Check rate with Bankrate
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Verified lender
Known qualification requirements:
- Meet credit requirements.
- Residential U.S. street address.
- At least 18 years old.
- Not live in West Virginia or Iowa.
- Email address.
- Social Security number.
Fees:
- 5% up to $15 late fee.
- 10% origination fee.
- $15 returned check fee.
- $10 one-time paper copies fee.
Time to receive funds:
As soon as one business day.
Bankrate users receive their funds 1.8 days on average after confirming their prequalified offer with Upstart.Pros
- Artificial intelligence may allow approvals for otherwise unqualified borrowers.
- Quick next day funding.
- Offers direct payment to creditors.
Cons
- Origination fee of up to 10 percent of the approved loan amount.
- Potentially high APR with the maximum set at 35.99 percent.
- Loans only available for three- or five-year terms.
This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate, loan amount, and loan terms are subject to change based upon information received in your full inquiry on our site. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the Upstart.com website.
Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.44% and a 8.64% origination fee of $864, for an APR of 22.88%. In this example, the borrower will receive $9136 and will make 60 monthly payments of $257. APR is calculated based on 5-year rates offered in March 2023. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.