Upstart is an online lending platform that offers personal loans to borrowers with limited credit history or who may not qualify for traditional loans. Upstart uses an artificial intelligence (AI) algorithm to analyze applicants' education, work experience, and other factors to determine creditworthiness and risk.
If you're looking for a loan similar to Upstart, there are several other online lenders that use alternative underwriting models to assess borrowers' creditworthiness. Some examples include:
- Earnest: Earnest uses a variety of factors, including education and employment history, to determine creditworthiness and offer competitive rates.
- Avant: Avant offers personal loans to borrowers with less-than-perfect credit, with loan amounts ranging from $2,000 to $35,000.
- LendingClub: LendingClub is a peer-to-peer lending platform that connects borrowers with investors, offering personal loans with fixed rates and terms.
It's important to compare loan terms, interest rates, and fees from multiple lenders to find the best loan for your needs. Make sure to read the loan agreement carefully before accepting the loan to ensure you understand the terms and conditions.
