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.
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. When the funds will be available to you will depend on your bank’s transaction processing time and policies.
How much can I borrow?
You can borrow between $1,000 and $50,0002. 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 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 6.7% - 35.99%.1 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.
1. APRs from 6.7% - 35.99%, with 3 or 5 year terms: The full range of available rates varies by state.The lowest rates are only available to the most qualified applicants. 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 20.10% and a 8.53% origination fee of $853, for an APR of 24.65%. In this example, the borrower will receive $9147 and will make 60 monthly payments of $267. APR is calculated based on 5-year rates offered in June 2025. There is no downpayment 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.
2. Loan amounts from $1,000 -$50,000: 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).
3. Checking your rate won’t affect your credit score: 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.
4. Funds sent in as fast as 24 hours: In June 2025, 65% of Upstart customers had the funds transfer initiated in 24 hours upon approval and signing the promissory note. When the funds will be available to you will depend on your bank’s transaction processing time and policies.
5. Over 3 million customers: As of 6/30/2025, across the entire Upstart marketplace.
6. Most receive an instant decision: The majority of unsecured loan borrowers on the Upstart marketplace are able to receive an instant decision upon submitting a completed application, without providing additional supporting documents, however final approval is conditioned upon passing the hard credit inquiry. Loan processing may be subject to longer wait times if additional documentation is required for review.
7. Top rated on TrustPilot: Among top reviewed alternative financial service companies on trustpilot.com as of 6/30/2025.
8. 33% lower rates than a traditional model: As of publication in April 2025, and based on a comparison between the Upstart model and a hypothetical traditional model using Upstart data from Jan - Dec 2024. For more information on the methodology behind this study, please see Upstart’s Annual Access to Credit results here.
9. Funds sent in 1 business day: If you accept your loan by 5pm EST (not including weekends or holidays), your funds will be sent on the next business day. When the funds will be available to you will depend on your bank’s transaction processing time and policies.
10. Upstart’s model considers education: Neither Upstart nor its lending partners have a minimum educational attainment requirement in order to be eligible for a loan
Upstart Network, Inc. NMLS #936133. Upstart is not the lender for this product. All loans on Upstart’s marketplace are made by regulated financial institutions.
