{"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":"2024-05-22T09:20:35","modified_gmt":"2024-05-22T16:20:35","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, student 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 6.40%.<\/p>\n\n\n\n

Note<\/span><\/strong>: Upstart loans are available 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 Loans<\/h2>\n\n\n\n

At Financer.com, all lenders 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

Here’s what we’ll cover in this review:<\/h3>\n\n\n\n\n\n

Want to skip the details? Jump to our final verdict here<\/a>.<\/p>\n\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 6.40%. They offer a range of personal loans as well as auto refinancing.<\/a><\/p>\n\n\n\n

Borrowers have up to 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>Personal loans<\/td><\/tr>
Loan amount:<\/strong><\/td>$1,000 – $50,000<\/td><\/tr>
Loan term:<\/strong><\/td>Up to 60 months<\/td><\/tr>
APR<\/strong>:<\/td>From 6.40%<\/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>At least 18 years old
U.S. citizen
Active bank account
Regular income<\/td><\/tr><\/tbody><\/table><\/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 system with a mix of AI and machine learning. 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

Compare personal loan rates here<\/a><\/p>\n\n\n\n

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

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