Is Upstart a direct lender for personal loans? This question is about Upstart

Is Upstart a direct lender for personal loans?

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This question is about Upstart

Grace Enfield, Content Writer

@grace_enfield • 12/09/21 This answer was first published on 12/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, Upstart is not a direct lender, so they do not handle the full loan process. Instead, Upstart will consider your loan application, decide if you're approved and then match you with one of their partners, which will fund the loan. You will make your monthly payments to the bank Upstart has partnered you with.

If you're interested in borrowing from a direct lender, you may want to look into Marcus by Goldman Sachs or LightStream. You can use WalletHub's free pre-qualification tool to see which lenders may approve you and what rates may be available to you.

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How can you get pre-approved for a personal loan through Upstart?

You can get pre-approved for a personal loan through Upstart without hurting your credit score on the company’s website. Upstart pre-approval allows you to see your odds of approval for a personal loan, as well as your potential rate.

How to Get Pre-Approval for a Personal Loan Through Upstart

Go to the Upstart website.
Click on CHECK YOUR RATE.
Enter the loan amount, loan purpose, your name, date of birth,...

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Is Upstart legit?

Yes, personal loans through Upstart are legit because Upstart is an accredited business registered to do business in the states it services, which is a legal requirement to be a legitimate lending platform. Another reason why personal loans through Upstart are legit is that the company has an A+ rating from the Better Business Bureau.

Why Personal Loans Through Upstart Are Legit

Upstart is registered as a business in the states it...

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How do I apply for a personal loan through Upstart?

To apply for a personal loan through Upstart, first check for pre-qualification, and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for a Personal Loan Through Upstart

Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before you officially apply for a personal loan...

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