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Lots of Americans need access to affordable credit. We need it to consolidate debt, pay off credit cards, pay medical bills and more.
So why is it so hard to get a decent interest rate on a loan?
Because so much of the approval decision is based on a credit score, which really only tells part of the story.
That’s why online lending platform Upstart uses artificial intelligence to approve more people for loans — with up to 10% lower interest rates compared to traditional models*
Upstart makes it possible for people to get loans between $1,000 to $50,000 in as fast as one business day. And it only takes five minutes to check your rate.
Machine Learning Improves Credit Access
Whether you have bad credit or no credit (yes, none!) you may be eligible for a loan through Upstart.
Some banks and lenders require at least a good credit score to give people a loan, but there are so many factors that can give someone a bad score, which has nothing to do with that person’s risk.
Upstart’s proprietary machine learning technology automatically takes into account a number of different factors that determine your creditworthiness. Their model makes it possible for more people to get access to credit when they need it — in fact, their model offers 26% more approvals than traditional models *
And they do it for 10% lower interest rates compared to traditional models*. So not only are personal loans available to more people, they’re more affordable for them, too. Interest rates for Upstart’s loans are between 5.22%% and 35.99% , with terms of three or five years1.
Check Your Rate in Minutes
Billion of dollars of loans have been originated through Upstart2helping 1.8 million3 customers get a smarter personal loan.
Checking your rate for a personal loan from Upstart takes less than five minutes. It’s totally free to check your rate, plus checking your rate won’t affect your credit score.
If you need a loan to consolidate your debt, pay bills, pay…
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