{"id":764,"date":"2017-06-17T12:50:53","date_gmt":"2017-06-17T12:50:53","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=764"},"modified":"2025-03-16T23:53:46","modified_gmt":"2025-03-17T06:53:46","slug":"upstart","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/upstart\/","title":{"rendered":"Upstart"},"content":{"rendered":"\n

Upstart partners with banks to provide personal loans to customers ranging from $1,000 to $50,000. The company offers a range of loans including personal loans, debt consolidation loans, and credit card refinancing.<\/p>\n\n\n\n

As the world’s largest lending platform, qualifying for a loan doesn’t damage your credit score and APRs start as low as 6.70%.<\/p>\n\n\n\n

Note<\/span><\/strong>: Upstart offers its service in most U.S. states except West Virginia<\/a> or Iowa<\/a>.<\/p>\n\n\n\n

The Upstart model accepts 27% more borrows than traditional models<\/strong> and on average they claim to yield 16% lower APRs for their approved loans.<\/p>\n\n\n

Check your rate now<\/a><\/div>\n\n\n

How We Rate Upstart<\/h2>\n\n\n\n

At Financer.com, all companies go through a thorough research and review process. Here’s how we rate Upstart:<\/p>\n\n\n\n

Category<\/th>Rating<\/th><\/tr><\/thead>
Affordability<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Application process<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Loan terms<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
<\/div>

Do We Recommend Upstart?<\/h3>Yes, we recommend Upstart as a reliable lender marketplace. Skip to our full review below and see how we rate Upstart<\/a>.<\/div>\n\n\n

Upstart Overview<\/h2>\n\n\n\n

Upstart was created by ex-Googlers and boasts the AI platforms’ ability to provide fair and fast personal loans.<\/p>\n\n\n\n

The company offers loans to borrowers with fair credit<\/a> from $1,000 to $50,000 and APRs starting at 6.70%. They offer a range of personal loans as well as auto refinancing.<\/a><\/p>\n\n\n\n

Borrowers have 36 or 60 months to pay and the approval process is very fast.<\/p>\n\n\n\n

Here’s a quick summary of Upstart:<\/strong><\/p>\n\n\n\n

Overview<\/th>Features<\/th><\/tr><\/thead>
Loan type:<\/strong><\/td>Unsecured personal loans<\/td><\/tr>
Loan amount:<\/strong><\/td>$1,000 – $50,000<\/td><\/tr>
Loan term:<\/strong><\/td>36 or 60 months<\/td><\/tr>
APR<\/strong>:<\/td>From 6.70% to 35.99%<\/td><\/tr>
Min. credit score:<\/strong><\/td>300<\/td><\/tr>
Monthly fees:<\/strong><\/td>None<\/td><\/tr>
Payout time:<\/strong><\/td>One business day<\/td><\/tr>
Weekend payout:<\/strong><\/td>No<\/td><\/tr>
Requirements:<\/strong><\/td>Minimum age: 18
Residing in the United States (don\u2019t have to be
a citizen or permanent resident) (exception for
military)
Minimum credit score of 300 in most states
No bankruptcies or public records on your credit
report
No accounts that are currently in collections or
delinquent
Living in the 50 US states<\/td><\/tr><\/tbody><\/table>
Read the disclosures<\/a><\/figcaption><\/figure>\n\n\n\n

Upstart has a transparent application process and you can check your rate without affecting your credit score.<\/p>\n\n\n

Visit Upstart to get started <\/a><\/div>\n\n\n

Upstart has a unique AI system. As a lot of Americans are blocked from accessing credit, even with a stable payment history, Upstart implements a smarter credit model for lenders.<\/p>\n\n\n\n

Fees<\/h3>\n\n\n\n

Upstart’s fees are as follows:<\/p>\n\n\n\n