• FICO Range 640+
    Origination Fee Yes
Company Description

(4.66% – 29.99% APR)

Upstart is a good option for borrowers who are just out of school or have short credit histories. Upstart’s credit model is unique in that it specifically considers your education, area that you studied, and your job history.

Loan Size

$1,000 – $50,000

  • · 640+ FICO Score
  • · A solid academic background and job history.
  • · Stable income.
  • · School Transcript
How Upsatart Works

Similar to other online lenders, Upstart collects your basic information and runs soft credit check (this is basically a credit pull that does not impact your credit or FICO score). Additionally, Upstart may ask for your college transcript to verify the school you went to. This entire process is lightning fast and could take as little as 2 days. Once the money is in your bank account, payments are automatically withdrawn from your account until the loan is paid off.

Bottom Line

If you have a solid academic background and job history but might not have Excellent credit, you may find the best rate for a loan to consolidate your credit, pay for a large purchase, or fund a special occasion.