How to apply for Upstart Personal Loan
Meet one of the largest online lenders in the US and borrow up to $50,000 without worrying about hidden fees or extra costs!
Applying for an Upstart personal loan is a really straightforward process and should not take more than 20 minutes.
By the end of the application, you can choose to borrow up to $50,000 and still enjoy some long repayment terms of up to 5 years.
Below, you can check out all the requirements and procedures you need to follow before submitting an application for an Upstart personal loan.
Requirements for Application
Before applying for an Upstart Personal Loan, it’s important to familiarize yourself with the requirements.
Firstly, is important to know that Upstart usually requires a minimum credit score of 600 for all their loan applications.
In addition to your credit score, Upstart typically require a minimum annual income of $12,000, although higher income levels may increase your chances of approval.
Unlike other online lenders, Upstart also considers your educational background, as they use advanced algorithms and non-traditional variables to assess creditworthiness.
Lastly, you must be a U.S. citizen or a permanent resident and at least 18 years old to qualify for a Upstart Personal Loan.
How to apply?
You can apply for a Upstart Bank personal loan on their website by following these simple steps:
- Visit the Upstart website:
- Click on the “Apply Now” or “Get Started” button on the homepage;
- Provide Personal Information;
- Enter the desire loan and terms;
- Provide your employment and income information;
- Upload the required documentation;
- Submit your application.
After submitting your application, Upstart will review your information and make a decision. This process usually takes one day, and you will be notified of the outcome via email.
Looking for another online lender? Check out Sofi’s $25,000 personal loan!
How does SoFi’s Personal Loan work?
SoFi has designed its personal loans as a viable alternative to traditional lenders, offering a more flexible and streamlined borrowing experience.
The loan amounts ranging from $5,000 to $100,000, ensuring access to funds that align with your financial goals.
Repayment terms are adjustable, allowing you to select a timeframe that suits your unique financial situation, spanning from 2 to 7 years.
With competitive interest rates starting as low as 8.99% APR, SoFi ensures that you obtain financing on favorable terms.
- Fixed Monthly Payments
- Convenient Online Application
- No prepayment, origination, and late fees.
- Same-Day Funding:
SoFi offers a 0.25% rate discount for borrowers who sign up for automatic payments. This helps you save on interest throughout the loan’s duration.
Regardless of your location within the United States, you can access SoFi’s personal loans. This widespread availability ensures borrowers nationwide can benefit from their services.
See how to apply!
Applying for a SoFi personal loan is a straightforward process. If you’re interested, simply click the green button and follow the step-by-step guide on how to apply for SoFi’s personal loans.