Upstart Personal Loan
Get funded as soon as 1 business day, APRs from 6.5% to 35.99%, loan amounts $1,000-$75,000, flexible for no credit history or low credit.
Upstart personal loans are a top pick for individuals who need fast access to cash, regardless of whether they have an established credit history. The annual percentage rate (APR) ranges from 6.5% to 35.99%, and you can borrow between $1,000 and $75,000, with loan terms of 36 or 60 months. Upstart is especially attractive if you need your funds quickly, often delivering funds as soon as the very next business day.
How to Apply for Upstart Personal Loan
- Visit the official loan page and start your application online.
- Fill out personal and financial details—no complex documentation required initially.
- Submit your application for a preliminary lending decision.
- If approved, complete identity verification and accept the offer.
- Sign your loan agreement electronically for fast disbursement to your bank.
Key Pros
Upstart stands out for considering applicants with no or poor credit history. This makes it one of the most inclusive personal loan options on the market. Additionally, there are no prepayment penalties, so you have the flexibility to pay off your loan early and save on interest if your financial situation improves.
Main Cons
While Upstart accepts a wide range of applicants, origination fees can be hefty (up to 12%). Late fees apply as well, and you may also pay for printed loan agreements. Additionally, higher APRs can result if you have weaker credit factors.
Veredicto final
If you’re looking for a quick, flexible personal loan and want a straightforward application process, Upstart is highly recommended—especially if you’re just building credit. Its broad credit acceptance and speedy funding help set it apart, but be mindful of all associated fees and the potential for higher interest rates at the upper end.
