We hope you’ll find the Upgrade loan process simple, straightforward, and seamless:
- Check Your Rate: Our online application is quick and easy, and viewing your offers does not impact your credit score.
- Choose Your Offer: Choose from amounts you qualify for—between $1,000 and $50,000— and pay it back over 36 or 60 months* with a rate that will never increase.
- Fast Funding: Accept your loan offer and once you are approved, you will receive funds in your bank account within four business days.
During our loan review process, we may request documents from you in order to verify information, such as your income and identity. Upgrade will keep you updated throughout the application process, but we recommend you check your To-Do List regularly to keep up to date on any document requests. The faster we can verify your information, the faster we can make a credit decision!
* Loans made through Upgrade feature APRs of 7.99%-35.89%. All loans have a 1.5% to 6% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay. For example, if you receive a $10,000 loan with a 36 month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your bank account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. 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.