loan: Upstart's AI technology will find the best loan offers from trusted lenders that match your eligibility. Take some time to review your options before choosing the right loan for you and your financial needs.

3. Receive your funds: Experience speedy funding with 99% of personal loan funds sent just one business day after signing. With Upstart, funds are disbursed quickly and hassle-free to meet your financial needs.

Loan Terms

As Upstart operates as a lending marketplace and not a direct lender, loan terms may vary between lenders. Your loan amount is determined based on influencing factors such as credit, income, and other information provided in your application. However, here's a general overview of the terms:

Flexible loan amounts

Borrow funds between $1,000 and $50,000, with minimum loan amounts varying by state.

Fixed rates

All personal loans through Upstart come with a fixed interest rate, falling within the range of 6.4% to 35.99%.

Repayment period

Choose from personal loan terms of 3 or 5 years to suit your financial circumstances.

No prepayment penalty

Enjoy the flexibility of prepaying your loan at any time without incurring fees or penalties.

Origination fees apply

Origination fees vary between lenders, providing you with options to select a loan that suits your financial needs and preferences.

Customer Support

As demonstrated by LendingTree's #1 customer satisfaction rating and Trustpilot's excellent rating, Upstart prioritizes the needs of its customers. The official website features an extensive help center section covering everything you need to know about personal loans and the application process.

If you wish to reach out to and speak with someone directly, Upstart's customer support team is readily available via phone, email, or post. Operating hours are Monday to Friday from 6:00 AM to 5:00 PM PT, with weekend support available on Saturday and Sunday during the same hours.

Stay connected with Upstart on social media platforms such as Facebook and Twitter for updates and additional support. Through comprehensive customer support, the company ensures a positive and informed loan experience.