Gino Rodriguez, Writer
@gino_rodriguez
You will know if Upgrade approved you for a personal loan because you will receive an application decision via email. Upgrade may approve you as soon as the same day you apply, or within 2 - 5 business days, and you can check your loan status online in the meantime.
If you get approved, you should receive the funds 1 business day. Just keep in mind that approval for an Upgrade loan is never guaranteed.
Key Information About Upgrade Personal Loans
- Approval Timeline: 2 - 5 business days
- Approval Notification Method: Email
- Funding Timeline: 1 business day
- How to Check Application Status: Online
- APRs: 7.74% - 35.99%
- Loan Amounts: $1,000 - $50,000
- Repayment Periods: 24-84 months
- Origination Fee: 1.85% - 9.99%
- Credit Score Requirement: 580
For more information, check out the full Upgrade personal loan review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.
People also ask
Is Upgrade legit?
Upgrade is legit because it has an A+ rating from the Better Business Bureau and has been BBB-accredited since 2017. Upgrade personal loans also received a rating of 3.6/5 from WalletHub's editors, as they offer $1,000 - $50,000 with decent interest rates to people with bad credit or better.
Why Upgrade is a Legit Company
- Upgrade is registered as a business in the states it services.
- Upgrade has a Better Business...
Can you refinance an Upgrade personal loan?
Yes, you can refinance an Upgrade personal loan using either a new personal loan or a balance transfer credit card from a different lender. By paying off your remaining Upgrade balance with a new, lower-interest loan or credit card, you will shift what you owe to the new lender and save money on finance charges.
How to Refinance a Loan from Upgrade With a New Loan
- Check your credit score. Checking your credit helps you...
What are the Upgrade loan requirements?
Upgrade loan requirements include being at least 18 years old, having enough income or assets to make the monthly payments, and having a Social Security number. You will also need to have a verifiable bank account to qualify for an Upgrade personal loan.
Upgrade Requirements for Borrowers
- Credit Score: 580 or higher
- Income: Not disclosed
- Age: 18+
- Citizenship: U.S. citizen, permanent resident, or immigration visa holder
- Identification: Social...
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