Fair & fast personal loans
$1,000 - $50,000§ | 3 & 5 year terms‡
Next day funding
1 monthly payment
No prepayment penalty
99% of applicants get money just 1 business day after accepting their loans**
Simplify with 1 single monthly payment at a fixed rate
You may pay off part or all of the loan at any time with no fee
Personal loans for any occasion
Credit Card Consolidation
What is a personal loan?
An unsecured personal loan is money borrowed from a lender that is not secured by property such as a house or car over a fixed period of time. While most loans through Upstart are unsecured, certain lenders may place a lien on other accounts you hold with the same institution. It is important to review your promissory note for these details before accepting your loan.
How long will it take to get my money?
If you accept your loan before 5pm ET Monday-Friday, your funds will be transferred on the next business day. If the terms are accepted after 5pm ET Monday-Friday, the funds will be transferred on the following business day. For loans that are being used for education-related purposes, there is an additional 3 business day period between when you accept your loan and when you will receive the funds.
How much can I borrow?
You can borrow between $1,000 and $50,000§. Note, there are state-specific minimum loan amounts for some states and the exact amount you may borrow depends on what you qualify for based on your application information.
Will it affect my credit score?
Checking your rate on Upstart will not affect your credit score. If you proceed with your application after receiving a rate your credit score may be impacted. When you check your rate, we make a "soft credit inquiry." Soft credit inquiries on your report do not lower your credit score, but you may see when you view your report that this inquiry was made. If you are offered a loan and proceed with the application, we will then make a "hard credit inquiry" to verify the accuracy of your application. This action will be recorded as an inquiry on your report and it may impact your credit score.
What are the interest rates?
All Upstart-powered loans offer a fixed interest rate, but individual rates are determined based on various factors including an applicant’s education history, work experience, and credit history. The range of rates offered vary between 6.5% - 35.99%.‡ The interest rate is only 1 factor of the cost of the loan. The total cost can be understood by the APR which is the annual cost of a loan inclusive both of interest rate and all other associated fees. When comparing loan products, it is important to consider the APR of each product.
†† When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.
§ 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.
‡ The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 26.57% and 60 monthly payments of $27.29 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $16,376 including a $695 origination fee. APR is calculated based on 5-year rates offered in September 2022. 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.
** If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.