Loans

How to apply for the Upstart personal loan?

Are you looking for an online personal loan platform that gets you fast and good loans? The Upstart loan can be your choice. So, keep reading to know how to apply!

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by Victória Lourenço

10/01/2021 | Updated on 10/25/2021

Applying for Upstart personal loan

Find out how to apply for a loan at Upstart Loan. Source: Upstart
Find out how to apply for a loan at Upstart Loan. Source: Upstart

The Upstart loan platform offers great features to those who need to make fast and good personal loans. This platform can be great for those who do not want to have a hard credit inquiry when applying for a loan. That is because this type of inquiry can negatively affect credit scores.

Also, this platform has a different type of analysis for loans, such as great AI features to analyze your data. So, if you want to know how to apply for a personal loan on this platform, keep reading our post!

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Loan

Upstart

online

Get loan funds within 1 or 2 days No prepayment penalty charges

You will be redirected to another website

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Apply online

Check out how to apply online for a loan. Source: Gettyimages
Check out how to apply online for a loan. Source: Gettyimages

To apply for a loan using this platform, you can go to their website and check your rate first. You can do this in just a few minutes. After that, you will need to provide some of your personal information. Then, you can get a fast response.

Apply using the app

See if you can apply for a loan using the app. Source: Gettyimages
See if you can apply for a loan using the app. Source: Gettyimages

Unfortunately, you cannot apply for loans using a mobile app on your phone. Upstart does not even offer a mobile app to people who already got approved for loans.

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Upstart vs. OneMain Financial personal loan

If you still want to do more research before applying for a loan, we can help you with information about another lender platform. The OneMain Financial personal loan can also be great for people who do not have a very high credit score. So, here is a comparison between Upstart and OneMain Financial.

UpstartOneMain Financial
APRFrom 4.37% to 35.99%From 18.00% to 35.99%
LOAN PURPOSEYou may take out loans to pay off credit cards, consolidate debt, and more.You can get this loan to use for home improvement, weddings, debt consolidation, some kind of emergency, and more.
LOAN AMOUNTSLoans are available in quantities ranging from $1,000 to $50,000.$1,500 to $20,000
CREDIT NEEDEDA credit score of at least 580.There is no minimum point credit needed.
TERMSThis lender gives you the option of a 3- or 5-year payback period.The loan terms are 24, 36, 48, or 60 months.
ORIGINATION FEEThe costs charged might range from 0% to 8% of the loan amount.In certain states, the origination fee goes from 425 to $500.
In other states, this fee ranges from 1% to 10% of the amount of the loan.
LATE FEEA late fee of 5% of the late amount, or $15, whichever is larger, will be charged.The late fees are from up to $30 or 15% of your late payment.
EARLY PAYOFF PENALTYNo early payoff penalty.There is no early payoff penalty with this loan.

How to apply for OneMain Financial personal loan?

Check out how to apply for OneMain Financial personal loan!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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