Loans obtained through Upgrade have annual percentage rates (APRs) of 6.99%-35.97%. All loans have a 1% to 6% origination fee, which is deducted from the loan proceeds. Your actual rate depends on credit score, credit usage and history, loan term and other factors.
For issued loans, any failed electronic or check payment attempt(s) will be charged a non-refundable fee of $10. Your bank may assess its own fee in addition to the fee we assess. Additionally, you may incur a late fee of up to $10 if your payment is not received in full within 15 calendar days of your payment due date. This charge is assessed once per late payment.
Upgrade never charges an upfront application fee and will never ask you to send us money via wire transfer, Western Union, gift card, or prepaid card.