No hidden costs, no surprises. See exactly what you'll pay before you commit. Our competitive rates start as low as 6.70% APR for qualified borrowers.
Your APR is personalized based on multiple factors. Here's what to expect based on your credit profile.
We believe in complete transparency. Here's everything you might pay.
A one-time fee deducted from your loan proceeds. The exact percentage depends on your credit profile, loan amount, and term. This fee covers the cost of processing your loan.
Pay off your loan early without any penalties or extra fees. We encourage early repayment as it saves you money on interest. Make extra payments anytime through our app or online portal.
If a payment is more than 15 days late, a fee of $15 or 5% of the unpaid amount (whichever is greater) may be charged. Set up automatic payments to avoid this fee entirely.
No application fees, no annual fees, no check processing fees, and no fees to use our online platform or mobile app. What you see is what you get.
Unlike traditional lenders, we consider over 1,000 variables. Here are the key factors that influence your personalized rate.
While important, it's just one factor. Higher scores typically qualify for lower rates, but our AI looks beyond this single number.
Stable employment and career progression show income reliability. Job history and industry trends factor into your rate.
Your degree, field of study, and academic performance can indicate future earning potential and financial responsibility.
Your income level and debt-to-income ratio show your ability to manage loan payments alongside existing obligations.
Shorter terms and smaller amounts typically receive better rates. Your chosen loan structure impacts your APR.
Debt consolidation and other responsible uses may qualify for better rates than general purpose loans.
See what real borrowers with different profiles might expect to pay.
Professional, 750 credit score, $75K income
Mid-career, 680 credit score, $55K income
Recent grad, 620 credit score, $42K income
Stable job, 580 credit score, $38K income
See how our rates compare to traditional alternatives.
| Lending Option | Typical APR Range | Approval Speed | Credit Requirement |
|---|---|---|---|
| Upstart Personal Loan | 6.70% - 35.99% | Instant (87%) | As low as 300 |
| Traditional Bank Loan | 8% - 18% | 3-7 days | 660+ usually |
| Credit Card Balance | 18% - 29% | Instant (if approved) | Varies widely |
| Payday Loan | 400% - 500% APR | Same day | None (very risky) |
| Home Equity Loan | 5% - 12% | 2-6 weeks | 640+ & home equity |
Follow these tips to improve your chances of getting the lowest possible rate.
Review your credit report for errors and dispute any inaccuracies. Even small improvements to your credit score can lower your rate.
Pay down existing debts before applying. A lower DTI ratio shows lenders you can handle additional debt responsibly.
While monthly payments are higher, shorter terms (3 years vs 5) often qualify for lower APRs and save you money on total interest paid.
Don't forget side hustles, bonuses, or investment income. Higher verified income can qualify you for better rates.
Smaller loan amounts often receive better rates and are easier to manage. Don't borrow extra "just in case."
Set up automatic payments to never miss a due date and receive a 0.50% APR discount on your loan.
Check your rate in 2 minutes with no impact to your credit score. See exactly what you'll pay before you commit.