Exclamation Mark IconNot in partnership with Financer.com.
Chosen 1,225 times
  • Low APRs From 2.99% variable
  • 0.25% AutoPay interest rate reduction
  • No Application Fee
  • No Early Repayment Penalty Fees
Chosen 13,890 times
  • Fixed 5.74% to 20.28% APR (with AutoPay)
  • Federal and private student loan consolidations
  • No charge for the first $10,000 invested
  • A social finance company
Chosen 15,812 times
  • Loans of up to $3,000
  • Repayment period of up to 6 months
  • Higher APR rates
  • Rewards customers who are in good standing

Review of Upstart

Upstart was created by ex-Googlers and boasts the AI (Artificial Intelligence) platforms’ ability to provide fair and fast personal loans.

Note: Residents of all states can apply for an Upstart loan apart from West Virginia or Iowa.

The Upstart model accepts 27% more borrows than traditional models and on average they claim to yield 16% lower APRs for their approved loans.

Loans offered by Upstart:

  • Personal loans
  • Auto loans
  • Home improvement loans
  • Debt consolidation loans
  • Medical loans
  • Student loans

Why You Should Choose Upstart

  • Upstart is the world’s largest lending platform
  • Transparent application process
  • Check your rate without affecting your credit score
  • Loans from $1000-$50,000

About Upstart

Before you read Upstart reviews, here are a few pointers.

Upstart has a unique system where artificial intelligence and machine learning blend.

The FICO-based models ensure complete accuracy for selecting approved clients for credit.  A minimum FICO score of 580 is required to be able to qualify for a loan from Upstart.

More Americans are blocked from accessing credit. These people have a stable payment history. As such, Upstart implements a smarter credit model for lenders.

Compare personal loan rates here

Upstart offers credit for various purposes.  These include debt consolidation, personal expenses, education, huge purchases or refinancing.

Who Can Get a Loan from Upstart?

Requirements to get a loan:

  • Be of legal age to contract in your state of residence 18 or 19 years.
  • Be a US citizen or a Permanent Resident.
  • A minimum credit score of 580.
  • Have an annual income of higher than $12,000 or a signed contract to start within six months.
  • Cannot have a current or recent bankruptcy.
  • Cannot be a resident of West Virginia or Iowa.

Our online loan calculator can help you find a loan if you live in a state that Upstart does not service.

Our Upstart Review

Our review of Upstart is that it is a good option for borrowers who need to improve their credit score or have a short credit history.

They have a relatively streamline approach to their approval system and do accept more borrowers than traditional models.

Their rate-determining factors are not just based on your credit score but also your education, your years of credit, your areas of study and your job history.

This enables them to accept borrowers straight out of university that are yet to build their credit history.

Upgrades APRs are not the cheapest around and it is our recommendation to compare their offerings and fees with others.

You can do this through our online comparison tool.

Compare Upstart with other lenders to find the best loan offering available to you.

Compare personal loan rates here

How Lending Works at Upstart

  1. Check your rate on the site
  2. Answer a few questions about your education and employment
  3. The team reviews your application
  4. Once approved, accept the loan terms
  5. Set up automated monthly payments

A Unique Data for Better Rates

Most lenders will only focus on the credit score of a lender to determine their eligibility. At Upstart, there is better data to determine a person’s probability of default.

Education and job history helps better understand the borrower’s potential. Thus, it could lead to a lower rate.


Upstart has a good reputation across the board. It is the world’s largest lending platform. Their fast application process takes only a few minutes.

The results are shown quickly. Their reputation holds due to their ability to accept more customers than traditional methods.

Upstart provides loans that are generally paid into the borrower’s account the next day, with the exclusion of student loan applications. Those take three days to be approved by law.

Website and Functionality

Our experience with the Upstart website and customer feedback we have received is that it is very straightforward and simple to navigate.

The site having simplicity allows the borrower to find information quickly that is relevant to their individual needs.

Does Financer.com recommend Upstart?

Yes, we do recommend Upstart to customers that have a short credit history and have a guaranteed future income.

They are not the cheapest lender available with indicative APRs from 6.53%. Financer.com highly recommend comparing other lenders before you apply.

Compare personal loan rates here

Upstart Reviews

Most of the Upstart reviews indicate customer satisfaction. Borrowers have been able to save up to 24% on rates.  Upstart also enables one to build their credit.

Take advantage of the quick and easy application process.  Read about the Upstart Review below this page and see what others are saying.

Was this article helpful?

  • Be the first one to give feedback

    How can we improve this article?

    Reviews of Upstart

    Upstart is rated 50 out of 282 companies in total rating and got an average review score of 5 based on 3 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
    Customer reviews
    Filter reviews Close Icon
    All reviews
    Loan reviews
    Sort by Close Icon
    Best rated
    Worst rated
    Most helpful
    chen_wong 1 review | April 26, 2022
    Personal Loan Review
    My name is Jennifer Nolan I live in the United kingdom, Manchester and am I a happy woman today? I told myself that any loan lender who could change my life and that of my family would recommend them to anyone looking for a loan. If you need a loan , contact them via email: b a r r y m o r e l o a n s 1 2 @ g m a i l. c o m
    My name is Jennifer Nolan I live in the United kingdom, Manchester and am I a happy woman today? I told myself that any loan lender who could change my life and that of my family would recommend them to anyone looking for a loan. If you need a loan , contact them via email: b a r r y m o r e l o a n s 1 2 @ g m a i l. c o m
    Post reply
    John 1 review | February 8, 2021
    General Review
    Post reply
    jfhslgas 1 review | August 5, 2017
    Personal Loan Review
    Reasonable costs and excellent customer service. I can highly recommend Upstart for anyone looking to get a personal loan.
    Post reply

    Rate & review Upstart

    Not convinced?

    Visit their official website and learn more about Upstart

    We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview