7 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Features
  • Fast Funding
  • APRs from 6.95%
  • High Acceptance Rate
  • No Repayment Penalty Fees
Exclamation Mark IconNot in partnership with Financer.com.
Chosen 4,850 times
  • Installment loans from $100 to $2,000
  • Apply with no impact to your credit score
  • Apply online or instore across 850 branches
  • Easy application process
Chosen 4,021 times
  • Rates as low as 3.49% APR
  • No SSN required
  • Get pre-qualified with no impact to your credit score
  • Pre-qualify in seconds online
Chosen 3,507 times
  • Loans with APRs under 36%
  • Loans from $500 to $35,000
  • Fast and easy approval process
  • No minimum credit score requirement to apply

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.

Reputation

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.

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Reviews of Upstart

Upstart is rated 50 out of 300 companies in total rating and got an average review score of 5 based on 7 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
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AH
Alexis Húaicxin Húa reviews | September 27, 2022
General Review
Upsides
I almost lost about $225k of my inheritance funds to a self acclaimed broker I met through Telegram and promised me a 35% return on every of my investment including bonuses. I quickly invested because I was seeking financial freedom not knowing I was only trying to enrich someone else. I was denied withdrawals after I already invested demanding for more fees before I could take out my profit and my capital then I knew I’ve been cheated immediately I came online to find an expert who deals with fund retrieval then I found Hackwest{at}writeme[.]cOm who was able to get back my funds completely without asking for upfront payment, then I got to know legitimate recovery team still exist cause I’ve read reviews of the fake ones. Avoid being burnt again and get connected to the West now! The best fund recovery firm.
Downsides
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AH
Alexis Húaicxin Húa 1 review | September 27, 2022
General Review
Upsides
I almost lost about $225k of my inheritance funds to a self acclaimed broker I met through Telegram and promised me a 35% return on every of my investment including bonuses. I quickly invested because I was seeking financial freedom not knowing I was only trying to enrich someone else. I was denied withdrawals after I already invested demanding for more fees before I could take out my profit and my capital then I knew I’ve been cheated immediately I came online to find an expert who deals with fund retrieval then I found Hackwest{at}writeme[.]cOm who was able to get back my funds completely without asking for upfront payment, then I got to know legitimate recovery team still exist cause I’ve read reviews of the fake ones. Avoid being burnt again and get connected to the West now! The best fund recovery firm.
Downsides
no downside
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eric_chavez 1 review | August 25, 2022
General Review
Upsides
Being able to handle people’s problems efficiently and effectively is a thing worth gratitude in every ramification. What XAP CREDIT SOLUTION did for me and my family is immeasurable, I had a very poor FICO of 510, I had a repo, student loans, evictions and a couple of late payments. After my niece convinced me I contacted XAP and they boosted my FICO to 790 and removed all evictions, late payments and repo. I know how unbelievable this may sound but they actually gave me a reason to be happy again. If you would like to engage with their services Email XAPCREDITSOLUTION @ GMAIL .COM. They are the best and surest means of getting your credit fixed. Tell them Eric told you so.
Downsides
None I can think of
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RP
Russell Padgett 1 review | July 22, 2022
General Review
Upsides
Most times I wonder if DEXFRAME CREDIT REPAIR have the slightest knowledge of how through their outstanding credit repair services, I turned my mind off committing suicide. I could not think less of suicide after my ex-wife secured a divorce and its aftermath was a terrible experience of financial crisis which made it difficult to pay off my loans and multiple credit cards bills. My credit score was ruined. DEXFRAME and his team were the GAME CHANGER; they restored my credit excellently, raised my credit score to 785, my debts were paid off, all derogatory marks and negative items were deleted. No better way to appreciate DexFrame than making this review available to Americans. Contact: DEXFRAMECREDITREPAIR@GMAIL.COM
Downsides
No downsides
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CW
Chen Wong 1 review | April 26, 2022
Personal Loan Review
Upsides
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
Downsides
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
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J
John 1 review | February 8, 2021
General Review
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J
jfhslgas 1 review | August 5, 2017
Personal Loan Review
Upsides
Reasonable costs and excellent customer service. I can highly recommend Upstart for anyone looking to get a personal loan.
Downsides
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