Checking your rate with LoanShield will not affect your credit score. When you check your rate, we make a "soft credit inquiry." Soft credit inquiries on your report do not lower your credit score, but you may see when you view your report that this inquiry was made. So go ahead, check it out and see what you can be saving.

If you do proceed with your application after receiving a rate, your credit score may be impacted. If you are offered a loan and proceed with the application, a "hard credit inquiry" will be completed to verify the accuracy of your application. This action will be recorded as an inquiry on your report and it may impact your credit score.

You have a simple Interest loan. This means interest is accrued daily from the day the loan is signed until the day it’s paid off or the loan is matured, whichever is earlier. Interest accrual is based on your principal, interest rate and the number of days in the year. We collect the interest accrued from payment to payment. Please keep in mind that principal payments do not move your due date forward or stop the interest from accruing daily. They will help you pay down your loan balance which, in turn, helps reduce the amount of interest you pay.

Yes. Your purchase loan approval and interest rate are locked in for 30 calendar days from the date of your original loan submission, which means you know before you shop exactly how much car you can afford.

You may be asked to provide documents that verify your identity, education, and income. We may also ask for a copy of your registration card or proof of insurance.

If your car has a co-owner, the co-owner will need to sign and return a consent form within five days of application approval. And if we learn of any open claims or second liens on your vehicle, we may request proof of resolution.

Any documents we need to process your application, along with their descriptions, will appear on your Upstart dashboard after you submit your application.

Auto loan rates are impacted primarily by your credit history, current debt, and income. They’re also affected by whether the loan is secured. Traditional auto loans that require the vehicle as collateral typically have lower interest rates than unsecured loans, like most personal loans, that don’t require collateral. However, if you miss payments on a secured loan, your car may be repossessed. If you miss payments on an unsecured loan, the lender cannot claim your car as collateral.

Your monthly payment will be determined by several factors, including your loan amount, term and interest rate.