If you have already received a loan on Upstart, in order to be eligible for another loan, you must:
Have made on-time monthly payments for the six previous consecutive months. On-time payments means that a payment was received during the 15 day grace period
Have no currently past due payment
Have no more than 1 outstanding loan through Upstart at the time of application
Have no more than the maximum amount of outstanding principal that each banking partner allows, at the time the loan originates
If you have finished paying off an existing Upstart loan and made on-time monthly payments for the 6 previous consecutive months, you are able to apply for a second loan after your most recent payment is cleared (14 days from the payment date).
If you have finished paying off an existing Upstart loan and any of the 6 most recent monthly payments were not on time or you paid off the loan before reaching 6 monthly payments, there is a 60 day cooling off period before reapplying.
If any payment is still processing on your existing loan, Upstart is unable to approve a new loan application. The pending payment counts as your sixth most recent payment and must process successfully before the new loan application can be approved, if all other requirements have been met.
To create a second application we require you to use a different email address than what you may have previously used on another application. To apply for a second loan, check your rate here!