3 & 5 year loan terms with an APR range from 3.22% - 35.99%2
99% of personal loan funds are sent just 1 business day after signing3
You may pay off part or all of the loan at any time with no fee
All loans are from Upstart-powered bank partners. Loans in MD and NV are by Cross River Bank, an FDIC New Jersey state chartered commercial bank.
Traditional credit scores leave people behind. We use artificial intelligence to expand access to reasonably priced credit.
than traditional models5
than traditional models5
not just your credit
score
vs multiple credit
card payments
Won't affect your credit score1
Many people are growing increasingly savvy and want an alternative to high interest credit cards
Upstart’s model has expanded credit access, and encouraged other lenders to explore ways to lend to more people with no or limited credit history
Fill out a form to check your rate in minutes
Most borrowers are instantly approved6
99% of personal loan funds are sent just 1 business day after signing3
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 credit unions 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.
The interest rate is only one 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. For example, the cost of an origination fee is included in the APR. When comparing loan products, it is important to compare the APR of each product.
Personal loan funds are transferred on the next business day if the terms are accepted before 5pm ET Monday-Friday excluding holidays. If the terms are accepted after 5pm ET, on a weekend, or on a holiday, the funds will be transferred on the following business day provided that funds are not being used to directly pay off credit cards. 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.
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, a "hard credit inquiry" will be completed 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.
There is no prepayment penalty for paying off a loan on Upstart early. You may pay off part of all of the loan at any time with no fee. By prepaying, you will pay less overall interest because the loan is outstanding for a shorter time.
