Loans like Upstart

Best Egg is an online lender that requires a minimum credit score of 640 to qualify. Its interest rates are lower than Upstart's, and its origination fees range from 0.99% and 9.99%. And it might be more difficult to qualify with Best Egg if you're still building your credit profile.

Because Best Egg relies on more traditional underwriting criteria than Upstart, borrowers with at least three years of credit history may have an easier time qualifying with this lender. And as with many personal loan providers, it may be difficult to qualify if you're self-employed.

• Not available in: Iowa, Vermont, West Virginia

• Why we like it

  Best Egg is an online lender that requires a minimum credit score of 640 to qualify. Its interest rates are lower than Upstart's, and its origination fees range from 0.99% and 9.99%. And it might be more difficult to qualify with Best Egg if you're still building your credit profile.

  Because Best Egg relies on more traditional underwriting criteria than Upstart, borrowers with at least three years of credit history may have an easier time qualifying with this lender. And as with many personal loan providers, it may be difficult to qualify if you're self-employed.

• Pros and cons

  Pros

  • Stellar customer reviews from Trustpilot and the BBB
  • Multiple repayment methods, including Western Union Quick Collect
  • Ranked #1 loan company in 2021

  Cons

  • High origination and late payment fees
  • Harder to qualify if you're self-employed
  • Not available in all states

• More details

  Loan amount	$2,000 to $50,000
  APR	7.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	640
  Turnaround Time	As soon as the next business day
  Loan Term	3 to 5 years

• Partner terms and conditions

  *Trustpilot TrustScore as of December 2022. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc.
  
  The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; Ohio, $5,001; and Georgia, $3,001.
  
  For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 8.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL–Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

On top of offering low-cost personal loans, SoFi offers over 14 perks once you become a borrower, such as rate discounts on future SoFi loans. The company aims to help its customers — called members — reach financial freedom. Amounts range from $5,000 to $100,000, with terms from 24 to 84 months. However, Upstart accepts borrowers of nearly all credit types — SoFi requires good to excellent credit to qualify.

• Available in all states

• Why we like it

  On top of offering low-cost personal loans, SoFi offers over 14 perks once you become a borrower, such as rate discounts on future SoFi loans. The company aims to help its customers — called members — reach financial freedom. Amounts range from $5,000 to $100,000, with terms from 24 to 84 months. However, Upstart accepts borrowers of nearly all credit types — SoFi requires good to excellent credit to qualify.

• Pros and cons

  Pros

  • Competitive rates
  • Flexible loan terms
  • Multiple perks as SoFi borrower
  • No origination fees

  Cons

  • Need good credit, 680+
  • High minimum loan amount
  • Turnaround time up to 30 days

• More details

  Loan amount	$5,000 to $100,000
  APR	9.49% to 29.99% fixed APR
  Interest Rate Type	Fixed
  Min. credit score	680
  Turnaround Time	Up to 2 business days
  Loan Term	2 to 7 years

• Partner terms and conditions

  Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 3/06/23 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
  Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

Upgrade and Upstart offer the same loan amounts and have similar credit score requirements, interest rates and fees — and both charge high origination fees. But unlike Upstart, Upgrade offers the option to defer two repayments, change your due date or make a partial payment if you're facing financial hardship. This gives you a little more leeway if you're taking out a loan during a period of economic uncertainty.

• Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

• Why we like it

  Upgrade and Upstart offer the same loan amounts and have similar credit score requirements, interest rates and fees — and both charge high origination fees. But unlike Upstart, Upgrade offers the option to defer two repayments, change your due date or make a partial payment if you're facing financial hardship. This gives you a little more leeway if you're taking out a loan during a period of economic uncertainty.

