Upstox review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Upstox brokers personal loans for Indian citizens living in India, salaried or self-employed, and suits borrowers who want money the same day. The trade-off is cost: an APR of 13.99% on INR 20,000 to INR 500,000 over terms running 6 to 60, and the rate is a single figure.

Key facts

Best for
Indian borrowers who need same-day money and can handle an origination fee.
APR
13.99% (Source, checked September 26, 2026)
Loan amount
₹20,000 to ₹500,000 (Source, checked September 26, 2026)
Term
6 to 60 months (Source, checked September 26, 2026)
Arrangement fee
1% to 4% of the loan amount (incl. GST) (Source, checked September 26, 2026)
Funding time
Money in your account within minutes (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Indian citizens residing in India, age 21 to 65, salaried or self-employed (Source, checked September 26, 2026)
Origination fee (%)
1% to 4% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
Upstox Securities Private Limited (Source, checked September 26, 2026)
Headquarters
India (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre, Community (Source, checked September 26, 2026)
Features
Same-day funding
Official website
upstox.com

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • Funding is quick: Money in your account within minutes.
  • The borrowing range is wide for a personal loan, INR 20,000 to INR 500,000 over terms running 6 to 60.
  • Support reaches you on email, phone and help centre, including phone and email.
  • Licences from SEBI, IFSCA and IRDAI are listed for Upstox Securities Private Limited.

Cons

  • Free early repayment is no, so paying the loan off early can cost more.
  • An origination fee of 1% to 4% of the loan amount (incl. GST) sits on top of the 13.99% rate.
  • Upstox is a broker, so the rate comes from a partner lender and can differ between applications.
Upstox

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Scored 8.6 / 10 by BorrowCue.

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Who it suits

  • Salaried and self-employed Indian citizens living in India.
  • Borrowers who need the money the same day and can wait for a partner lender's offer.
  • People who want a single listed rate of 13.99% rather than a range.

Who should look elsewhere

  • Monzo Flex, whose listed APR of 10% to 23% starts lower and spans a wider band.
  • Cashspace, whose listed APR of PHP 12 to PHP 36 is a separate band worth checking.
  • Cashspace ES, whose listed APR of 0% is hard to beat on rate alone.

Where it sits among rivals

Upstox sits 502 of 685 brands on loan amount and 203 of 350 on APR. The borrowing range runs larger than most of the field, while the rate lands around the middle rather than at the cheap end, so lower-priced offers do exist among the brands compared here.

Safety and regulation

Upstox is a broker, not the lender itself, so the rate comes from a partner company. The permissions on file are INZ000315837 from the Securities and Exchange Board of India, CMI2026BDK1028 from the International Financial Services Centres Authority and CA0918 from the Insurance Regulatory and Development Authority of India.

How Upstox compares

Where Upstox is available

Available
India
Licence in India
Securities and Exchange Board of India (SEBI) (INZ000315837), checked September 26, 2026
Licence in India
International Financial Services Centres Authority (IFSCA) (CMI2026BDK1028), checked September 26, 2026
Licence in India
Insurance Regulatory and Development Authority of India (IRDAI) (CA0918), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do Upstox personal loans charge?+

Upstox lists a single rate of 13.99% on its personal loans, applied over terms running 6 to 60. Because the rate is a single figure rather than a range, what you see quoted is close to what you pay, and the extra cost comes mainly from the origination fee.

What fees does Upstox charge on a personal loan?+

Upstox charges an origination fee of 1% to 4% of the loan amount (incl. GST), which works out at 1% to 4% of the amount borrowed and already includes GST. The fee scales with the sum, so a larger loan carries a proportionally larger charge, and it is the main cost to weigh beyond the rate.

How much can I borrow from Upstox and over how long?+

Upstox lends INR 20,000 to INR 500,000 over terms of 6 to 60. That range spans a short personal loan and a much longer one, and because Upstox is a broker, the final amount and term are set by the partner lender after the application is reviewed.

How fast does Upstox send the money?+

Speed is the selling point: Money in your account within minutes, and same-day funding is listed as a feature. The application runs through a broker first, so the partner lender sets the pace after approval, and the timing applies once an offer is accepted.

Who can apply for an Upstox personal loan?+

Applicants need to be citizens based in the country, and people on a salary as well as the self-employed can put in a claim. The case is handled as a broker arrangement, so Upstox Securities Private Limited reviews the details before a lending partner takes it on.

Is Upstox regulated, and who holds the licences?+

The licences sit with Upstox Securities Private Limited: INZ000315837 from the Securities and Exchange Board of India, CMI2026BDK1028 from the International Financial Services Centres Authority and CA0918 from the Insurance Regulatory and Development Authority of India.

Can I repay early without a charge?+

Free early repayment is no, so settling the balance before the end of 6 to 60 can cost more than the monthly payments suggest. Borrowers who expect to clear the loan sooner should factor the origination fee of 1% to 4% of the loan amount (incl. GST) into the total cost.

How do I contact Upstox about a personal loan?+

Support runs on email, phone and help centre, so a phone call, an email and the help centre are all listed, with a community board alongside. A broker setup can add a step here, since the partner lender may need to answer questions about the offer itself.

Sources

  • upstox.com/personal-loans checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Features, Free early repayment, Funding time, Headquarters, Legal entity, Lender type, Loan types, Arrangement fee, Origination fee (%), Support channels, Term, Licences

    “Loan amounts range from ₹20,000 to ₹5,00,000”

Compiled from 1 source page, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check, Representative example.

Related by the facts

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Indian borrowers who need same-day money and can handle an origination fee.

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