Yes. Upstart is a legitimate company and their personal loan services are one of the most sought out in the United States. The company is accredited business registered, and they have an A+ rating with the BBB (Better Business Bureau). They have been active since 2012 and accredited since 2015.

To qualify for an Upstart Personal Loan, you need to be a U.S. citizen of at least 18 years of age with a valid ID and SSN. You need full employment with an annual income of $12,000 or more, a valid bank account and mailing address to your name and have no bankruptcies on your credit report.

By getting a personal loan with Upstart, you may have to pay an origination fee that can be up to 10% of the amount of the principal. If you’re late on payments, Upstart will charge a 5% fee on the owed amount or $15, whichever is greater. There are no prepayment penalties if you choose to settle your loan before its end date.