Upstart is an online lending marketplace that partners with banks to provide personal loans from $1,000–$50,000. Unlike traditional lenders, the Upstart platform uses an innovative underwriting model powered by machine learning and artificial intelligence to consider multiple factors — including credit, income, education, and employment — to help connect qualified borrowers with a loan that fits their financial situation.
Fast Access to Funds
When approved, borrowers can receive funds as fast as one business day. The process is fully online, allowing you to check your rate in just minutes and receive offers from lenders on the Upstart platform. Most borrowers receive an instant decision after completing their application, making it a convenient and streamlined way to explore personal loan options.
Flexible Loan Options for Your Needs
Loans through Upstart can be used for common financial goals like credit card refinancing, debt consolidation, or covering unexpected expenses. Borrowers can choose between 3-year or 5-year (36- or 60-month) terms, with typical APRs ranging from 7.4%–35.99%. The exact loan amount, term, and rate you qualify for will depend on your credit profile, income, and other application details.
Simple Repayment Options
Upstart makes repayment easy with flexible options — including automated recurring payments, one-time electronic transfers, or even checks. Borrowers who set up automated payments can manage their loans seamlessly, ensuring on-time payments and peace of mind.
Trusted and Highly Rated
Borrowers continue to trust the Upstart platform for its transparency, speed, and reliability. Upstart is rated “Excellent” on Trustpilot, reflecting the satisfaction of thousands of customers who have used the platform to achieve their financial goals.
Important Disclosures
¹ Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
² Although educational information is collected as part of Upstart’s rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.
³ The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.60% and a 7.50% origination fee of $750, for an APR of 22.50%. In this example, the borrower will receive $9,250 and will make 60 monthly payments of $258. APR is calculated based on 5-year rates offered in September 2024. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
⁴ If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. When the funds will be available to you will depend on your bank’s transaction processing time and policies.