Personal loans are referred to your institution from consumers who apply at Upstart.com and meet your credit criteria.
The Upstart Referral Network is powered by Upstart’s AI lending platform, enabling fast, all-digital originations and accurate risk-based pricing. Consumers who apply for a personal loan at Upstart.com and meet your credit criteria are presented with loan offers from your institution. Once accepted, the loan is originated digitally, in minutes, using your loan documents.
Set more than 15 criteria including minimum credit score, maximum debt-to-income ratio, loan sizes, geography and more.
Upstart’s robust marketing engine uses advanced online and offline strategies to drive demand at Upstart.com where we present your offer of credit to the right applicants.
Your loan offer is presented under your brand.
Mobile-friendly application allows users to finish their application in one sitting.
Upstart’s risk-based AI model individually prices and matches applicants within your credit criteria resulting in higher approvals and lower losses.
Acquire new customers by offering rate discounts to those opening a deposit account with your institution.
Nearly 82% of loans fully automated.²
Upstart’s expert staff manage all exception processes for higher-risk applications.
Same day all-digital signature process.
Next-business day loan funding.
Monitor loan performance with your near real-time performance console.
Adjust your lending parameters and increase or decrease loan volume based on your needs.
1 Program lending parameters are highly configurable and set within the lender’s risk tolerance. Net annualized return (NAR) is calculated as weighted average coupon minus expected annualized losses. Represents the average NAR received by Upstart lending partners for originations in July 2022 using the Upstart Referral Network.
2 As of 12/31/2022. Fully automated loans are defined as loans originated end-to-end (from initial application to final funding) with no human involvement.
