Upstart Personal Loans offer one of the most accessible and efficient lending experiences, making them an attractive option for borrowers in Spain. The loan amounts range from 1.000 € up to 75.000 € with terms of 36 or 60 months. The annual percentage rate (APR) varies depending on your credit situation, between 6,7% and 35,99%. Notably, borrowers can qualify with a credit score as low as 300 or even without a credit history, opening up new financing opportunities for many individuals.

How to Apply: Step-by-Step Guide

Applying begins with filling out a short online form with your personal and financial details. Upstart usually provides a lending decision within minutes, often without requiring any hard credit inquiry at this stage. If pre-approved, you need to upload any necessary identification and documentation through their secure portal. After final approval, review and sign your loan agreement. Once completed, your funds could arrive in your account as soon as the next business day.

Top Benefits of Upstart Loans

Upstart is especially accommodating to borrowers with little or no credit history, accepting those with scores as low as 300 and sometimes even without any score at all. Another major benefit is their rapid decision-making and quick fund disbursement—most loans are funded by the next business day. No penalties for early payoff give you the flexibility to manage your debt efficiently, and you can borrow for a wide variety of purposes, from debt consolidation to personal emergencies.

Things to Consider

Borrowers should be aware that Upstart charges an origination fee, which can range from 0% up to 12% of the target amount, taken from your loan before you receive funds. Additionally, the late fees are considerable, with a minimum of the greater of 5% of the due amount or 15 €. If you prefer paper documents, requesting a mailed loan agreement comes with an extra 10 € fee.

Our Verdict

Upstart Personal Loans are highly recommended if you need fast access to funds and want an easy application, even if you have limited or no credit history. The flexibility, speed, and accessible requirements significantly outweigh the minor drawbacks of origination and late fees. It’s an especially excellent option for those who have struggled to get approved elsewhere. Always review your personal terms in detail and consider your ability to repay before accepting any loan offer.