- APR range
- 7.80%–35.99%
- Loan amount
- $1K–$50K
- Min. credit score
- 300
- Funding time
- Next business day
Why it stands out
Upstart highlights
- Considers job history and education, not just FICO
- Approvals for scores as low as 300 in some cases
- 99% of applicants get funded within one business day
- Loans from $1,000 for smaller needs
The verdict at a glance
Pros and cons
Pros
- Accessible to borrowers with limited credit history
- Fast decisions and next-day funding
- Soft-pull pre-qualification with no score hit
Cons
- Origination fee runs up to 12% of the loan
- Higher APRs for lower-scoring applicants
- Loan cap of $50,000 limits large projects
Our full review
Our take on Upstart
Upstart's underwriting weighs education, employment, and income alongside your score, so it approves people other lenders reject. Rates start low but the origination fee can climb steeply for riskier profiles.
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Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on Upstart’s own site before you apply.
The alternatives
How Upstart compares
Other top-rated lenders in Personal Loans. Compare the numbers side by side before you decide.
| # | Provider | Rating | APR range | Best for | |
|---|---|---|---|---|---|
| 1 | SoFi | 8.99%–29.49% | Strong-credit borrowers who want extras | See Rates | |
| 2 | LightStream | 7.49%–25.99% | Excellent-credit borrowers chasing low APR | See Rates | |
| 3 | Marcus by Goldman Sachs | 9.99%–24.99% | Consolidating debt without any fees | View Offer | |
| 4 | Best Egg | 6.99%–35.99% | Mid-tier credit and secured options | View Offer |
- SoFi4.9Best for Strong-credit borrowers who want extras
- LightStream4.8Best for Excellent-credit borrowers chasing low APR
- Marcus by Goldman Sachs4.6Best for Consolidating debt without any fees
- Best Egg4.3Best for Mid-tier credit and secured options