How long does it take to get money from a personal loan through Upstart?

It takes as little as one business day to get money from a personal loan through Upstart, according to the company. Additionally, most applicants are instantly approved, but there will be a hard credit inquiry performed for final approval. Keep in mind that this is a typical applicant's experience and in some cases it could take longer.

How to Get Money From Upstart as Fast as Possible

• Fill out the application carefully.You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from Upstart having to request additional information.
• Check your credit report for errors.Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
• Raise your credit score.There is no minimum credit score requirement to get a personal loan through Upstart. Having a high credit score will make it easier for the company to decide if you qualify and what your rates may be, though.

Once you get approved for a personal loan through Upstart, the money will be delivered through an electronic funds transfer to your bank account.

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 majority of borrowers on the Upstart marketplace are able to receive an instant decision upon submitting a completed application, without providing additional supporting documents, however final approval is conditioned upon passing the hard credit inquiry. Loan processing may be subject to longer wait times if additional documentation is required for review.