Upstart offers fixed-interest-rate personal loans that you can use for almost any purpose. Whether you're consolidating debt or making a big purchase, Upstart personal loans have got you covered -- provided you have at least a 580 credit score and meet other requirements.
Upstart has some big advantages, including fast funding and flexibility in the amount you can borrow. Its loan minimum is below many competitors', making Upstart personal loans an ideal choice for borrowers who need only a small amount of money. That said, Upstart's interest rates are higher than those of some competitors, so you'll need to shop around to make sure you're getting the lowest-cost loan you can qualify for. Read our in-depth Upstart personal loans review to see if it's worth applying with this lender.
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Min. Credit Score:
$1K - $50K
7.98% - 35.99%
On Secure Website.
A low or no credit score will not automatically disqualify you: Some borrowers may qualify for a loan with a minimum required FICO® Score of 580. Upstart even says it offers loans to people with no credit history. But keep in mind that the lower your score, the likely higher your interest rate will be.
Wide range of loan options: You can borrow up to $50,000. Upstart also offers some of the best personal loans for people looking to borrow as little as $1,000.
Fixed-rate interest: Interest rates are fixed, so your rate and payment won't change over the life of the loan.
Repayment options: You'll have a choice of a three-year or five-year repayment term.
Early payoff potential: There's no prepayment penalty, so you can pay Upstart personal loans off early without incurring fees.
Check your rate without impacting your credit score: Curious applicants can submit basic details and get a quoted loan rate with out impacting their credit scores.
Interest rates: Upstart interest rates range from 7.98% to 35.99%. This is one of the highest interest rates in the personal loan market and may not make sense if you're consolidating credit card debt.
Origination fees: Upstart charges an origination fee of 0% to 8% on its personal loans. On the high end, this is one of the highest origination fees on the market.
Upstart makes applying for a personal loan easy. Here's how it works:
You owe it to yourself to shop around before deciding on the right personal loan. Take a look at these partner lenders before you make a final decision.
As an extra safety measure, make sure these points apply to you before applying for an Upstart personal loan:
Depending on your situation, Upstart could be a good place to start as you make the important decision of which personal loan is best for you. And remember, if you don't find an interest rate and terms you like, you can always take the time to build your credit score. Low-interest personal loans are worth the wait.
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