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LendingPoint Personal Loans Overview

LendingPoint offers customized financial solutions through unsecured personal loans designed for a wide range of individuals, including those with fair credit. Loan amounts range from $1,000 to $36,500, supporting various needs, including debt consolidation, home improvements, and wedding expenses. The application process is quick and fully online, with potential for same-day approval and next-day funding, providing convenient access to funds when you need them most.

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LendingPoint Personal Loans Disclaimer

* Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; Midland States Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $1,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 serviced by LendingPoint over a period of 48 months that has an APR of 26.59% with an origination fee of 10% may have a payment of $340.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) The total amount due under the loan terms provided is $16,345.12 and the disbursal amount is $10,000. In the example provided, the total financed amount is increased to receive the full requested loan amount after the origination fee is deducted. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

LendingPoint Personal Loans
Web Rating: -
Rated 4.3 out of 5

Features

  • LendingPoint specializes in unsecured personal loans for those with fair credit.
  • Loan amounts from $1,000 to $36,500, catering to diverse financial needs.
  • Streamlined online experience, allowing quick prequalification without affecting credit scores.
  • Technology-driven loan approval process.
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Upstart Personal Loans
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LendingPoint: Comprehensive Overview

About LendingPoint

LendingPoint is a U.S.-based financial technology company headquartered in Kennesaw, Georgia. Founded in 2014 by Tom Burnside (CEO) and Franck Fatras (CRO), the company offers personal loans directly or through its FDIC-insured bank partners. It is committed to creating a fairer, faster, and more flexible lending experience for people who may not always fit the narrow criteria of traditional banks.

LendingPoint offers unsecured personal loans ranging from $1,000 to $36,500, with transparent terms and quick access to funds. Since its inception, the company has expanded its services to 48 states and Washington, D.C., excluding Nevada and West Virginia, and has originated over $9 billion in consumer loans.

Mission and Approach

LendingPoint’s mission is to deliver frictionless access to credit through a combination of innovation, data science, and responsible lending practices. The company leverages proprietary AI-driven credit models, believing that access to credit should be determined by potential, rather than solely by a credit score, by assessing factors such as income consistency, employment history, and financial behavior.

This advanced approach allows LendingPoint to extend loan approvals to a broader range of consumers, including those with fair or recovering credit.

Technology-Driven Lending

As a fintech-focused lender and servicer, LendingPoint uses its proprietary risk assessment platform to enhance approval accuracy and speed in the underwriting process, often delivering loan decisions within minutes. The streamlined application process enables approved customers to receive funds as soon as the next business day, making borrowing simple, efficient, and stress-free.

Ongoing investment in AI, automation, and machine learning has positioned it as a pioneer in responsible lending, ensuring each loan offer is personalized and transparent.

Commitment to Innovation and Customer Service

Beyond technology, LendingPoint prioritizes customer experience and financial empowerment. The company continually refines its platform to stay aligned with real-world financial needs and borrower expectations, earning strong customer satisfaction ratings and recognition in the fintech lending space.

$9 Billion+

in funded loans

Customer Satisfaction Rate
0 /5
Trustpilot
A+ Rating

Better Business Bureau

Understanding LendingPoint Personal Loans

LendingPoint personal loans are designed to help manage a variety of financial needs with convenience and clarity. Whether consolidating high-interest debt, covering unexpected expenses, or financing home projects, the company provides predictable and straightforward solutions through its online platform. It operates as both a direct lender and in partnership with FDIC-insured banks, managing the process from application and approval to funding and servicing.

🔷 Flexible Loan Options

Borrowers can choose a loan amount between $1,000 and $36,500, with repayment terms typically ranging from 24 to 72 months. This flexibility allows borrowers to tailor their loans based on personal goals, whether they prefer smaller payments over time or a faster payoff schedule.

🔷 Predictable Fixed Rates

Each loan features a fixed interest rate, ensuring consistent monthly payments throughout the term. This steady structure enables borrowers to plan their finances with confidence, without worrying about changing rates or fluctuating bills.

🔷 Unsecured Financing

LendingPoint personal loans are unsecured, meaning borrowers do not need to pledge property or assets to qualify. Eligibility is based on overall financial health, including income stability and payment history, not just credit scores.

🔷 Fast, Convenient Funding

LendingPoint is known for its quick turnaround time. Once approved and the loan agreement is signed, funds can often be deposited as soon as the next business day, depending on the bank’s processing times and verification requirements, making it a practical choice for time-sensitive financial needs.

