Grace Enfield, Content Writer
@grace_enfield
Upstart’s requirements include being at least 18 years old (19 in NE and AL), having an annual income of at least $12,000, and having no bankruptcies or public records on your credit report. You will also need to have a verifiable bank account to qualify for a personal loan through Upstart.
Upstart Requirements for Borrowers
- Credit Score: None
- Income: $12,000 annual income from sources like a job, a job offer, disability or retirement income
- Age: 18+ years old (19 in NE & AL)
- Identification: Social Security number, a verifiable name and date of birth, and an email address
- Bank Account: Personal bank account from a U.S. financial institution with a routing number
- Residency: 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
Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. You can pre-qualify without hurting your credit score on Upstart’s website.
When you check your rate, Upstart will check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, Upstart will do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.
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