Short term loans for the relief you need
$200 to $2,500 over 3-18 months*
No hidden fees—see the cost before you apply
Get a decision today, funds tomorrow
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Won't affect your credit score
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A loan you can count on when times are tough
See the cost upfront
The cost is always the same for each amount and monthly term up to 36% APR. Make a choice that fits your budget.
No late fees or prepayment penalty
Use debt wisely—we do report your payments to credit bureaus.
Minimum payment flexibility when you need it most
Get more time and lower payments, once you’ve built some payment history.
What is minimum payment flexibility?
Won't affect your credit score
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You need $1,000. How much will that cost you?
Upstart Relief Loan
Alternative payday loan
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Traditional payday loan
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The cost is simple and clear for a relief loan through Upstart. No late fees. No interest. No prepayment penalty. The only thing you will pay is the APR up to 36% which is the yearly cost of your loan expressed as the finance charge.
Won't affect your credit score
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APR
APR
APR
APR
Up to 36%
200%
400%+
Cost per week
Cost per week
Cost per week
Cost per week
$4
$42
$125
Full loan cost
Full loan cost
Full loan cost
$205 over 12 months
$2,000 over 12 months
$250 due in 2 weeks
Full loan cost
Late fees
Late fees
Late fees
See what you’d pay for short term help
Fixed cost for each amount and monthly term up to 36% APR. Example amounts and terms:
$500 $1,000 $1,500 $2,000 $2,500
Cost $500 loan $30 3mo $103 12mo $154 18mo
Cost $1,000 loan $61 3mo $205 12mo $308 18mo
Cost $1,500 loan $91 3mo $308 12mo $462 18mo
Cost $2,000 loan $121 3mo $411 12mo $617 18mo
Cost $2,500 loan $151 3mo $513 12mo $771 18mo
Let us answer your questions
What is a finance charge?
APR represents the yearly cost of a loan, including both interest and any fees for providing loans. Since Upstart Relief Loans have no interest, the 36% APR only includes the fixed finance charge you pay on top of the amount you borrow—which is spread over your monthly payments.
Is there a fee for paying off the loan early?
There is no fee for paying off the loan early. You may pay off part or all of the loan at any time with no fee.
If you do pay off your loan early, you could get a partial refund of your finance charge.
What if I need more time to pay?
Once you’ve built some payment history, you’ll unlock the option to reduce your minimum monthly payments if you experience unexpected financial difficulties. A one-time fee may apply if you extend your loan term.
Note that Upstart reports term extensions to the credit bureaus as loan modifications, which may affect your credit score.
What happens if I can't make a payment on time?
Upstart reports the status of your account to the credit bureaus as of every due date. If you are more than 30 days late on any payment, any delinquencies or defaults will be reported accordingly.
Can I be charged any other fees?
Yes, you may be charged the following fees:
Paper Copies Fee
Fee of $10 if you withdraw eSign consent and request paper copies of your records.
Term extension fee
If you choose to extend your repayment term later, you may pay a one-time, non-refundable fee. Your APR will never exceed 36%.
When does repayment begin?
Your first payment will be about 20-40 days from your loan origination date. Your specific repayment date will be listed on your promissory note.
See if you qualify in less than 5 minutes
Won't affect your credit score
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* This type of loan within the Upstart platform is a short term loan with no interest and an origination fee that makes up the APR calculation. Representative example of payment terms for this type of loan is as follows: a borrower receives a loan of $1,000 for a term of 12 months, and an origination fee of $205, for an APR of 35.95%. In this example, the borrower will receive $1000 and will make 12 monthly payments of $100.44
If you accept your loan by 5pm EST (not including weekends or holidays), your funds will be sent on the next business day. When the funds will be available to you will depend on your bank’s transaction processing time and policies.
When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.
Minimum annual income required to be eligible to apply is $12,000.
Upstart looked across several online lenders and determined these APR ranges.
State laws and regulations determine the maximum dollar amount and Annual Percentage Rate (APR) for payday loans, which may have an APR up to 400% or higher. Payday loans may or may not be offered in your state.
Minimum payment flexibility
Make consistent payments to unlock the option to reduce your minimum monthly payments with an extended loan term.
Get more time to pay
You can get up to 5 extra months to repay, so you pay less each month.
Pay a one-time extension fee
Time is money, and an extension comes with a fee. Your APR will never exceed 36%.
Don’t need more time? There’s no fee to prepay
If you pay off your loan early, you could get a partial refund of your finance charge.