Upstart is a peer-to-peer loan company that provides you with funds in a financial emergency. If you have a good credit rating, an Upstart personal loan might be a good option for you. The company’s loans have a low-interest rate, and the application process is simple. Here is everything you wanted to know about this loan company.
Upstart is an online-based loans company. Founded by former employees from Google, the company lets you apply for a loan and use the funds to cover a shortfall in your finances. Upstart generally caters to graduates who have finished college. However, you don’t need a college degree in order to qualify for a loan.
You can apply for a loan on the company’s website and receive a decision about your application in a quick timeframe. The entire process is straightforward, and you will receive a confirmation email once you’re done.
In order to qualify for an Upstart loan, you will need to be a U.S. citizen and have an annual income of $12,000 or more.
Interest rates are generally cheaper than other financial products on the market and range from around 8 percent to around 36 percent. The minimum amount of finance you can apply for is $1,000; the maximum amount is $50,000. The minimum loan term is three years; the maximum term is five years.
Consumer reviews about Upstart are generally positive. People liked the speedy application process and low-interest rates. However, there are financial products out there with even lower interest rates. Users also praised Upstart’s customer service. There are a number of different ways to contact a member of staff, including email and phone.
If you have a good or excellent credit rating, Upstart Personal Loans might be an option you want to consider. If you have a less-than-stellar credit rating, however, you might want to explore other financial products on the market. Upstart generally caters to graduates who have finished college, making it a good choice if you need finance after completing your education.
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