
Upstart Personal Loans: 2021 Review
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Updated April 14, 2021
Overview of Upstart
Pros and cons
Pros
Applicants with low credit scores may still qualify for funding Money deposited in one business day, once accepted You may be presented with multiple lending options
Cons
May have origination fee 3 or 5-year loan terms are the only options offered Other fees, like late payment, check refund, and paper copies, can add up
Upstart Personal Loan Terms, Rates, and Fees
Other Lenders
What Types of Loans Does Upstart Offer?
Important to Keep in Mind
Applying for an Upstart Personal Loan
Upstart Loan Requirements
You must be a US citizen or permanent resident living in the US You must be 18 years of age or older You must possess a valid email address and Social Security number. You must have a full-time job (or full-time offer), steady income stream, or regular part-time job You must have a personal bank account
The Upstart Loan Application
What is your highest level of education? What is your primary source of income? How much do you have in savings? Have you taken out any new loans in the past 3 months?
The Bottom Line
Frequently Asked Questions
About the Author
Susan Guillory is the President of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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