Upstart Personal Loans
Flexible approval for all credit profiles. APRs from 6.5%. Receive up to $75,000 as soon as the next business day with easy online application.
Upstart Personal Loans stand out for their ability to serve applicants with little to no credit history, making them an attractive choice for first-time borrowers. With an annual percentage rate ranging from 6.5% to 35.99%, and loan amounts from $1,000 to $75,000, Upstart offers flexibility. You’ll find repayment terms of 36 or 60 months, and you can receive funds as soon as the next business day after approval. There are no early payoff penalties, allowing you to save on interest if you pay off your loan sooner.
How to Apply for an Upstart Personal Loan
- Complete a quick online prequalification to check potential rates
- Fill out the full application with personal, employment, and financial information
- Submit required documents for verification
- Review and accept your loan terms if approved
- Receive your funds, sometimes as early as the next business day
Pros of Upstart Personal Loans
Upstart is known for accepting low or no credit applicants, perfect for those with limited borrowing history. Most qualified borrowers are funded the next business day. Additionally, there are no early payoff penalties, so you have the flexibility to repay faster and save on overall interest.
Cons of Upstart Personal Loans
Keep in mind that Upstart may charge a significant origination fee—up to 12% of your loan—which can affect your total cost. Borrowers may also face high late fees if a payment is missed or delayed.
Unser Urteil
If you need quick funds and do not have a strong credit profile, Upstart is a leading option. Fast approval, next-day funding, and fair qualification criteria make this a reliable personal loan for many Canadians looking to cover expenses urgently or build credit history efficiently.
