Product from Upgrade

Personal Loan from Upgrade - see full info about rates, terms, credit score.

Updated November 29, 2022
4.51 out of 5
Check rates
On partner's site

Check your personal loan rates

scorer
APR Range
7.96 - 35.97%
scorer
Amount
up to $50,000
scorer
Term
up to 60 months
scorer
Minimum credit score:
Poor (300-579)
scorer
No early payoff penalty

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Options

  • Loan purpose:
    Personal Loan
  • Lender:
  • Credit Level:
    Poor (300-579)
  • When funds are available:
    1 business day.

Fees

  • Origination fee
    1.85 - 8.99%
  • Early payment fee
    No early payment fees.
  • Late fee
    $10
  • Returned check fees
    $10

Pros & Cons

Pros:
  • Fast funding**
  • Wide range of loan amounts
  • Accessible to most borrowers
Cons:
  • Origination fee

Rates

Rates
7.96 - 35.97%
Term
36 - 60 months
Loan Amount
$1,000 - $50,000
List of states where Upgrade loan is not available:
  • Washington
View all Rates & Fees

Requirements

  • Ages

    Be at least 18 years old (19 in some states).

  • Requirements Description
    • Be a U.S. citizen or a permanent resident
    • Be at least 18 years old (19 in some states)
    • Have a bank account where Upgrade can transfer the funds
    • Have a valid email address
    • Have some form of income

Check loans from other lenders

Avant
Avant
Personal Loan
3.45 out of 5
Recommended credit score
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Poor (300-579)
  • 9.95 - 35.95 %
    APR
  • 1 - 5 years
    Loan Term
  • $2,000 - $35,000
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Best Egg
Best Egg
Personal Loan
2.97 out of 5
Recommended credit score
bank name
Good (670-739)
  • 7.99 - 35.99 %
    APR
  • 3 - 5 years
    Loan Term
  • $2,000 - $50,000
    Loan Amount
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Payoff®
Payoff®
Personal Loan
2.66 out of 5
Recommended credit score
bank name
Good (670-739)
  • 8.99 - 29.99 %
    APR
  • 2 - 5 years
    Loan Term
  • $5,000 - $40,000
    Loan Amount
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Description

  • Upgrade personal loans are designed for mainstream appeal, supporting a wide range of credit scores and incomes.

    Upgrade offers 36-month or 60-month fixed-rate personal loans, which generally range from $1,000 to $50,000, in 44 states. Upgrade loans are not available in Colorado, Connecticut, Iowa, Maryland, Vermont and West Virginia.

    You can repay your Upgrade personal loan over three or five years.

    To apply for an Upgrade personal loan, you’ll start by filling out a one-page application to see which terms you qualify for based on a soft credit check (or credit inquiry that doesn’t impact your credit score).

    ** Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.96% - 35.97%. All personal loans have a 1.85% to 8.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.

    Read full review

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