How to Apply for an Upstart Loan

If you’re interested in securing a loan through Upstart and want to learn how to apply, here are the steps to guide you through the process:

Online Application

1. Visit the official Upstart website.
2. Start by checking your rate. You can do this in just 5 minutes without impacting your credit score. Provide some basic personal information during this pre-qualification process.
3. If you receive a pre-approval offer and decide to proceed, you’ll need to complete the full application. During this step, there may be a hard credit check that could affect your credit score.
4. Once you submit the application, you’ll receive a quick response, and if approved, your funds can be available in as little as one business day.

Requirements

Before applying for an Upstart Loan, make sure you meet the basic requirements, which may include:

• Being at least 18 years old.
• Being a U.S. citizen or permanent resident.
• Having no recent bankruptcies or accounts in collections.
• Meeting certain income and credit score criteria.

Using the App

While Upstart has a mobile app that allows you to manage your loan account, it doesn’t support the application process. You can use the app for basic account management and to access your loan details.

Compare Upstart Loan to Other Options: LendingClub Personal Loan

To make an informed decision, you may want to explore alternative loan options like LendingClub Personal Loans. LendingClub offers loans of up to $40,000 with favorable terms and no prepayment fees.

By comparing the features and terms of both Upstart and LendingClub loans, you can determine which option best aligns with your financial needs.

For detailed information and to begin your loan application, visit the official Upstart website.

	Upstart Loan	LendingClub Personal Loan
APR	From 5.2% to 35.99% variable APR;	9.57% to 35.99% variable APR;
Loan Purpose	Personal loans of all types and car refinance loans;	Debt consolidation, home improvement, credit card refinancing, major purchase, home purchase, car financing, green loans, business loans, vacation loans, moving and relocation, medical expenses, and other personal loans;
Loan Amounts	From $1,000 to $50,000;	From $1,000 to $40,000;
Credit Needed	There is no minimum credit score to get your loan with this lender;	You’ll get better loan terms with a higher credit score;
Origination Fee	There can be an origination fee depending on your loan (ranging from 0% to 12%);	The origination fee can go from 3% to 8%;
Late Fee	You’ll need to pay a late fee if you don’t make your loan payments on time (either 5% of the late amount or $15, whichever is greater);	There can be a late fee of $15 or 5% of the late amount, depending on your loan type and terms;
Early Payoff Penalty	You won’t have to pay any early payoff penalties.	There are no prepayment penalties for this lender.

If you have any specific questions or require further assistance, please feel free to ask.