Upgrade offers access to personal loans, the Upgrade Card with a personal credit line, and credit monitoring and educational tools.
Personal loans offered through Upgrade are installment loans that range from $1,000 to $50,000. Loans feature Annual Percentage Rates (APRs) of 7.46% to 35.97% and fixed terms between 24 to 84* months. Actual rate depends on factors in your individual credit profile. Most personal loans are unsecured. In some cases, we may offer you the option of a secured personal loan to help you qualify for a loan, or to provide you a lower rate. Check your rate now to see what personal loan options may be available to you.
The Upgrade Card with a personal credit line offered through Upgrade includes lines from $500 to $25,000.** The Upgrade Card combines the flexibility of a credit card with the predictability of a personal loan. You can pay with the Upgrade card online and at retail locations, or have funds sent directly to your bank account. Your rate and terms are fixed. Plus, there are no fees, so you can set your budget and know there are no unexpected expenses or unpredictable payments. Minimum line amounts may vary, depending on your state of residency and your individual credit profile. Get started with the Upgrade Card today.
Personal loans and Upgrade Card are issued by Upgrade's lending partners.
*Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.46%-35.97%. All personal loans have a 1.85% to 8% 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.
** Credit Lines opened through Upgrade feature Annual Percentage Rates (APRs) of 14.99% - 29.99% and line amounts ranging $500 - $50,000. The lowest rates require Autopay and the majority of the line amounts will be $25,000 or under. For example, a $5,000 transaction with a 36 month term and a 19.99% APR has a required monthly payment of $187.90. The APR on your draw may be higher or lower. Your rate, line amount, and default term depend on maintaining a qualifying credit score, your credit usage history, requested amount, and other factors. The Upgrade Card is unique in that it allows you to obtain a series of closed-end loans which you may access through transactions such as card purchases up to the approved line amount. As you repay your balance, additional credit may become available to you up to the approved line amount subject to meeting our credit requirements. The Upgrade Card will not replenish as it would in an open-end credit arrangement