Upgrade do🌳es not specify a minimum required income to qualify, but it does note a debt-toꦐ-income ratio of 75%, which puts its loans in reach of many borrowers. Its minimum credit score requirements are also accessible to many borrowers.

While its rates on the low end are 𓂃reasonably competitive, borrowers with lower credit scores or low🎃er annual incomes should expect to pay rates closer to the upper end of the advertised range. The same is true for the range of origination fees.

Upgrade was founded in 2017 and is headquartered in San Francisco, California. Since 💯its founding, it has provided more than $35 billion in loans and credit.

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Unive🔯rsal Credit is a subsidiary of Upgrade and shares many of its parent company’s borrower requirements, including no fixed minimum income requirement and a low minimum credit score. The🎃 similarities stop there as Universal Credit features higher advertised APRs, higher origination fees, and less flexible repayment terms.

If you’re considering a lo🀅an from Universal Credit, pre-qualify first and compare terms (with Upgrade, or another lender on your 💮list). Shopping around is an easy way to be sure you’re getting the best possible rates and terms. 

Universa🍎l Credit is an online lending platform based in San Francisco, California, and has been offering personal loans since 2020.

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Best Egg has no fixed minimum income requirement like other lenders on our list. Loan funding is fast, with your loan arriving as soon as one day after approval. Loan amounts are broad too, between $2,000 and $50,000. Advertised interest rates begin on the low end. The high maximum rate (35.99%) matches that of many lenders. (That rate is the maximum lenders can charge members of the military, and many lenders use it as their cap.)

On the downside, Best Egg’s origination fee starts at 0.99% and goes up to 9.99%. The lender only offers two repayment periods: 36 and 60 months. However, you can repay your loan sooner as there are no prepaꩵyment fees. 

Our researchers were impressed by the depth and range of educational resources on the website,🤡 giving it a 4 (out of 5) in that category. Best Egg also gives borrowers access to a free credit report and score. The free resource includes budgeting tools, an expense tracker, and more.

Best Egg is𒊎🌊 headquartered in Wilmington, Delaware, and has originated more than $21 billion in funding.

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Upstart is a lending platform that works with many different lenders and invest🅘ors, with many different underwriting requirements. The fintech says its AI-powered loan approval process can make more loans available to a broader range of borrowers at a lower cost and with less risk to lenders. 

Upstart’s low minimum credit score requirement of 300 puts loans in reach of people with little or no credit history. It offers loan pre-qualification so that you can check your loan offer against o🔜ffers from other lenders.

Upstart has made available nearly $40 billion in credit of various types through its platform, including personal loans, since it was founded in 2012. The fintech lender is headquartered in San Mateo, California.

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Achieve’s minimum annual income requirement is based on the loan-to-income ratio, which is the relationship between the amount you borrow and the amount you earn. A loan with Achieve can’t exceed an LT🐈I of 40%. Other factors affect the decision to approve💮 a loan, primarily your credit score. Funding can arrive as soon as one day after loan approval. If your income falls short, Achieve allows borrowers to apply with a co-applicant (and you’ll get a rate discount, too).

In terms of costs, Achieve’s advertised APRs are competitive, with th♛e upper end of the range six percentage points better than many of its competitors (29.99% versus 35.99%). It charges origination fees, which are steep on the upper end (9.99%).

The lender provid🍒es loan pre-qualification so you can compare Achieve’s offer against pre-qualification offers from its competitors. Its website provides educational resources and calculators. There’s also a smartphone app that tracks your income and expenses, designed to help users h💛ave “money left over” every month and help pay down debt or grow savings.

Achieve is headquartered in Tempe, Arizona, and w🌄as founded i▨n 2003.

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