Grace Enfield, Content Writer
@grace_enfield
No, Upstart does not approve everyone. To qualify for a personal loan through Upstart, you need to be at least 18 years old (19 in NE and AL), have no bankruptcies or public records on your credit report, and have an annual income of at least $12,000, among other requirements. Even if you meet all the requirements, you still may not get approved.
Requirements for a Personal Loan Through Upstart
- Age Requirement: 18+ (19 in NE and AL)
- Credit Score Requirement: None
- Income Requirement: At least $12,000 annual income
- Bank Account Requirement: Personal bank account from a U.S. financial institution with a routing number
- Identification Requirement: SSN, verifiable name and date of birth, and valid email address
- Residency Requirement: Reside in one of the 50 U.S. states
- Credit Report: No bankruptcies or public records on your credit report
- Delinquency: No accounts currently in collections or delinquent
For more information, check out the full Upstart review on WalletHub.
People also ask
Is Upstart legit?
Yes, Upstart is legit because it has an A+ rating from the Better Business Bureau and it has been BBB-accredited since 2015. Upstart personal loans received a rating of 3.5/5 from WalletHub's editors because they offer fairly high amounts for borrowers with credit scores as low as 300.
Why Personal Loans Through Upstart Are Legit
- Upstart is registered as a business in the states it services.
- Upstart has a Better Business...
What credit score do you need for an Upstart personal loan?
You need a minimum credit score of 300 to get a loan through Upstart, according to the company. Even though you can get approved for a loan through Upstart with bad credit, you’ll have better approval odds and get a lower interest rate if you have good credit or better.
Upstart Credit Score Requirement & Loan Terms
| Category | Requirements and Terms |
| ... | 300 |
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