The Upstart is a home equity line of credit from Upstart. The annual fee is none; no prepayment penalty or redraw fees. The ongoing APR is 6.52%-18.00% for initial advances (as of June 2026); variable Prime +/- margin, floor 3.99%, cap 18.00%; each draw fixed. Typical credit limit: $26,000-$250,000. Soft-pull pre-qualification is available — no hard inquiry to check approval odds.