🔷 Transparent Fee Structure

LendingPoint maintains a clear and upfront fee policy. While there are no prepayment penalties, an origination fee of up to 10% may apply depending on the borrower’s credit profile, loan amount, and state regulations. All costs are disclosed before acceptance, ensuring complete transparency and eliminating any surprises later.

LendingPoint Personal Loan Details

Safety
Protected by industry-standard 256-bit SSL encryption
Lender Type
Direct Lender
BBB Rating
A+ Rating, BBB-accredited since 2014
APR
7.99% to 35.99%*
Credit Score
600+
Loan Amount
$1,000 – $36,500*
Loan Term
24 – 72 months
Origination Fees
Up to 10%
Time to Receive Funds
1 to 2 business days after approval*

How to Qualify and Apply for a LendingPoint Loan

Eligibility Requirements

To qualify for a LendingPoint personal loan, applicants must meet a few basic requirements. While details may vary by state and lending partner, these include:

• Age and Residency: Applicants must be at least 18 years old and residents of the United States. LendingPoint does not currently offer loans in Nevada or West Virginia due to state regulations.

• Identification and Social Security Number: A valid government-issued photo ID and a Social Security number are required for identity verification and credit assessment.

• Minimum Income: LendingPoint requires a minimum annual income of $35,000, which can come from employment, retirement benefits, or other reliable income sources, to manage repayments responsibly.

• Banking Requirements: A verifiable personal bank account in the applicant’s name is needed to receive funds and set up loan repayments.

• Credit and Financial Evaluation: LendingPoint reviews each applicant’s complete financial picture. While a credit score in the 600–700 range is generally favorable, the company also considers factors like income consistency, debt-to-income ratio, payment history, and existing financial obligations when determining eligibility.

• Documentation: Depending on the application, supporting documents such as pay stubs, bank statements, or proof of employment may be required for final verification.

Meeting these requirements helps ensure a smooth application experience, though final approval depends on LendingPoint’s comprehensive review of the applicant’s financial profile.

Application Process

Applying for a LendingPoint personal loan is a straightforward, fully online process designed to deliver quick decisions. The steps below outline how it typically works:

01
Begin with a Quick Loan Preview
The process begins with a quick online rate check, which uses a soft credit inquiry that does not affect the credit score. Based on the information provided, LendingPoint presents personalized loan offers and terms to the eligible applicants for review.
02
Compare and Choose the Right Offer
Applicants can compare multiple loan options, each with different loan amounts, estimated monthly payments, and repayment structures, and then select the option that aligns with their financial goals.
03
Upload Supporting Documents
To verify the information provided during the application, LendingPoint may require supporting documents, such as recent pay stubs, bank statements, proof of employment, and a government-issued ID.
04
Review and Sign the Agreement
Following verification and approval, applicants can review their finalized loan terms and sign the agreement digitally to confirm acceptance.
05
Receive Funds Promptly
Once the agreement is signed, the funds are transferred directly into the applicant’s verified bank account, typically within one business day of finalization.
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  • Loans starting from $100 – $5,000.
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  • Online form is quick and can be completed in under 5 minutes.
  • Fast funding as soon as the next business day.

Key Features and Benefits of LendingPoint Personal Loans

🔷 Inclusive Credit Consideration

LendingPoint serves a wide range of individuals, including those with fair credit. With a minimum credit score requirement of around 600, its flexible evaluation model helps those with less-than-perfect credit gain access to personal loans and rebuild financial confidence.

🔷 Fully Online Experience

The entire process, from prequalification to funding and account management, is managed through LendingPoint’s secure online platform. Borrowers can apply, upload documents, and track their loan status at any time, from any device.

🔷 AI-Powered Approval Process

LendingPoint’s proprietary AI and data-driven technology assesses creditworthiness using a comprehensive range of data points beyond traditional credit scores. By evaluating income consistency, payment history, and spending patterns, the system enables faster and more inclusive loan decisions, often with same-day approvals for qualified borrowers.

🔷 Broad Loan Uses

LendingPoint’s unsecured personal loans can be used for nearly any lawful personal purpose, including consolidating debt, covering medical expenses, funding home improvements, or planning travel. This flexibility allows funds to be applied toward both planned goals and unexpected financial needs.

🔷 Early Payoff Advantage

LendingPoint allows borrowers to pay off their loans early without incurring any penalties, helping them reduce their overall interest costs and achieve their financial goals more quickly.

🔷 Dedicated Customer Support

LendingPoint provides responsive customer support throughout the borrowing process. Whether it involves documentation, payment inquiries, or account management, the support team ensures clear guidance and timely assistance.

