How Upwise Capital Loan Requests Work

The request process has five steps, and you can stop at any point before you sign a lender's loan agreement without owing us anything.

1. Tell us what you need. Choose an amount between $500 and $5,000 and the main reason for the loan, such as a car repair, a move or a medical bill.
2. Share basic details. Enter your contact information, address, income, employment and the identity details lenders need to check your credit. Answer accurately, because lenders verify what you enter.
3. Get matched. We send your request to lenders and lending partners whose criteria may fit your amount, state and credit profile.
4. Review any offers. A lender that can help shows its APR, fees, monthly payment and term on its own page. Compare offers side by side, or walk away at no cost.
5. Finish with the lender. If you accept, the lender verifies your information, may run a hard credit inquiry, and sends a loan agreement to sign. Funds are usually sent by direct deposit after signing.

Ready to start? The loan request form walks you through the same five steps.

Each lender that receives your request makes its own decision: it checks your information against its criteria, decides whether to offer a loan, and sets the APR, fees, term and funding time.

• Verification: lenders may confirm your identity, income and bank account, and some ask for pay stubs, bank statements or a photo ID before funding.
• Pricing: APRs across lenders typically run about 5.99% to 35.99% (an estimate). Some state-licensed installment lenders charge more. Some lenders also deduct an origination fee from the loan amount. See how lenders set personal loan rates.
• Criteria: lenders look at credit history, income, existing debt and state rules. The eligibility requirements page lists what lenders commonly check.
• State availability: not every lender, amount or term is offered in every state, so the lenders that see your request depend partly on where you live.

Most people finish the request form in about five minutes and some lenders can respond within minutes, but funding time is set by the lender and often takes one to three business days after signing.

These are estimates. Several things can push the timeline out:

• A lender asks for extra documents, such as recent pay stubs or bank statements.
• You sign late in the day, on a weekend or on a federal holiday, when banks are not processing transfers.
• Your bank holds incoming deposits before releasing them.
• Details you entered do not match the lender's records, which triggers a manual review.

For a closer look at each delay and how to avoid it, read how long personal loan funding takes.

We never ask you for an upfront fee, a gift card, a wire transfer, your online banking password or your card PIN, and we never charge you anything to send a request or see offers.

• No legitimate lender in our network will ask you to pay before a loan is funded in order to "unlock" or "secure" it.
• We will not call or text asking you to read back a one-time security code from your bank.
• If someone contacts you claiming to represent us and asks for money or passwords, hang up, do not pay, and report it to us and to the Federal Trade Commission.

Unsure whether a message really came from us? Check it with our team through the contact page before you reply.