Upstart Personal Loans are designed for borrowers with credit scores as low as 300 or even no credit history. With annual percentage rates ranging from 6.5% to 35.99% and loan amounts from ETB 56,000 to ETB 4,140,000, this offer is accessible and flexible. The terms include options of 36 or 60 months, and there is no penalty for early payoff. Origination fees can be up to 12% of the loan amount, but the simplified approval process sets Upstart apart.

How to Apply for Upstart Personal Loans

1. Check your eligibility online with a soft credit inquiry
2. Choose your desired loan amount and term based on the pre-qualified offer
3. Upload required documents, such as proof of income and identification
4. Review and sign your loan agreement
5. Wait for a typical next-day funding after approval

Key Benefits

Upstart accepts applicants with low or limited credit, making it accessible to those often turned down by traditional lenders. The application is fast and almost entirely online, with most loans funded by the next business day. There are no penalties for paying your loan off early, allowing borrowers to save on interest costs if they pay ahead of schedule.

Possible Drawbacks

Be aware of origination fees, which can range up to 12% of your target loan amount. Late fees are also charged at 5% of the overdue amount or ETB 850, whichever is greater. Borrowers should carefully review their loan documents to understand all associated costs before signing.

Our Verdict

Upstart Personal Loans stand out for their willingness to work with borrowers with bad or no credit at all. The fast funding and lack of early payoff penalties give you flexibility to manage debt wisely. Despite the origination and late fees, the overall process is straightforward. These factors make Upstart an excellent choice for those seeking a personal loan with less-than-ideal credit or no credit history.