2024, Upturn USA LLC, All Rights Reserved.
In March 2024, 62% of Upturn customers received their funds in 24 hours upon approval and signing the
promissory note.
○ ²Upturn powered loans offer rates between 7.8% - 35.99% and terms of 3 or 5 years. The full range of
available rates varies by state. A representative example of payment terms for an unsecured Personal
Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate
of 20.08% and an 8.73% origination fee of $873, for an APR of 24.68%. In this example, the borrower will
receive $9127 and will make 60 monthly payments of $266. APR is calculated based on 5-year rates offered
in March 2024. There is no downpayment and no prepayment penalty. Your APR will be determined based on
your credit, income, and certain other information provided in your loan application. Not all applicants
will be approved.
○ ³Checking your rate will not affect your credit score. If you proceed with your application, a hard
credit inquiry will be made, which could affect your credit score. Loan approval and terms are based on
your credit score, income, and other factors.
○ When you check your rate, we check your credit report. This initial (soft) inquiry will not affect
your credit score. If you accept your rate and proceed with your application, we do another (hard)
credit inquiry that will impact your credit score. If you take out a loan, repayment information may be
reported to the credit bureaus.
○ If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds
the next business day. Loans used to fund
education-related expenses are subject to a 3-business-day wait period between loan acceptance and
funding in accordance with federal law.
○ As of October 2023, and based on a comparison between the Upturn model and a hypothetical traditional
model. For more information on the methodology behind this study, please see Upturn’s Annual Access to
Credit results here.