Upstart

2 Circle Star Way, San Carlos, CA 94070
650-204-10-00
Our rating
449 reviews
Rating distribution
5 stars
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1 star

Upstart Loans Reviews Online

With no prepayment penalty, Upstart clients can get loans for various purposes: from credit cards refinancing (that make up for 77% of their loans) to education expenses. Borrowers can count on better loan rates compared to their credit cards. Besides, even people with no credit can benefit with company’s loans. If your annual income is $12, 000 or more ( you will need to verify this with your full-time job, part-time job or job offer letter) and you have little to no credit history, you can still apply.

With Upstart, low-income people have better chances of getting the money they need. However, you may want to unsubscribe from their phone calls or emails, as according to TrustPilot, they may be quite annoying. Their verification process might bit a bit overwhelming as well. We’ve found some unsatisfied customers online. But it is common, as even Avant reviews contain some bad mentions on the Internet.

APR8.85% to 29.99%
Origination Fee0.0% – 6.00%
Loan Amount$1,000 to $50,000
Credit Score Range620 - 850
Supported Income Types1099 Misc. Income, Cash / Other, Direct Deposit (W2, SSA, SSDI), Payroll Check or Prepaid Card

Final Thoughts

It usually takes 1 business day to get money in case of approval. With education expenses funding it may take up to 3 business days, though it is still pretty fast. With a soft credit check, Upstart offers following repayment terms: monthly, over 36 months or 60 months. Late repayments will cost you 5% of unpaid amount or $15.

Established in 2012 in California, Upstart has pretty high origination fee for its consumer loans, though their loans can be used for business with no requirements of time in business and set annual revenue. Applying is very easy and requirements are pretty basic. This was the most important information a future borrower needs to be aware of.

Photo credit: Upstart.com