Upstart brings a convenient and accessible personal loan option for Nigerians looking to secure funds with low to moderate income. With interest rates from as little as 6.70% APR and going up to 35.99% APR, borrowers can take advantage of fair terms. The loan amounts range from as low as ₦1,000,000 up to ₦25,000,000, and loan terms are flexible, spanning 36 to 60 months. Most importantly, Upstart is open to qualified applicants even without a cosigner, making it easier to access funds for various needs.

How to Apply: Step-by-Step

• Check your credit score and eligibility before starting.
• Gather all proof of income, including salary, allowances, or business profit.
• Fill out Upstart’s online application, providing accurate details and uploading required documents.
• Await decision, which often comes within minutes.
• Review your offer, accept terms, and receive funds as soon as the same day.

Key Advantages

Upstart stands out by allowing applicants with lower income to qualify, especially if they can show multiple sources of earnings. The digital process is streamlined and quick, ideal for urgent funding needs.

The flexible repayment schedules and no need for collateral or cosigner in many cases make Upstart a favoured choice. Borrowers often report satisfaction with the straightforward application experience.

Potential Drawbacks

Interest rates can be high, particularly for applicants with weaker credit scores. Not all applicants will be eligible for the lowest rates advertised.

Additionally, upfront loan processing fees might apply, reducing the net amount you receive. Always read your contract thoroughly before signing to avoid surprises.

Our Verdict

If you are seeking a reliable personal loan with generous approval odds and flexible terms in Nigeria, Upstart is a solid pick. Their competitive rates and streamlined process make them attractive for many borrowers, especially those with diverse sources of income or moderate credit history.