🔷 Autopay and Account Management

Borrowers can enroll in autopay to ensure timely payments and manage their loan account through LendingPoint’s online portal, where they can easily view balances, payment history, and upcoming due dates.

Alternatives to LendingPoint Personal Loans

Looking for loans like LendingPoint? These alternatives provide personal loan options with varying terms and features.

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Upgrade personal loans
Web Rating:
Rated 4.5 out of 5

Loan Amount: $1,000- $50,000

Repayment Terms: 24 to 84 months

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Loan Amount: $250- $2,000

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Universal Credit

Universal Credit Personal Loans
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Loan Amount: $1,000- $50,000

Repayment Terms: 36 to 60 months

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LendingPoint Personal Loans: APR, Rates & Terms

• Loan Amounts: $1,000 to $36,500, depending on eligibility and state regulations.

• Annual Percentage Rates (APR): Range from 7.99% to 35.99%, determined by credit profile, income, and other financial factors.

• Loan Terms: Flexible repayment periods from 24 to 72 months, allowing borrowers to choose a duration that fits their repayment preferences.

• Origination Fee: May apply, up to 10%, and varies by state.

• Rate Determination: Actual loan offers are based on LendingPoint’s proprietary underwriting model, which evaluates a borrower’s overall financial profile.

📊 Example Loan Scenario

For example, a $10,000 personal loan serviced by LendingPoint over 48 months with an APR of 26.59% and a 10% origination fee may have a monthly payment of approximately $340.52.

• Total Amount Due: $16,345.12

• Disbursed Amount: $10,000 (the borrower receives this amount after the origination fee is deducted).

Borrowers may also choose to add the origination fee to the total financed amount to receive the full requested disbursal, which may slightly increase the total amount and monthly payment.

📎 Additional Details

• Lending Partners: Applications submitted through LendingPoint’s website may be funded by one of several lenders, including FinWise Bank, a Utah-chartered bank and Member FDIC; Coastal Community Bank, Member FDIC; or LendingPoint, a licensed direct lender in certain states.

State-Specific Minimum Loan Amounts:

• Georgia: $3,500

• Colorado: $3,001

• Hawaii: $2,000

• Funding Time: Once final documents are verified, funds are often available quickly after approval via ACH transfer by the next business day.

• Loan Approval: Approval is not guaranteed. Final offers may vary based on LendingPoint’s review of creditworthiness, income, documentation, and other factors. All rates, fees, and terms are confirmed after LendingPoint’s final underwriting review.

Pros and Cons of LendingPoint Personal Loans

Pros

✅ Accessible for borrowers with fair credit.

✅ Fully online application process with instant prequalification.

✅ Fixed monthly payments

✅ Possibility of next-day funding.

✅ No prepayment fees.

✅ Potential interest rate review or reduction after six months of consistent on-time payments.

Cons

❌ Limits maximum loan amount to $36,500.

❌ Charges an origination fee.

❌ Co-signers or co-applicants are not allowed.

❌ Not available for residents of Nevada and West Virginia.

❌ APRs can be higher for borrowers with weaker credit profiles.

Who Is LendingPoint Personal Loans Best For?

LendingPoint personal loans are ideal for borrowers who prioritize speed, flexibility, and ease of access. The platform’s inclusive credit evaluation and quick funding options make it a strong choice for reliable, transparent financing.

🔷 Borrowers with Fair Credit (600+)

LendingPoint’s inclusive credit model makes it an appealing choice for individuals with fair credit or limited credit history who still demonstrate stable income and responsible financial habits.

🔷 Borrowers Focused on Credit Improvement

LendingPoint supports borrowers working to build or rebuild their credit. Making consistent, on-time payments can positively impact credit history, and the company may also consider interest rate reviews or potential reductions after six months of timely repayment.

🔷 Borrowers Seeking Versatile Loan Use

LendingPoint loans can be used for nearly any lawful personal purpose, such as:

• Debt Consolidation: Simplify multiple high-interest debts into one manageable payment.

• Home Renovations: Finance upgrades, essential repairs, or energy-efficiency upgrades.

• Medical Expenses: Cover healthcare costs or unexpected medical bills.

• Travel or Special Purchases: Pay for vacations, electronics, appliances, or other major one-time expenses.

• Major Life Events: Financing weddings, moving expenses, or other significant personal milestones.

States Serviced by LendingPoint

The state’s serviced may change without prior notice; visit the lender’s website for up-to-date information.

