To repay an Upstart loan, you can make payments online through your bank account by logging into your online dashboard and clicking the "Make a Payment" button, or through the mobile app by accessing your dashboard and selecting "Make a Payment." Payments can also be made through a different bank’s online banking by setting up Upstart as a payee, entering your loan information, scheduling the payment, and confirming the details. Additionally, payments can be made via ATM by selecting the bill payment option and entering your loan details. If a payment is late, Upstart will remind you, and you have a 10-day grace period before a late fee of 5% of the unpaid amount or $15 (whichever is greater) is charged.
Make payments online through the bank account
Log in to Your Online Dashboard. Visit the Upstart website and log in to your account using your credentials. This will take you to your personal dashboard, where you can manage all aspects of your loan.
Navigate to the Payment Section. Once you are logged in, find and click on the "Make a Payment" button. This button is typically located in a prominent place on your dashboard for easy access.
Select the Payment Amount. Decide the amount you wish to pay. You have the flexibility to make one-time payments, which can be the minimum due amount or any amount higher if you wish to pay off your loan faster.
Choose the Payment Method. Opt to pay through your bank account. Ensure that your bank account details are correctly entered and verified. This usually includes your bank’s routing number and your account number.
Confirm the Payment Details. Review the payment details to ensure everything is correct. Double-check the payment amount, bank account details, and the payment date.
Make payments through the app
Download and Open the Upstart Mobile App. Ensure you have the Upstart mobile app installed on your smartphone. Open the app and log in using your credentials.
Access Your Dashboard. Once logged in, you will be directed to your dashboard. This is where you can view and manage all details related to your loan.
Find the Payment Option. Look for the “Make a Payment” button on your dashboard. This option is designed to be easily accessible to facilitate quick payments.
Enter Payment Details. Select the payment amount you wish to make. You can choose to pay the minimum due amount or any other amount to pay off your loan faster.
Select Payment Method. Choose to make the payment through your linked bank account. Make sure your bank account details are correctly entered and saved in the app.
Confirm and Submit Payment. Review all the payment details, including the amount and the bank account information. Once everything is confirmed, click on the “Submit” or “Confirm” button to complete the payment.
Make payments through a different bank
Log in to Your Bank’s Online Banking Portal. Access your bank’s online banking website or mobile app and log in using your credentials.
Set Up Upstart as a Payee. Navigate to the bill payment section of your bank’s online banking portal. Add Upstart as a new payee. You will need to enter Upstart’s payment details, which can be found in your loan agreement or on the Upstart website.
Enter Your Loan Information. When adding Upstart as a payee, you will need to provide your Upstart loan account number. This ensures that your payment is correctly applied to your loan balance.
Schedule the Payment. Choose the amount you want to pay and select the payment date. You can opt for a one-time payment or set up recurring payments to ensure your loan is paid on time every month.
Confirm and Submit the Payment. Review all the payment details, including the payee information, loan account number, and payment amount. Once everything is correct, submit the payment. Your bank will process the payment and send it to Upstart.
Via ATM
Visit an ATM. Go to an ATM that supports loan payments or bill payments.
Insert Your Debit Card and Enter PIN. Insert your debit card and enter your PIN to access your account.
Select Bill Payment or Loan Payment Option. Navigate through the menu to find the bill payment or loan payment option.
Enter Upstart Loan Details. Input your Upstart loan account number and the payment amount. Ensure the details are correct.
Confirm and Submit Payment. Review the details and confirm the payment. Keep the receipt as proof of payment.
If your minimum monthly payment is not received by the due date, Upstart will contact you with a reminder. According to your promissory note, you have a 10-day grace period before any fees are assessed. If a payment is made after the grace period, a late fee of 5% of the unpaid amount or $15 (whichever is greater) may be charged.
Can I schedule two automatic payments per month?
Yes, it is possible to schedule two automatic recurring payments per month if you meet specific eligibility requirements. Additionally, you can always schedule one automatic recurring payment per month and make as many manual payments as you like without any eligibility requirements.
Can I pay off my loan early?
Yes, you can pay off your loan early. You may prepay your loan in full or make partial prepayments at any time without any penalties.
