Whether you are looking to pay off debt or just in need of some fast cash, Upgrade has got you covered. Having facilitated an impressive $1.7 million in personal loans, Upgrade is committed to empowering borrowers. Providing personal loans from $1,000 to $50,000 at low, fixed interest rates, this company stands out from the crowd.
You can apply online and receive a response within minutes. If approved, you can see the funds in your account within one business day. Now that’s fast funding!
Co-founders of LendingClub, Renaud Laplanche and Soul Htite, founded Upgrade in 2016. Upgrade has features like free credit monitoring and financial education resources. Upgrade’s free credit monitoring service available through its website gives users a credit score summary, insights, and recommendations. Their weekly updates and email alerts help stay informed on how to make better decisions affecting your credit.
To qualify for a personal loan with Upgrade, applicants need to meet specific criteria. This includes U.S. citizenship, permanent residency, or residing in the U.S. on a valid visa. Age requirements are a minimum of 18 years or 19 in specified states. Verifiable bank account information and a valid email address are necessary for secure fund disbursement and communication. Creditworthiness is evaluated based on factors such as credit score, credit usage, and payment history. This allows Upgrade to influence loan terms for a personalized lending experience. The chosen loan amount and term are also considered in alignment with the borrower's financial capacity.
Applying for a personal loan with Upgrade is quick and easy. Follow these three simple steps:
1. Check your rate: Begin by checking your rate online in just a few minutes. During this stage, there is no obligation; it’s a free service, and your credit score will not be affected.
2. Choose your personal loan: Upgrade offers a user-friendly platform where you can easily compare multiple loans. After providing some basic information, you can view personal loan options that are suitable for your eligibility. Take your time to choose an offer that best suits your financial needs.
3. Fast funding: After choosing your personal loan option and accepting an offer, Upgrade offers a speedy funding process. You can expect the funds to arrive in your account typically within a day of clearing the necessary verifications.
Upgrade's streamlined loan process makes personal loans accessible, efficient, and tailored to your unique requirements.
Upgrade offers flexible and transparent loan terms tailored to meet a variety of financial needs. These include:
Loan amounts
Borrowers can access loan amounts ranging from $1,000 to $50,000.
Competitive APR’s
APR’s range from 8.49% to 35.99%.
Origination fee
All personal loans with Upgrade require an origination fee, which falls between 1.85% and 9.99%. This fee is deducted from the loan proceeds.
Flexible repayment terms
Choose a repayment period between 24 and 84 months.
No prepayment fees
Borrowers can pay off their loans ahead of schedule without incurring early payment fees.
Upgrade takes pride in its commitment to excellent customer support. This shows in an excellent rating on Trustpilot with positive customer reviews and also an A* rating on Better Business Bureau (BBB).
Upgrade includes an extensive help section on the official website, featuring insightful articles that explain personal loans and frequently asked questions. With this comprehensive resource at your fingertips, you can find answers whenever you need them.
If you have any questions or complaints, Upgrade’s friendly representatives are just a phone call or email away. Operating during convenient hours, you can reach the team from Monday to Friday, 5 am to 6 pm PT, and on Saturday and Sunday, from 6 am to 5 pm PT.