LendingPoint Personal Loans: States

Alabama Georgia Maryland New Mexico South Dakota
Alaska Hawaii Massachusetts New York Tennessee
Arizona Idaho Michigan North Carolina Texas
Arkansas Illinois Minnesota North Dakota Utah
California Indiana Mississippi Ohio Vermont
Colorado Iowa Missouri Oklahoma Virginia
Connecticut Kansas Montana Oregon Washington
Delaware Kentucky Nebraska Pennsylvania Wisconsin
District of Columbia Louisiana New Hampshire Rhode Island Wyoming
Florida Maine New Jersey South Carolina

LendingPoint: Customer Support, Ratings & Feedback

📞 Customer Service & Support Channels

• Phone: 888-969-0959

• Email: [email protected]

Phone Support Hours

• Monday–Friday: 8:00 a.m. – Midnight EST

• Saturday: 10:00 a.m. – 9:00 p.m. EST

• Sunday: 10:00 a.m. – 4:00 p.m. EST

⭐ Reputation and Ratings

Platform Rating Review Volume Highlights

Trustpilot

4.7 / 5 stars

8,600+ reviews

Fast funding, helpful service team

Better Business Bureau (BBB)

2.83 / 5 stars

127 reviews

Accredited with an A+ rating; mixed customer feedback

WalletHub

4.2 / 5 stars

663+ reviews

Transparent terms, fair credit access

*Ratings as of Nov 2025; may change over time.

💬 Customer Feedback (Based on Reviews Across the Web)

Overall, customer feedback for LendingPoint is largely positive. Borrowers appreciate its speed, simplicity, and accessibility, often receiving funds within 24 to 48 hours. Customer service is praised for being helpful and understanding, though some mention communication delays, higher rates, or repeated document requests. Most borrowers describe a smooth and transparent experience, making LendingPoint a dependable option for personal loans.

✅ What Customers Appreciate

• Smooth and easy process: Many borrowers describe the entire experience as straightforward and hassle-free.

“The process was extremely easy — I had no problems from start to finish.”

• Helpful and caring representatives: Several customers mention positive interactions with LendingPoint’s support staff.

“Ronald was very helpful. I filled out the forms, sent in the documents, and got an answer right away.”

• Fast approvals and funding: Borrowers often praise the quick turnaround from application to funding.

“I got approved and funded in less than 48 hours — couldn’t believe how fast it was.”

• Fair credit consideration: Customers appreciate being approved despite having less-than-perfect credit histories.

“They didn’t judge me for my credit score. I finally felt like someone gave me a chance.”

• Clear communication: Reviewers highlight that representatives take time to explain loan details thoroughly.

“The rep I spoke with explained everything clearly and didn’t rush me.”

• Stress-free experience: Many note the platform’s simplicity and transparency throughout the process.

“I was nervous about applying, but LendingPoint made it simple and stress-free.”

• Transparent terms: Borrowers value the clarity and upfront nature of LendingPoint’s fee structure.

“No hidden fees, no surprises — everything was upfront and easy to understand.”

❌ Common Complaints

• Document submission issues: A few borrowers faced technical challenges while uploading or resending verification documents.

“I had to resend my documents twice — the system kept rejecting them.”

• Delayed communication: Some customers mention difficulty reconnecting with support after missed calls.

“Missed a call and couldn’t get back in touch for hours — frustrating experience.”

• Unclear denials: A few applicants were denied despite meeting the basic credit score requirements.

“Got denied even though I met the credit score minimum. No explanation provided.”

• Higher-than-expected rates: Some reviewers felt that their final loan offers were less competitive than they had expected.

“The interest rate was much higher than expected after prequalification.”

• Extended verification requests: A few customers experienced repeated document requests after initial submissions.

“They kept asking for more paperwork even after I submitted everything.”

• Limited-term flexibility: Borrowers occasionally mention being offered shorter repayment terms than desired.

“The loan terms were shorter than I wanted — not very flexible.”

• Slow response times: Some reviewers report experiencing longer wait times for assistance during busy periods.

“Customer service was polite but slow to respond during peak hours.”

Frequently Asked Questions

Most frequent questions and answers about LendingPoint Personal Loans

LendingPoint operates as both a direct lender and a loan facilitator and servicer in partnership with FDIC-insured banks, such as FinWise Bank and Coastal Community Bank, depending on your state of residence.

LendingPoint offers personal loans ranging from $1,000 to $36,500, with repayment terms typically ranging from 24 to 72 months. Availability may vary based on state and eligibility.

Borrowers typically require a minimum credit score of approximately 600, a verifiable annual income of at least $35,000, and a valid U.S. bank account. Other factors, such as debt-to-income ratio and payment history, also influence eligibility.

Checking loan offers uses a soft credit inquiry, which does not affect your credit score. A hard credit inquiry occurs only after you accept a loan offer and proceed with final approval.

