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, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.
People also ask
Does Upstart verify income for personal loan applications?
Yes, Upstart will verify your income when you apply for a personal loan. You will need to have a minimum annual income of $12,000 to ensure that you can make the monthly payments, and if you don't meet the minimum income requirement, you likely won't get approved.
Requirements for a Personal Loan Through Upstart
- Have at least a $12,000 annual income from sources like a job, a job offer, disability or retirement...
How can you get NetCredit personal loan pre-approval?
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,...
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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