Upstart
Pricing Details
Pricing model is based on fees and interest rates on originated loans. Borrowers may incur origination fees and interest rates depending on the risk assessment.Features
AI-powered credit assessment, personal loans, online application, fast approval process, alternative data analysis.Integrations
Integration with banking systems and data sources for credit assessment.Preview
Upstart is an online lending platform that uses artificial intelligence to assess borrower creditworthiness. Unlike traditional credit scoring models (e.g., FICO), Upstart analyzes more data, including education, area of employment, and job history, to get a more complete picture of a borrower's financial situation. This allows the platform to approve loans for more borrowers and offer better terms to those with limited credit history but high potential. Upstart offers personal loans and is available via a web interface.