The interest rate on loans through Upstart is determined individually based on possible factors like education, credentials, work experience, and credit history. All loans through Upstart have a fixed interest rate, meaning that the rate does not change over the life of the loan.

Your interest rate is the daily cost of the loan.  APR provides a more comprehensive view of the total cost of a loan because it includes both the interest rate as well as all other associated fees, expressed as a percentage cost per year. It provides a standardized measure that allows you to compare loan products more accurately.

By comparing the APR of different loan options, you can evaluate the overall expense of each loan, including both the interest rate and any applicable fees. This can help you make a more informed decision when choosing the right loan for your needs.