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Upstart is one of those companies that are gaining attention and a hoard of followers in record time. This company uses the same business model of peer-to-peer lending of other companies like Prosper, but with a very big difference. UpStart has adopted a more progressive approach to the loan approval process since borrowers’ credit score and/or credit history are not the only main factors. With UpStart, factors such as the borrowers’ education and job history will help them obtain a bigger chance at getting their requested loans.

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UpStart Availability

UpStart offers its online lending services throughout all the United States. Without a doubt, this is great news for most people looking for low APR loans.

Upstart offers unsecured personal loans from $1,000 to $50,000 to all consumers who are looking to consolidate their credit card debts, debt consolidation, major purchases, invest in education or even to start a business. By using a simple online application process, borrowers can get a loan pre-approval in literally two minutes and they expect the requested funds the next day in some cases. Upstart offers the lowest personal loans APRs in our ranking starting from 9.57% without pre-payment penalties or hidden fees.

With a beautiful website worthy of awards, one of the easiest online loan application forms in the industry and extremely fast approvals, Upstart, in no time, landed on the top spots of our online lenders ranking. Perhaps, their only weak point (the same as Prosper) is that this kind of loan option is designed for people with a credit score of at least 640.

Upstart Reviews and Loan Types

Upstart is a web platform that allows its users – with a credit score of more than 640 – to request a loan and get an approval within minutes. The advantage and the reason why they offer lower interest rates is because the requested loans are funded thanks to a network of thousands of investors (not necessarily lenders) who study each potential borrower.

These investors can invest as little as $25 in every loan, thus increasing the chances of obtaining funds by using a service like Upstart. In addition to credit scores, ratings and personal stories, Upstart considers a borrower’s background information such as level of education, field of study and work history which increases the borrower chances to get funded.


Peer-to-peer loans up to $50,000 and low rates starting at 9.57% APR. Great option for personal loans for credit scores above 640.

Up to $50,000

  • Peer to peer loans
  • Loans from $1,000 up to $50,000
  • Rates from 9.57% – 29.99% APR
  • Terms up to 60 months

To apply for a loan through the platform, consider the following:

  • Purpose of the loan
  • Minimum credit score of 640
  • At least 18 years old
  • United States citizen or resident
  • Valid email account
  • Proof of identity and social security
  • Job status or source of income
  • Valid bank account in United States

Upstart proudly advertises that the interest rates they offer to their users are 30% less than the industry average which has proven to be true with rates starting at 4.7% for qualified borrowers requesting fixed rates loan. The payment terms (or repayment) of the loan cannot exceed 36 months.
Despite providing a 100% online service since a consumer cannot apply for a loan without a valid email address, Upstart has a team of well-spoken customer service representatives who are capable, consumer-friendly and ready to answer any question from Monday through Friday from 6am to 8pm and Saturdays and Sundays from 6am to 6pm (Pacific Time). Their mailing address is: P.O. Box 61203 Palo Alto, CA 94306

To sum up, the team of openly recommends for personal loans. If you have a credit score of at least 640 and a verifiable job or source of income, Upstart would be a pretty smart choice since it has the lowest interest rates in the industry with a higher approval rate than most online lenders. When you are approved for a loan with Upstart, your payments will be automatically deducted from your linked checking account.

UpStart offers Peer-to-peer loans up to $50,000 and low rates starting at 9.57% APR. The best option for personal loans with credit score of at least 640
9.6 Total Score

Peer-to-peer loans up to $50,000 and rates starting at 9.57% APR. The best option for personal loans if your credit score is at least 640.

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Peer-to-peer loans up to $50,000 and low rates starting at 9.57% APR. Great option for personal loans for credit scores above 640.

Up to $50,000

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