Upstart is a great option for those looking for a loan, but it’s not the only one. There are many other lenders out there that offer loans like Upstart, with similar rates and terms. In this post, we’ll take a look at some of the best loans like Upstart and how to get them.
What is Upstart?
Upstart is a lending platform that uses machine learning and artificial intelligence to determine your creditworthiness. They use a variety of factors, including your education, employment history, and credit score, to determine whether or not to approve your loan application. If you’re approved, you’ll receive a loan with competitive rates and flexible repayment options.
However, not everyone is eligible for an Upstart loan. If you don’t meet their strict eligibility requirements, you’ll have to look for loans like Upstart elsewhere.
Loans Like Upstart: Where to Look
Here are some of the best options for loans like Upstart:
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LendingClub
LendingClub is a peer-to-peer lending platform that allows you to borrow money from individual investors. They offer loans up to $40,000 with rates as low as 6.95% APR. LendingClub’s eligibility requirements are more lenient than Upstart’s, so it’s a great option if you don’t meet Upstart’s criteria.
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SoFi is another great option for loans like Upstart. They offer loans up to $100,000 with rates as low as 5.99% APR. SoFi’s eligibility requirements are also more lenient than Upstart’s, so it’s a good option if you have a lower credit score or less work experience.
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Prosper
Prosper is a peer-to-peer lending platform that offers loans up to $40,000 with rates as low as 6.95% APR. Like LendingClub, Prosper allows you to borrow money from individual investors. Prosper’s eligibility requirements are similar to Upstart’s, but they may be more lenient in some cases.
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Avant
Avant is a lender that offers personal loans like upstart up to $35,000 with rates as low as 9.95% APR. They’re a good option if you have a lower credit score or less work experience, as their eligibility requirements are more lenient than Upstart’s.
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Earnest
Earnest is a lender that offers personal loans up to $75,000 with rates as low as 5.99% APR. They use a variety of factors, including your education and employment history, to determine your creditworthiness. Earnest’s eligibility requirements are similar to Upstart’s, so it’s a good option if you’re looking for a loan with competitive rates and flexible repayment options.
How to Get a Loan Like Upstart
Getting a loan like Upstart is similar to getting any other loan. Here are the steps you’ll need to follow:
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Check Your Credit Score
Before you apply for a loan, you should check your credit score. You can get a free credit report from each of the three major credit bureaus (Experian, TransUnion, and Equifax) once a year. If your credit score is low, you may need to work on improving it before you apply for a loan.
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Compare Lenders
Once you know your credit score, you can start comparing loans like upstart online. Look for lenders that offer loans with competitive rates and flexible repayment options. Consider the eligibility requirements for each.