Upstart offers a compelling personal loan for those who need quick funding, especially if your credit history isn’t perfect or is brand new. With interest rates ranging from 6.5% to 35.99% APR and loan amounts between $1,000 and $75,000, you can access funds within one business day of approval. Loan terms are available at 36 or 60 months, and Upstart permits applications from those with very little credit history—starting with scores as low as 300.

How to Apply for Upstart Personal Loans

• Complete a simple online application with your personal details and desired loan amount.
• Receive a preliminary lending decision in minutes after submission.
• If pre-approved, consent to a hard inquiry for final approval.
• Review and sign the loan agreement.
• Receive funds in your bank account as soon as the next business day.

Pros of Upstart Personal Loans

Upstart stands out for approving applicants with low or even no credit history. This opens opportunities for young professionals and those rebuilding credit.

Additionally, there are no early payoff penalties. Most loans are funded quickly—often within one business day, providing fast financial relief when you need it most.

Cons of Upstart Personal Loans

Upstart charges an origination fee that can reach up to 12%, which can reduce your overall loan amount received. Late fees are also higher than some competitors.

If you require paper documents, there is a $10 fee for each paper copy of the loan agreement, which can add up if you prefer physical paperwork.

Our Verdict

If you’re in need of quick funding and worry about limited credit history, Upstart is worth considering. Its fast approval and low entry requirements are ideal.

Just be mindful of potential origination and late fees. Upstart is especially suitable for emergency expenses and first-time borrowers needing fast cash.