It takes as little as one business day to get money from a personal loan through Upstart, according to the company. Additionally, most applicants are instantly approved, but there will be a hard credit inquiry performed for final approval. Keep in mind that this is a typical applicant's experience and in some cases it could take longer.
How to Get Money From Upstart as Fast as Possible
- Fill out the application carefully.You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from Upstart having to request additional information.
- Check your credit report for errors.Before you apply, you should verify that everything onyour credit reportis accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you shoulddisputethem right away to get them removed.
- Raise your credit score.There is no minimum credit score requirement to get a personal loan through Upstart. Having a high credit score will make it easier for the company to decide if you qualify and what your rates may be, though.
Once you get approved for a personal loan through Upstart, the money will be delivered through an electronic funds transfer to your bank account.
If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.
The majority of borrowers on the Upstart platform are able to complete the application process automatically without providing additional supporting documents. Final approval is conditioned upon passing the hard credit inquiry.
This answer was first published on 09/10/24. 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.
