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Upstart Personal Loan Review 2022
Upstart underwrites personal loans to borrowers with fair to excellent credit. While their minimum credit score is 620, they have a unique model to help qualify borrowers with fair credit, short credit history, and large income.
Best for fair credit but on the upswing
| Fixed APR | 7.98 - 35.99% |
|---|---|
| Loan Amounts | $1,000 - $50,000 Varies by state |
| Repayment | 36 - 60 months |
| Fees | Origination fee: 0% - 8%, late fees. |
| Time to fund | Next business day after accepting the loan. |
| Min. Credit Score | 620 |
Pros:
- Flexible credit and qualification requirements.
- Offer low dollar amounts.
Cons:
- High fees.
- No co-borrowers.
- High rates.