Upstart – Reduce Your Debts into One Easy Low-Rate Payment

Upstart is a financing platform that employs artificial intelligence to increase credit availability.

Upstart Login
Upstart Login

It based in California and created in 2012 by former Google workers, uses AI to lower lending risks and costs for its bank partners.

Except for West Virginia and Iowa, the lending intermediary offers unsecured personal loans ranging from $1,000 to $50,000 to customers anywhere in the United States.

What is Upstart?

Upstart is a digital platform that lets you get unsecured, fixed-rate personal loans through your bank.

It processes and services your Upstart Personal Loan.

In addition to your credit history, Upstart’s credit model examines the school you attended, your field of study, and your employment history.

This allows it to give you a more competitive interest rate on your loan.

What is Upstart holding?

Upstart Holdings Inc. is a holding corporation.

Through its subsidiaries, the Company delivers a cloud-based artificial intelligence (AI) lending platform to improve loan access while lowering the risk and cost of lending for bank partners.


The Best Features
  • Next-day funding: According to Up-start, 99 percent of applicants who accept their loans by 5 p.m. Eastern Time Monday through Friday will receive their funds the following business day.

Loans for educational expenses, on the other hand, are subject to a three-business-day waiting period under federal law.

  • No credit history required: Unlike typical lenders, it provides loans to borrowers with no credit history.

If you have little or no credit history, your loan will almost certainly be more expensive.

  • No prepayment penalty: You can repay all or portion of your loan at any time without penalty.
  • Origination fees: Before you get your loan profits, it will deduct a one-time, nonrefundable origination fee of up to 8%.
  • No co-signers: it does not allow co-signers and solely considers the borrower’s personal information during the application procedure.
How Can Upstart Personal Loans Be Used?

Its unsecured personal loans range from $1,000 to $50,000 and have fixed rates ranging from 5.31 percent to 35.99 percent.

The average three-year loan offered by them has an annual percentage rate of 18.04 percent and 36 monthly payments of $34.27 per $1,000 borrowed. Rates and minimums vary by state, but the average three-year loan has an annual percentage rate of 18.04 percent and 36 monthly payments of $34.27 per $1,000 borrowed.

Common loan uses include:

  • Consolidating credit card and other obligations is a common use for a loan.
  • Paying for relocating costs.
  • Investing in house upgrades.
  • Paying for medical expenses.
  • Wedding financing
  • Establishing or extending a business

Borrowers in California, Connecticut, Illinois, Washington, and Washington, D.C. may not use loans to pay for educational expenses.

Upstart Login

Now is the time to log in to your Upstart personal borrower or investor account to monitor the status of your loan and payments.

Personal Loan Finder

To get anticipated annual percentage rates and loan terms, enter your desired loan am

ount and loan purpose, as well as your credit score range and state.

How Does Upstart Work?

You can verify your rate on their website before borrowing without affecting your credit score.

The amount of your loan will be determined by your credit, income, and other information on your application, such as education, work experience, and credit history.

If you’re ready to apply, keep in mind that the process will differ depending on the lender.

It works with banks to match customers with loan offers, and each lender has their own set of criteria.

To complete a credit check, lenders will need information such as your name, address, and Social Security number, and some may request pay stubs, tax records, school transcripts, or SAT scores.

You might have your money in as soon as 24 hours after being approved for and accepting your loan.

Loans may take longer in some circumstances, and federal law requires a three-business-day waiting time before funding school loans.

What Are the Terms, Fees and Conditions of Upstart Personal Loans?

The interest rates on Upstart loans range from 5.31 percent to 35.99 percent. These fees may also be included in the loans:

  • An origination cost of up to 8%.
  • For each incident, a late payment fee of 5% of the unpaid amount or $15, whichever is greater.
  • A $15 returned check or ACH return charge.
  • A one-time fee of $10 to receive print copies of your records rather than electronic copies.

Depending on the loan terms you choose, Upstart requires borrowers to repay loans in 36, 60, or 84 monthly payments.

You can, however, prepay your debt without penalty.

How Can You Qualify for an Upstart Loan?

To be eligible for an Upstart personal loan, you must:

  • Reside in the United States, with the exception of West Virginia and Iowa.
  • Be at least 19 years old in Alabama and Nebraska, and at least 18 years old elsewhere.
  • Provide a valid email address, a name that can be verified, and your Social Security number.
  • Have a steady source of income and a bank account in the United States.

Borrowers must have a minimum credit score of 300, but they can also qualify if they do not have enough credit history to earn a FICO score.