You can apply online through the LendingPoint website or mobile app. The process includes completing a short form, reviewing personalized offers, uploading supporting documents, and signing your loan agreement digitally after approval.

Yes. LendingPoint personal loans can be used for nearly any legal personal purpose, including debt consolidation, home improvements, medical expenses, travel, major purchases, or other personal needs.

An origination fee may apply, ranging from 0% to 10%, depending on your credit profile and state regulations. LendingPoint does not charge prepayment penalties, allowing you to pay off your loan early without extra costs.

Payments can be made online through the LendingPoint customer portal. Borrowers can also enable autopay to ensure timely monthly payments.

Yes. LendingPoint reports payment activity to major credit bureaus, so consistent, on-time payments can help build or improve your credit score over time.

Yes. The LendingPoint mobile app is available for both iOS and Android devices. You can use it to check loan offers, apply for financing, manage payments, and monitor your credit all in one place.

No. LendingPoint currently accepts individual applications only and does not allow co-signers or joint applications.

If your application isn’t approved, LendingPoint allows you to reapply after 30 days. In the meantime, you can review your credit report for accuracy, reduce existing debt, or improve your payment history to strengthen your next application.

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LendingPoint Personal Loan Disclosure

* Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; Midland States Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary based upon LendingPoint’s proprietary scoring and underwriting system’s review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $1,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 serviced by LendingPoint over a period of 48 months that has an APR of 26.59% with an origination fee of 10% may have a payment of $340.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) The total amount due under the loan terms provided is $16,345.12 and the disbursal amount is $10,000. In the example provided, the total financed amount is increased to receive the full requested loan amount after the origination fee is deducted. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

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SoFi Personal Loan Disclosure

Fixed rates from 8.74% APR to 35.49% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 11/12/25 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change.

Fixed Rates: Fixed rates range from 8.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees required; specifically, no origination fees required, no late fees, no prepayment penalties.

PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.

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Universal Credit Personal Loan Disclosure

Personal loans made through Universal Credit feature Annual Percentage Rates (APRs) of 11.69%-35.99%. All personal loans have a 5.25% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 36 to 60 months. For example, if you receive a $10,000 loan with a 36-month term and a 28.47% APR (which includes a 22.99% yearly interest rate and a 7% one-time origination fee), you would receive $9,300 in your account and would have a required monthly payment of $387.05. Over the life of the loan, your payments would total $13,933.62.
 
The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Universal Credit’s bank partners. Information on Universal Credit’s bank partners can be found at https://www.universal-credit.com/bank-partners/
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Upstart Personal Loan Disclosure

Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).

Although educational information is collected as part of Upstart’s rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.

If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. When the funds will be available to you will depend on your bank’s transaction processing time and policies.

The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 20.10% and a 8.53% origination fee of $853, for an APR of 24.65%. In this example, the borrower will receive $9,147 and will make 60 monthly payments of $267. APR is calculated based on 5-year rates offered in June 2025. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

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Upgrade Personal Loan Disclosure

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.74%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade’s bank partners.

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DirectLendersList is not a review site; instead, it provides a comprehensive overview of financial products and services and incorporates the Web Rating feature to assist users in making informed decisions.

Web Ratings are important to consider when deciding on financial products or services. These ratings provide insights into the customer experience and serve as a helpful metric for assessing the quality of specific lenders, loan marketplaces, banks, or credit card issuers.

At DirectLendersList, our internal team takes the initiative to prepare web ratings for various financial products and services. These ratings are compiled using multiple channels to gather data from across the web, including customer feedback, ratings from reputable customer review sites, industry reputation, and other relevant data sources. Utilizing these diverse sources of information aims to provide users with a comprehensive and well-rounded assessment of the financial product or service.

The collected data is then utilized to calculate an average web rating, typically on a scale of 1 to 5, reflecting the overall customer satisfaction and experience associated with the specific offering. It is important to emphasize that these ratings are independently prepared by the DirectLendersList internal team and have not been influenced or approved by advertisers. This ensures the ratings remain objective and unbiased, providing users with reliable information to aid their decision-making process.

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Our website is an informative comparison site committed to providing users with helpful information about various products and services that match their needs. Because of the advertising compensation we receive from brands and service providers, we can provide this service for free. Advertising income, product popularity, and our subjective experience and procedures may all impact the placement and position of brands on our site and its pages. It is important to remember that the brand overview is provided “as-is,” with no guarantees or warranties, and should not be interpreted as an endorsement. We try to keep the information up-to-date, but the terms of offers may change at any time.

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