Enjoy predictable fixed rates (7.99–35.99 %) and a clear origination fee structure.
Maximum loan size allows flexibility for both small needs and larger projects.
With autopay enrolled, approved funds are deposited the next business day.
Pay off your loan early at any time with zero fees—saving on interest.
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Fixed Rates with Transparent Fees+
Upgrade offers fixed annual percentage rates between 7.99% and 35.99%, which means your monthly payments remain consistent throughout the loan term—ideal as a budgeting tool. An origination fee ranging from 1.85% to 9.99% is deducted upfront, making the loan terms totally transparent from the start. This simplicity helps when consolidating high-interest debt or planning for upcoming expenses without unexpected cost spikes.
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Borrow What You Need, From $1k to $50k+
Whether you’re financing a small emergency or a major renovation, Upgrade offers loans from $1,000 up to $50,000. This wide range provides flexibility—no need to borrow more than necessary, while still having access to larger amounts when needed. The sizable credit ceiling makes it a solid choice for both short-term needs and long-term investments like consolidating debt or funding major purchases.
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Get Funds Quickly with Autopay+
For borrowers enrolled in autopay and requesting debt-payoff deliveries, approved funds are usually deposited by the next business day. Upgrade emphasizes speed—making it suitable for urgent financial demands like car repairs or medical bills. Just note: paying off external creditors may take up to two weeks, given the turnaround time required to clear funds.
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Credit Tools That Help You Grow+
Within Upgrade’s personalized dashboard, you get free access to credit health tools, including score monitoring and recommendations for improvement. These features help users not only manage their current debt but also improve their credit file for future borrowing, making Upgrade more than just a lender—it’s a financial partner aiding long-term improvement.
Top U.S. Personal Loan Options
- Upgrade Personal Loan – Borrow $1,000–$50,000 with APRs from 7.99% to 35.99%, terms of 24–84 months, 1.85%–9.99% origination fee, autopay discount, no prepayment penalty.
- SoFi – Offers $100,000 max, APRs ~9%–29.99%, no origination fee, unemployment protection.
- Upstart – Loans to $50,000, APRs ~6.7%–35.99%, uses alternative data for approval.
- LightStream – Offers $10,000–$100,000 fixed-rate loans (6.94%–25.79%) with same-day funding.
- Credible – Enables side-by-side rate comparisons from top lenders through one soft credit pull.
Traditional Bank & Credit Union Loans
Banks and credit unions typically offer lower-interest loans (6%–14% APR) with longer terms, but they often require strong credit, extensive documentation, and more time. Upgrade offers similar clarity and protection in terms—fixed rates, set terms, and no extra fees—but with a faster, more accessible digital experience tailored for fair- to good-credit borrowers.
Upgrade Personal Loan
Upgrade offers loans of $1,000–$50,000, flexible terms of 24 to 84 months, and fixed APRs between 7.99% and 35.99%, including upfront origination fees of 1.85%–9.99%. To get the most competitive rate, you’ll need autopay and use the funds to pay off an existing debt. A soft pull prequalifies you without impacting your credit score; a hard inquiry occurs only upon acceptance. Funds arrive typically within 1–2 business days. There are no fees for paying early, and late fees are clearly defined. Borrowers with credit scores above 580 and a DTI below 75% are typically approved.
Online Lending Platforms
Sites like SoFi, Upstart, and LightStream offer seamless online applications and often disburse funds the same or next day. They serve different credit tiers: SoFi targets prime borrowers, Upstart caters to those with moderate credit using alternative data, and LightStream is ideal for customers with strong credit seeking low rates and high loan amounts.
Credit Union & Peer-to-Peer Loans
Credit unions and P2P platforms, such as Prosper, fund personal loans often with competitive APRs and community-oriented service. While not as large-scale as Upgrade, they can be worthwhile for borrowers with solid credit who want transparent terms and a more personal lending experience.
Personal Loans for Lower Credit
Upgrade is well-regarded for borrowers with fair credit (580+), offering access to loans larger than many credit cards. With proper management—especially when auto-pay is enabled—borrowers can reduce APRs and report positive payment history to credit bureaus. However, borrowers should watch for higher-end APRs and manageable repayment plans.
How Loans Affect Your Finances & Credit in the U.S.
Upgrade uses a soft pull to offer prequalification without hurting your score. If you accept terms, a hard inquiry may slightly lower it. Loan servicing, payment history, and balances are reported to credit bureaus—on-time payments build credit, while late or missing ones hurt. Personal loans also influence your debt-to-income ratio, which matters for future credit. Fixed rates and no prepayment penalties encourage smart repayment strategies to minimize interest and maximize credit gains. Upgrade also includes credit education and dashboard tools to support financial literacy.
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