Upstart Personal Loans
Get funded as quickly as one business day even with little or no credit history. Competitive rates from 6.5% APR, loan amounts up to $75,000, no prepayment penalty.
Upstart stands out for Canadians seeking speedy personal loan approval and flexible eligibility. The loan offers amounts from $1,000 to $75,000, annual percentage rates (APR) from 6.5% to 35.99%, and repayment terms of 36 or 60 months. Even applicants with limited or no credit history can qualify.
How to Apply
- Visit the Upstart application page using the dedicated offer link.
- Fill in basic personal details and financial information online.
- Prequalify instantly—no impact to your credit score at this stage.
- Once prequalified, formally apply for the chosen amount and term.
- Provide required documentation and sign an agreement if approved.
- Funds typically arrive in your account by the next business day.
Advantages
One of Upstart’s biggest benefits is accessibility—accepting borrowers with low or no credit. Approval is fast, and the APR can be competitive for qualified applicants. Loans can be customized from $1,000 up to $75,000, catering to both small and larger financial needs.
There are no prepayment penalties, so you can pay off your loan early without additional fees. This flexibility is appealing to those aiming to save on interest over time.
Downsides
While Upstart’s speeds and accessibility are excellent, their origination fees range from 0% to 12%. This can reduce the actual amount you receive.
Additionally, late fees apply—5% of the unpaid amount or $15, whichever is more. Those managing tight budgets should be mindful of this.
Verdict
Upstart Personal Loans remains an excellent, flexible solution for borrowers in Canada looking for rapid access to funds, especially for those lacking established credit. Consider the origination and late fees, but overall, Upstart is a strong choice for same-day personal loan approval and fair rates.
