If you currently have an auto loan from Upstart, in order to be eligible for another auto 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 more than one outstanding loan through Upstart at the time of application;
- Depending on the bank partner you are matched with: Have no more than $50,000-$60,000 of outstanding principal at the time the loan originates.
If you have finished paying off an existing Upstart auto loan and made on-time monthly payments for the previous six consecutive months, you are able to apply for a second loan after your most recent payment clears (14 days from the payment date).
If you have finished paying off an existing Upstart auto loan and any of the six most recent monthly payments were not on time, or you paid off the loan before reaching six monthly payments, you must wait 60 days before reapplying.
When applying for a second auto loan, you must use a different email address.
To apply for a second auto loan, check your rate here.