How Long Does It Take Upstart to Approve a Loan?

If you’re considering taking out a loan with Upstart, you may be wondering about the approval process. Here’s what you need to know.

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Upstart is a popular online lending platform that offers personal loans and business loans to borrowers with good credit. But how long does it take for Upstart to approve a loan?

The answer depends on a number of factors, including the type of loan you’re applying for, your credit score, and the amount of money you’re borrowing. But in general, Upstart loans are approved fast – sometimes in as little as 24 hours!

So if you need money quickly, Upstart may be a good option for you. Just be sure to compare offers from multiple lenders to find the best rate and terms for your needs.

What is Upstart?

Upstart is a lending platform that uses alternative data to approve loans for borrowers with limited credit history. Upstart considers factors such as education and employment history when assessing loan applications, which allows them to approve loans for borrowers who may not qualify for traditional financing.

So, how long does it take for Upstart to approve a loan? The answer depends on a few factors, including the borrower’s creditworthiness and the amount of the loan. However, Upstart typically approves loans within a few days of application.

How long does it take for Upstart to approve a loan?

Upstart takes several factors into account when approving a loan, including your credit score, employment history, and education. The approval process usually takes a few days, but in some cases, it can take up to a week.

How to get approved for a loan from Upstart?

The decision to approve a loan from Upstart is based on a variety of factors. Some of these factors include your credit score, employment history, and education. While some people may be approved for a loan immediately, others may have to wait a few days or longer.

Upstart Loan Requirements

To be eligible for a loan from Upstart, borrowers must:

-Be at least 18 years old
-Have a full-time job or a regular source of income
-Have a checking account in their name
-NOT have filed for bankruptcy in the past 12 months

If you meet all of the above requirements, you can complete an online application in just minutes. After you submit your application, Upstart will conduct a “soft” credit check to determine your eligibility for a loan. Soft credit checks do not impact your credit score and will not be visible to other lenders.

Once you are approved for a loan, Upstart will send the funds to your bank account via direct deposit within one business day.

Upstart Loan Application Process

The Upstart loan application process is quick and easy. The entire process can be completed in as little as 10 minutes, and you can receive your loan funds as soon as 1 business day after your application is approved.

To apply for a loan with Upstart, simply fill out our online application. You will need to provide some basic information about yourself, including your name, address, date of birth, Social Security number, and employment history. You will also need to provide some financial information, such as your annual income and desired loan amount.

Once you have submitted your application, one of our loan specialists will review it and contact you to discuss your options. If you are approved for a loan, we will work with you to determine the best repayment plan for your needs. Once everything is finalized, we will deposit the loan funds into your bank account on the next business day.


It usually takes Upstart about 2 weeks to approve a loan. However, this time frame can vary depending on the complexity of your application and the amount of documentation required. If you are able to provide all of the necessary documents upfront, your loan may be approved more quickly.

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