Personal loans with
low fixed rates *
Next day funding⁴ with no hidden fees. Ever.
Won't affect
your credit score¹
We've helped more than 3 million customers⁷
Won't affect
your credit score¹A new loan could be just clicks away
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Fill out a form to check your rate in 5 minutes
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Most borrowers are instantly approved³
Get your money
99% of personal loan funds are sent just 1 business day after signing⁴
Let us answer your questions
What is a personal loan?
An unsecured personal loan is money borrowed from a lender that is not secured by property such as a house or car over a fixed period of time. While most loans through Upstart are unsecured, certain credit unions may place a lien on other accounts you hold with the same institution. There may be an option to secure your personal loan through Upstart with your vehicle, which will require a lien to be placed on the vehicle. It is important to review your promissory note for these details before accepting your loan.
What is a car refinance loan?
A car refinance loan is a new car loan that usually replaces your current loan from a different lender. Refinancing your car loan can help you save money by lowering your APR or by reducing your monthly payments.
What’s the difference between an interest rate and an APR?
The interest rate is only one factor of the cost of the loan. The total cost can be understood by the APR which is the annual cost of a loan inclusive both of interest rate and all other associated fees. For example, the cost of an origination fee is included in the APR. When comparing loan products, it is important to compare the APR of each product.
How long will it take to get my money?
Personal loan funds are transferred on the next business day if the terms are accepted before 5pm ET Monday-Friday excluding holidays. If the terms are accepted after 5pm ET, on a weekend, or on a holiday, the funds will be transferred on the following business day.
Will it affect my credit score?
Checking your rate on Upstart will not affect your credit score. If you proceed with your application after receiving a rate your credit score will be impacted. When you check your rate, we make a "soft credit inquiry." Soft credit inquiries on your report do not lower your credit score, but you may see when you view your report that this inquiry was made. If you are offered a loan and proceed with the application, a "hard credit inquiry" will be completed to verify the accuracy of your application. This action will be recorded as an inquiry on your report and it will impact your credit score.
Do I pay a fee if I pay off my loan early?
There is no prepayment penalty for paying off a loan on Upstart early. You may pay off part or all of the loan at any time with no fee. By prepaying, you will pay less overall interest because the loan is outstanding for a shorter time.
Is Upstart right for you?
Won't affect
your credit score¹* All unsecured personal loans through Upstart offer a fixed rate and range between 7.4% - 35.99% APR based on 5-year rates offered in September 2024. 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.
1. When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.
2. As of publication in September 2024, and based on a comparison between the Upstart model and a hypothetical traditional model using Upstart data from Jan - Dec 2023. For more information on the methodology behind this study, please see Upstart’s Annual Access to Credit results here.
3. The majority of unsecured loan borrowers on the Upstart marketplace are able to receive an instant decision upon submitting a completed application, without providing additional supporting documents, however final approval is conditioned upon passing the hard credit inquiry. Loan processing may be subject to longer wait times if additional documentation is required for review.
4. If you accept your loan by 5pm EST (not including weekends or holidays), your funds will be sent on the next business day. When the funds will be available to you will depend on your bank’s transaction processing time and policies.
5. 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).
7. As of 9/30/2024, across the entire Upstart marketplace.
8. This type of loan within the Upstart platform is a short term loan with no interest and an origination fee that makes up the APR calculation. Representative example of payment terms for this type of loan is as follows: a borrower receives a loan of $1,000 for a term of 12 months, and an origination fee of $205, for an APR of 35.95%. In this example, the borrower will receive $1000 and will make 12 monthly payments of $100.44.
9. Minimum annual income required to be eligible to apply is $12,000.
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As of September 2024, 10% of funded HELOCs achieved a closing timeline of 6 days or less and a funding timeline of 11 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline.
Personal Loans: The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.60% and a 7.50% origination fee of $750, for an APR of 22.50%. In this example, the borrower will receive $9250 and will make 60 monthly payments of $258. APR is calculated based on 5-year rates offered in September 2024. There is no downpayment 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.
Auto Loans: The full range of available rates varies by state. A representative example of payment terms for an Auto Refinance Loan is as follows: a borrower receives a loan of $20,000 for a term of 60 months, with an interest rate of 11.21% and an origination fee of $1000, for an APR of 12.93%. In this example, the borrower will receive $19,000 and will make 60 monthly payments of $438. APR is calculated based on 5-year rates offered in September 2024. There is no downpayment 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.
Use of funds must be in accordance with Upstart's Acceptable Use Policy.
Upstart is not the lender for this product. All loans on Upstart's marketplace are made by regulated financial institutions.
All mortgage lending conducted by Upstart Mortgage, LLC. UML State Licenses . NMLS #2443873. NMLS Consumer Access .