Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 8.49%-35.99%. All personal loans have a 1.85% to 9.99% 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.
Upgrade will never ask you to send us money via wire transfer, Western Union, gift card, or prepaid card. For any failed electronic or check payment attempt(s) for issued loans, you will be charged a $10 fee. Your bank may assess its own fee in addition to the fee we assess. You may also incur a late fee of up to $10 if your full payment is not received within 15 calendar days of your due date. This late fee is assessed once per late payment.
If your loan is secured by your car, a one-time title transfer fee may be deducted from your loan amount. The amount is determined by your local motor vehicle agency, and Upgrade does not keep any portion of government filing fees.