Upstart Personal Loans provide quick financial solutions, particularly suitable for applicants with low or no credit history. The interest rates range from 6,5% to 35,99%, and loan amounts go from BRL 5.000 up to BRL 375.000. Loan terms are available for 36 and 60 months, meaning you can choose a plan that fits your needs. With minimal documentation, applications receive a decision almost immediately, and most borrowers get the funds in their bank account the next business day after approval.

How to Apply: Step by Step

Applying for Upstart is straightforward. First, complete the online application form with personal, income, and loan purpose details. After submission, you instantly receive a preliminary lending decision based on your reported information. If approved, you’ll undergo a hard credit inquiry for final verification. You then need to accept the final offer and electronically sign the agreement. Once all steps are completed, funds are disbursed as soon as the next business day, directly to your bank account.

Main Advantages

One major advantage of Upstart is accessibility, making it ideal for applicants without a robust credit history. Additionally, there are no early payoff fees, letting you settle your debt sooner at no extra charge. The process is fast and simple, and funding is available quickly. With a broad range of available amounts, Upstart fits many borrower profiles in Brazil, from those needing modest cash to larger expenses.

Potential Drawbacks

Some applicants might find the origination fee, which varies from 0% to 12% of the loan amount, a significant extra cost. In addition, late payment fees, starting from BRL 75 or 5% of the last due amount, can add up. Paper copies of loan agreements also incur a BRL 50 fee, which can be avoided by opting for digital versions.

Our Verdict

Upstart Personal Loans present a competitive choice for quick access to money, especially if your credit profile is limited. While fees and rates should be reviewed carefully, its accessibility and speed can make a big difference. If you need funds fast and meet the requirements, this offer is certainly worth your consideration.