Delinquent or collection accounts, past-due sums, bankruptcies, or other public records cannot appear on your credit report unless they are paid civil judgments or tax liens.

In addition, you must have had no more than six credit inquiries in the previous six months, not including those for mortgages, auto loans, or student loans.

During the application process, it will validate your personal and credit information by getting a credit report from at least one of the credit bureaus. You may also be asked to supply information about your academic background, employment experience, and intended use of the cash. The loan amount you are eligible for is determined not only by your credit score, but also by where you live.

What Credit Score Do You Need?

Their loan may be available with a credit score as low as 300, however the lower your credit score, the more expensive your loan.

However, credit score is not the only aspect considered by lenders.

Each lender has its own process for evaluating clients, but the majority include credit history, debt-to-income ratio (the amount of your monthly income spent on debt payments), and costs.

Where Does Upstart Operate?

Except for West Virginia and Iowa, startup loans are available everywhere.

Is the Lender Reputable?

Upstart scored 4.3 out of 5 stars overall, 4.0 for affordability, 4.3 for eligibility, and 4.6 for customer service in U.S. News’ ratings of personal loan lenders.

The median overall rating for personal loan lenders according to U.S. News is 4.0.

Upstart, an accredited firm, has a B+ rating with the Better Business Bureau.

Based on over 19,000 reviews, Upstart has received a great rating of 4.9 out of 5 stars on Trustpilot.

In 2021, the Consumer Financial Protection Bureau received 64 complaints regarding Upstart personal loans, with all but one receiving a fast resolution. The most common concerns were regarding the loan itself, as well as unanticipated fees and interest. As of January 2022, there were 56 complaints closed with an explanation and eight in progress.

How Is Upstart’s Customer Service?

Borrowers can contact Upstart in a variety of ways: Send an email, call, or use the online contact form to reach

If you prefer to speak with someone over the phone, Upstart offers general customer assistance seven days a week from 9 a.m. to 8 p.m. Eastern Time. Payment assistance is accessible Monday through Friday from 9 a.m. to 9 p.m. ET, and Saturday from 10 a.m. to 7 p.m. ET.

Upstart Reviews

Here’s what some of the biggest names in the personal loan blogosphere had to say about the offer.

  • 4.5 stars based on Amrita Jayakumar’s review

“A wonderful option for folks with limited credit histories and bright financial prospects.”

  • CreditKarma: 4.9 out of 5 stars based on over 700 reviews.

BORROWER, Josilva. “I would strongly advise applying through Upstart’s website rather than through the CK link.”

Going directly to their website, I obtained a lesser pricing.”

  • The Simple Dollar:”Applying for a loan through Upstart can make a lot of sense if your credit isn’t ideal or you have a thin credit profile.”

When analyzing you for approval, this lender will evaluate more than your credit score, which can help you acquire the money you need even if your credit needs some repair.”

A simple Google search for “UpStart Loan Reviews” yields a plethora of results… BUT… on general, itobtains good to extremely good ratings from the blogosphere.

What Are Some of Upstart’s Online Features?

The whole application procedure with Upstart, from checking your rate to accepting the loan, can be completed online; however, some candidates may be required to verify information over the phone as an added security precaution.

Through the borrower dashboard, you can make payments, adjust your monthly payment date, and set up regular payments.

Your current responsibilities are also displayed on the web dashboard, along with instructions or clarifications on how your payments apply. You’ll discover how much is owed and what to do if your account has fallen behind.

Upstart Personal Loans Are Best for:
  • Those seeking an online loan experience;
  • Those seeking a speedy loan process; and
  • Those with no credit history.
How Upstart Compares to Other Personal Loan Companies

In comparison to other loan platforms, Upstart is cutting-edge in its use of artificial intelligence and alternative data.

The company is also committed to granting credit to people who would otherwise be denied, such as those with no credit history.

Other lending platforms and lenders, on the other hand, are primarily concerned with serving creditworthy borrowers.

Upstart vs. LendingPoint Personal Loans Review

Upstart and LendingPoint both provide fixed-rate personal loans for almost any purpose.

Both provide quick cash as soon as one business day and do not accept co-signers.

These lending platforms are similar in that they both serve borrowers with fair credit, but there are several important differences:

  • Borrowers with credit ratings as low as 580 may be approved by LendingPoint. Upstart just requires a credit score of 300 or above.
  • LendingPoint has payback terms ranging from 24 to 60 months, but Upstart only has three and five-year durations.
  • LendingPoint has loan amounts ranging from $2,000 to $36,500, whereas Upstart has loan amounts ranging from $1,000 to $50,000.

