At a glance

- Availability
- Affordability
- Customer Experience
- Transparency
About Upstart
-
Loan amount
$9,000 to $60,000
-
Min. credit score
510
-
APR from
5.61%-29.99%
-
Funds available in
14 days following promissory note
Loan amount
$9,000 to $60,000
Min. credit score
510
APR from
5.61%-29.99%
Funds available in
14 days following promissory note
Before you refinance with Upstart, consider the whole of what it has to offer.
Smarter rate approach
Fully online experience
Cars eligible up to 120,000 miles
Not available in every state
No co-borrowers
High minimum loan amount
Upstart is an online lender that was established in 2012. It has pioneered a new approach to lending by using AI technology to determine risk rather than more traditional underwriting criteria. Drivers looking to refinance their loans will be measured on factors such as income and education instead of just their credit score. This unique approach allows drivers with poor credit to still have a chance at good rates.
Through its website or app, drivers are able to see potential rates in minutes.
Upstart has a few requirements to keep in mind if you wish to refinance.
Your vehicle must:
Your current loan must have:
Overall score | 4.1 | |
---|---|---|
Availability | 4.3 | Upstart offers a high maximum loan amount but has mileage and vehicle age restrictions and is not available in every state. |
Affordability | 3.4 | Upstart doesn’t disclose its minimum APR for refinancing, but it has a very reasonable maximum APR and does not charge fees unless the vehicle is repossessed. |
Customer experience | 4.4 | Upstart offers a range of customer service options, including person-to-person assistance seven days a week. It also has an app and an autopay option. |
Transparency | 4.5 | Upstart both allows prequalification and hosts most of its rates and fees — or lack thereof — on its website. |
To rate lenders that specialize in auto refinance loans, Bankrate considers 16 different factors. These factors range in consideration from the loan amount, disclosed APR and acceptance criteria. Each lender holds a score based on four categories.