We hope you’ll find the Upgrade process simple, straightforward, and seamless. With a personal loan through Upgrade, you can expect to:
- Check Your Rate: It only takes a moment to check your rate online, and viewing your offers does not impact your credit score.
- Choose Your Offer: Choose from amounts you qualify for—between $1,000 and $35,000— and pay it back over 24 to 84 months* with a rate that will never increase.
- Get Fast Funding: Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day** of clearing necessary verifications.
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 a credit decision can be made!
*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.
**Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds sent directly to you should be available within one (1) business day. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.