Upstart Personal Loans are an excellent choice for Peruvians who want fast access to cash, even if they have limited or no credit history. Annual percentage rates (APR) range from 6.5% to 35.99%, and you can borrow from S/ 3,500 to S/ 260,000, repaying over 36 or 60 months.

You’ll typically know if you’re approved just minutes after applying online. If approved, funds are usually sent to your bank account as soon as the next business day, helping you cover emergencies or big expenses quickly.

How to Apply for Upstart Personal Loans

First, complete a simple online application with your personal and financial information. No documentation is needed unless requested. After a quick evaluation, review your rates and accept the terms to finalize your offer. Once the loan is approved, Upstart will transfer the amount directly to your bank account, often within 24 hours.

Pros of Upstart Personal Loans

One of the biggest advantages is acceptance of applicants with little or no credit history. Upstart assesses various factors beyond traditional credit scores, making it accessible. Additionally, loans are typically disbursed rapidly, so you can rely on it for urgent needs.

Cons of Upstart Personal Loans

Origination fees can reach up to 12% of the loan amount, which may slightly reduce your net funds. Also, late payment fees apply, so it’s important to stay current with installments. Paper copies of agreements have a small surcharge too.

Verdict: Should You Use Upstart?

Upstart stands out for its quick and accessible loans, especially if your credit history is limited. Consider it for fast, flexible funding in Perú, but check fees.