We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
Compare sites like Upstart
Find loans similar to this newer online peer-to-peer platform.
Your credit score isn’t the only thing that counts when you apply for an Upstart loan. This peer-to-peer lender also considers factors like your education and career path. This makes it great for borrowers with only a few years of paying off student loans under their belt and applying is quick and easy.
It offers loans from $1,000 to $50,000 at terms of 3 years to 5 years. It’s not always cheap, however. APRs range from 7.98 to 35.99% , including an origination fee as high as 8%. However, if you aren’t sure about borrowing from Upstart, you may want to consider other lenders for a personal loan.
Pros
- Good for younger borrowers with limited credit history.
- Offers a variety of loans with one simple application.
- Pay no fees for early repayment.
- Considers education in addition to credit score.
Cons
- High origination fees of up to 8% rolled into loan.
- Not the lowest starting APR in the market.
- Additional fees for things like paper copy requests and late payments.
Looking for a more established online lender?
Alternative sites like Upstart
1. Prosper
Another peer-to-peer lender, Prosper could get you up to $40,000 to consolidate your debt, start a business, improve your home and more.
Pros
- Offers loans for a variety of purposes.
- Lower starting APRs at 6.95% to 35.99% .
- Simple terms of 3 years or 5 years.
Cons
- Loans capped at $40,000.
- Requires a minimum credit score of 640.
- Higher maximum APR than Upstart.
2. LendingClub
Apply for an unsecured personal loan of up to $40,000 with LendingClub.
Pros
- No prepayment penalties.
- Fixed rates.
- Origination fee of 1% to 6%.
Cons
- Higher rates for poor credit borrowers.
- Unavailable to Iowa and West Virginia residents.
- Lower maximum loan amount.
3. SoFi
If you have a good to excellent credit score, SoFi can get you fast funding with low interest rates and no fees.
Pros
- High maximum loan amount of $100,000.
- Free credit counseling and unemployment protection.
- No fees.
Cons
- Strict eligibility requirements.
- Lower approval rate than other lenders.
4. NetCredit
NetCredit offers unsecured personal loans up $10,000 that could help you rebuild your credit, even if you have a low credit score.
Pros
- Quick turnaround time with flexible repayments.
- Fair credit is OK.
- Loans up to $10,000.
Cons
- Low maximum loan amount.
- Loans available in 14 states only.
- Stiff late fees could apply.
5. OneMain Financial
In business for over a century, OneMain Financial provides secured and unsecured loans for a variety of purposes.
Pros
- Offers both secured and unsecured loans.
- Allows joint applications.
- Borrowers with bad credit are eligible.
Cons
- Higher APRs than competing lenders.
- Origination fees vary by state.
- Low maximum loan amount.
6. Avant
With Avant, you may be able to have a personal loan deposited into your account as soon as the business day after your laon is approved.
Pros
- Quick approval and funding.
- No fee for early repayment.
- Reports to the three major credit bureaus to help build your credit.
Cons
- Maximum loan amount varies by state.
- May not be available in all states.
- Potentially high origination fees if approved.
Our top pick: Upstart Personal Loans
- Holistic approval process
- Low interest rates
- Quick application
- Fast turnaround
- Available in most states
Our top pick: Upstart Personal Loans
- Min. Credit Score Required: 620
- Min. Loan Amount: $1,000
- Max. Loan Amount: $50,000
- APR: 7.98 to 35.99%
- Requirements: Must have good to excellent credit and be at least 18 and a US citizen or permanent resident.
Ask an Expert