It wins this category because to its lower minimum credit score requirements and wider choice of loan amounts. However, if you are unable to qualify for a personal loan through LendingPoint may be an alternative to consider. It’s also possible that your personal interest rate will be cheaper at LendingPoint.

Upstart My Offer
  • Apply for a much-needed personal loan online.
  • Approved borrowers save an average of 27 percent compared to credit card rates.
  • The application will NOT effect a credit score because a SOFT PULL is employed.

The Upstart My Offer loan can be used to pay off credit card debt, purchase a used automobile (nothing too fancy here), pay off medical costs (Obamacare is a joke), pay Uncle Sam (aka the IRS), or even start or develop a business. The My promotional offer does not levy a fee for paying off the loan early, and the average Upstart 3-year loan will have an APR of 17 percent and 36 monthly installments of $31 per $1,000 borrowed.

Can I apply for a second loan?

If you currently have an Upstart loan, you must:

  • Have made on-time monthly payments for the preceding six consecutive months in order to be eligible for another loan.

On-time payments imply that a payment was received within the 10-day grace period;

  • Have no more than one outstanding loan through Upstart at the time of application;
  • Have no more than $50,000 in outstanding principal at the time the loan is originated.

If you have paid off an existing loan and made on-time monthly payments for the past six months, you can apply for a second loan after your most recent payment clears (14 days from the payment date).

There is a 60-day cooling off period before reapplying if you have finished paying off an existing loan and any of the six most recent monthly payments were not made on time, or you paid off the loan before reaching 6 monthly payments.

If any payments on your old loan are still being processed, itwill be unable to approve a new loan application. If all other requirements are completed, the pending payment counts as your sixth most recent payment and must be processed successfully before the new loan application may be granted.

To create a second application, you must use a different email address than you did previously for another application.

How to Buy Upstart Stock

Looking to purchase Upstart stock?

The share price of this lending tech innovation has dropped by 90% in the previous year.

Is it time to buy the dip now?

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Loans Like Upstart
  • Lending Club (MyInstantOffer)
  • Prosper
  • SoFi
Upstart Operating hours

General support:
Monday to Friday on business days:
9:00 AM – 8:00 PM ET (6:00 AM – 5:00 PM PT)
Saturday and Sunday:
9:00 AM – 8:00 PM ET (6:00 AM – 5:00 PM PT)

Monday to Friday on business days:
9:00 AM – 9:00 PM ET (6:00 AM – 6:00 PM PT)
10:00 AM – 7:00 PM ET (7:00 AM – 4:00 PM PT)

They are unavailable on New Years Day, Thanksgiving Day, Christmas Eve, and Christmas Day.

Upstart Customer Service

General support

For support questions, contact


(833) 205-5437

Mailing address

Upstart Loan Operations
P.O. Box 1503
San Carlos, CA 94070


Is Upstart a trustworthy company?

T is an accredited company, has a B+ rating from the Better Business Bureau. Based on over 19,000 reviews, it has received a great rating of 4.9 out of 5 stars on Trustpilot.

What is the catch with Upstart?

If a borrower fails to make the full monthly payment within 10 calendar days of the due date, it levies a late fee of 5% of the past due amount or $15, whichever is greater.

Prepayment penalties Borrowers who choose to pay off their loan early will not be penalized by them.

Is Upstart a secured loan?

While the majority of its loans are unsecured, some credit unions may place a lien on other accounts you have with the same institution.

Before taking your loan, you should check your promissory note for these details.

Does Upstart ruin your credit?

Your credit score will not be affected by checking your rate on it.

Is Upstart a good investment?

It has great growth potential and a reasonable value following recent share price decline, making it an appealing investment for long-term investors in the fintech industry.

What is the future of Upstart?

The median 12-month price target for Upstart Holdings Inc from the 13 analysts providing 12-month forecasts is 44.00, with a high estimate of 80.00 and a low estimate of 15.00. The median estimate represents a +33.90% gain over the previous price of 32.86.

Will Upstart go down?

Overall loan volumes at Upstart “are projected to drop, given elevated lending rates (and the risk of them being raised higher),” according to the analysts. “We anticipate further losses based on the speed and intensity of the recession,” Piper Sandler analysts wrote in a note.

Does Upstart ask for proof of income?

Evidence of recent earnings in the form of a digitally deposited check image OR a company invoice. Please supply the bank statement that corresponds to the deposit into your account.

Does Upstart have a mobile app?

There is no debt management mobile app: Some online lenders offer mobile apps that allow borrowers to make loan installments, monitor their payment history, and check their credit score. These functionalities are not available in it.