• Pros and cons

  Pros

  • Similar eligibility as Upstart
  • Lower starting APR than Upstart
  • Hardship program to help with payments

  Cons

  • Origination fee as high as 9.99%
  • High starting APR compared to other lenders
  • Requires at least $1000 in free monthly cash flow

• More details

  Loan amount	$1,000 to $50,000
  APR	7.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	580
  Turnaround Time	1 to 4 business days
  Loan Term	2 to 7 years

• Partner terms and conditions

  Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

Like Upstart, Avant is more lenient than most lenders for self-employed borrowers. There's no minimum credit score to apply, and it looks at a range of factors when deciding, including your income and repayment history.

But its rates start higher than Upstart, and it offers a more limited range of loans: from $2,000 to $35,000 with rates starting from 9.95%. Avant charges an administrative fee of up to 4.75% on its loans, but this is lower than Upstart's maximum fee of 8%.

• Not available in: Iowa, Kentucky, Massachusetts, Michigan, Montana, Virginia, West Virginia

• Why we like it

  Like Upstart, Avant is more lenient than most lenders for self-employed borrowers. There's no minimum credit score to apply, and it looks at a range of factors when deciding, including your income and repayment history.

  But its rates start higher than Upstart, and it offers a more limited range of loans: from $2,000 to $35,000 with rates starting from 9.95%. Avant charges an administrative fee of up to 4.75% on its loans, but this is lower than Upstart's maximum fee of 8%.

• Pros and cons

  Pros

  • No minimum credit score required
  • Self-employed income accepted
  • Preapproval won't impact your credit score

  Cons

  • Recently settled a lawsuit with the FTC
  • Low maximum loan amount of $35,000
  • Not available in all states

• More details

  Loan amount	$2,000 to $35,000
  APR	9.95% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	550
  Turnaround Time	As soon as the next business day
  Loan Term	24 to 60 months

• Partner terms and conditions

  Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.

LightStream is slightly faster than Upstart. Where Upstart offers next-day financing, LightStream can fund your loan the same you apply — if you sign the closing documents by 2:30 p.m. ET. It also offers some of the lowest rates out there, starting at just 6.94%. And unlike Upstart, there are no fees.

But save this lender for after you've established a strong credit history. It has higher credit standards than most online lenders, and it's one of the few that doesn't allow you to prequalify without dinging your credit score. It also doesn't offer loans under $5,000.

• Not available in: Iowa, West Virginia

• Why we like it

  LightStream is slightly faster than Upstart. Where Upstart offers next-day financing, LightStream can fund your loan the same you apply — if you sign the closing documents by 2:30 p.m. ET. It also offers some of the lowest rates out there, starting at just 6.94%. And unlike Upstart, there are no fees.

  But save this lender for after you've established a strong credit history. It has higher credit standards than most online lenders, and it's one of the few that doesn't allow you to prequalify without dinging your credit score. It also doesn't offer loans under $5,000.

• Pros and cons

  Pros

  • Same-day funding
  • Lower APR than Upstart
  • No fees

  Cons

  • Difficult to qualify
  • No prequalification
  • No loans under $5,000

• More details

  Loan amount	$5,000 to $100,000
  APR	6.94% to 25.79%
  Interest Rate Type	Fixed
  Min. credit score	Good to excellent credit
  Turnaround Time	As soon as same day
  Loan Term	24 to 240 months

• Partner terms and conditions

  Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 27% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 10/01/2024 to 12/31/2024. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
  
  Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11.
  
  Maximum APR for a LightStream loan is 25.79%. Loan terms range from 24 - 240 months depending on the loan type.

Achieve offers personal loans from $5,000 to $50,000. A discount is also available if Achieve pays your creditors directly for debt consolidation, and other discounts are also up for grabs. Upstart may accept borrowers of all credit types, but Achieve also works with bad to fair credit borrowers, accepting credit scores as low as 620. Its rates range from 8.99% to 29.99%, coming with a lower max rate than Upstart. There is an origination fee of 1.99% to 6.99%, but it's still lower than Upstart's max origination fee of 12%. Additionally, Achieve allows for coappliants — unlike Upstart.

• Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington

• Why we like it

  Achieve offers personal loans from $5,000 to $50,000. A discount is also available if Achieve pays your creditors directly for debt consolidation, and other discounts are also up for grabs. Upstart may accept borrowers of all credit types, but Achieve also works with bad to fair credit borrowers, accepting credit scores as low as 620. Its rates range from 8.99% to 29.99%, coming with a lower max rate than Upstart. There is an origination fee of 1.99% to 6.99%, but it's still lower than Upstart's max origination fee of 12%. Additionally, Achieve allows for coappliants — unlike Upstart.

• Pros and cons

  Pros

  • Multiple discounts available
  • Pays creditors directly
  • Bad and fair credit OK
  • No prepayment penalties
  • Coappliants accepted

  Cons

  • Origination fee
  • Only serves 39 states
  • High minimum amount of $5,000

• More details

  Loan amount	$5,000 to $50,000
  APR	8.99% to 29.99%
  Interest Rate Type	Fixed
  Min. credit score	620
  Turnaround Time	As soon as same business day
  Loan Term	24 to 60 months

Prosper offers investor-funded loans and is one of the pioneers of peer-to-peer lending. Like Upstart, it's designed as an alternative to banks and offers a simple online application. But its credit requirements and interest rates are higher — even if it charges a lower origination fee.

It can also take up to five business days to get loan approval, which is longer than Upstart's maximum of three business days. It also gets less favorable customer reviews on sites like Trustpilot, possibly due to the longer funding times required.

• Not available in: Iowa, North Dakota, West Virginia

• Why we like it

  Prosper offers investor-funded loans and is one of the pioneers of peer-to-peer lending. Like Upstart, it's designed as an alternative to banks and offers a simple online application. But its credit requirements and interest rates are higher — even if it charges a lower origination fee.

  It can also take up to five business days to get loan approval, which is longer than Upstart's maximum of three business days. It also gets less favorable customer reviews on sites like Trustpilot, possibly due to the longer funding times required.

• Pros and cons

  Pros

  • Fair credit is ok
  • Medical loans available
  • Accepts 50% debt-to-income ratio

  Cons

  • Origination fee of 1% to 9.99%
  • High maximum APR of 35.99%
  • Approval may take up to five business days

• More details

  Loan amount	$2,000 to $50,000
  APR	8.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	600
  Turnaround Time	As soon as 1 business day
  Loan Term	2 to 5 years

Credible offers a unique service by allowing borrowers to compare prequalified rates from multiple personal loan lenders with one simple application. This makes it easier to find a loan with lower rates or better terms without impacting your credit score. Unlike Upstart, Credible does not lend directly but partners with various lenders, offering more flexibility and choice for borrowers. This makes it an excellent option for those who want to shop around without the hassle of multiple applications.

• Available in all states

• Why we like it

  Credible offers a unique service by allowing borrowers to compare prequalified rates from multiple personal loan lenders with one simple application. This makes it easier to find a loan with lower rates or better terms without impacting your credit score. Unlike Upstart, Credible does not lend directly but partners with various lenders, offering more flexibility and choice for borrowers. This makes it an excellent option for those who want to shop around without the hassle of multiple applications.

• Pros and cons

  Pros

  • Compare multiple loan offers with one application
  • No impact on your credit score to prequalify
  • Access to competitive rates and terms from various lenders

  Cons

  • Not a direct lender
  • Some lenders might have stricter requirements
  • Some complaints around customer service

• More details

  Loan amount	$1,000 to $200,000
  APR	6.94% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	Fair to excellent credit
  Turnaround Time	As soon as 1 business day
  Loan Term	Varies by lender

• Partner terms and conditions

  Rates for personal loans provided by lenders on the Credible platform range between 6.94% - 35.99% APR with terms from 12 to 120 months. Credible also works with network Partners like MoneyLion, AmONE, Alternative Providers, and non-lender providers who offer loan and other products with different rates and terms than described here. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 10.43%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32, assuming your lender deducts the origination fee from the offered loan amount. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties