Upstart Personal Loans review: get a loan easily

Apply for Upstart Personal Loans , get approved extremely fast, and access to funding in one business day.


Upstart Personal Loans: low rates even if you have less than perfect credit

upstart personal loan
Check out this Upstart Personal Loans review. Source: The Post New.

Upstart Personal Loans offers borrowers the chance to get access to loans at excellent rates even if they have imperfect credit, so we’ve made this review to show you how they do this.

upstart personal loan

How to apply for Upstart Personal Loans

Apply for Upstart Personal Loans today for fast approval and even faster funding. Get access to funding in as little as one business day.

This is possible thanks to their nontraditional underwriting method. Their financing options are somewhat inflexible, but if you are looking for quick access to funds, Upstart might be the way to go.

Their approval and funding times are among the fastest in the market. The speed, however, comes at a cost. Keep reading to find out more.

  • APR: N/A
  • Loan Purpose: Personal Loans, Wedding Loans, Home Improvement Loans, Moving Loans, Medical Loans, Debt Consolidation, Credit Card Consolidation, Car Refinancing, Business Loans
  • Loan Amount: $1,000 to $50,000
  • Credit Needed: None
  • Terms: 3 or 5 years
  • Origination Fee: 0% to 10%
  • Late Fee:  $15 or 5% of the unpaid amount (whichever is greater)
  • Early Payoff Penalty: N/A

How does Upstart Personal Loans work?

Despite offering one of the fastest approvals and funding times available, Upstart Personal Loans does not offer joint, co-signed, or secured loans.

Another disadvantage is that it has only two repayment term options.

How can they be so fast, then? Because the company uses nontraditional data and artificial intelligence to qualify borrowers.

While other lenders may focus on borrowers’ creditworthiness, income, assets, and debts, Upstart’s method is much quicker to decide.

Borrowers generally receive instant approval after applying, and funds are quickly deposited within one business day. Not many competitors can boast such speed.

Still, even though Upstart does not run traditional credit checks, you can pre-qualify on their website without undergoing a hard credit pull.

The platform also provides borrowers with financial education about personal loans and building credit. Their blog features borrowers and news events relevant to personal loans and credit. 

There are a few shortfalls to Upstart. First, some lenders on their lending platform charge an origination fee. This is common for personal loans but inconvenient because it reduces your loan amount.

Their limited repayment terms are also a big disadvantage. Their three- or five-year repayment terms are inflexible compared with other lenders. This gives you less control over monthly payments and interest costs.

Upstart also does not offer a mobile app, which further contributes to you having less control over your payment history and credit score.

Upstart Personal Loan: should you apply for it?

happy woman get personal loan funded
You can get your personal loan funded in less than 24 hours. Source: Freepik.

Now that you are familiar with Upstart Personal Loans, it is time to have a look at its pros and cons in this review. Check out the list below.


  • Fast approval and funding
  • It does not require a credit score
  • Pre-qualify with a soft credit check
  • Offers financial education for free


  • Does not offer joint, co-signed, or secured loans
  • May charge origination fees
  • It does not offer a mobile app
  • Limited repayment terms

What is the required credit score?

Upstart Personal Loans applies its own underwriting model, which uses artificial intelligence and other data such as college education, job history, and residence to qualify borrowers.

It does not require a credit score in order to qualify. 

Learn how to apply for Upstart Personal Loans

So, do you like what you see here? If so, you might want to check out our step-by-step guide to the Upstart Personal Loans application process.

Just click the link below, and we will show you how to do it.

upstart personal loan

How to apply for Upstart Personal Loans

Apply for Upstart Personal Loans today for fast approval and even faster funding. Get access to funding in as little as one business day.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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