Grace Enfield, Content Writer
@grace_enfield
It takes Upgrade Personal Loan up to 7 business days to review documents, according to the company. To upload the required documents, log into your Upgrade Personal Loan account on your smartphone or computer and add a photo of the original documents you’re required to present, like a government-issued ID, pay stubs, and bank statements. Once your documents are reviewed and your application has been approved, it will take a few more business days for you to receive the funds.
Key Things to Know About Upgrade Personal Loan
- Document Review Timeline: Up to 7 business days
- Funding Timeline: 2 - 6 business days
- Loan Amounts: $1,000 - $50,000
- APRs: 7.74% - 35.99%
- Repayment Periods: 24-84 months
- Origination Fee: 1.85% - 9.99%
- Late Fee: $10 (after 15-day grace period)
- Credit Score Requirement: 580, according to multiple third-party sources
- Income Requirement: Not disclosed
If you think Upgrade Personal Loan is right for you, check out WalletHub’s free pre-qualification tool to estimate your potential rates.
People also ask
Does Upgrade call your employer?
No, Upgrade does not call your employer. Upgrade only looks at the financial documents you submit, such as a W-2 form, a bank statement, a direct deposit form or a pay stub, to verify that you have enough income to afford the loan.
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.
read full answer by Grace Enfield, Content WriterDoes Upgrade do a hard pull?
Yes, Upgrade will perform a hard pull on your credit report once your loan is approved and funded. This hard inquiry will likely cause your credit score to drop by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Upgrade's hard pull will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside...
read full answer by Rick Bormin, Personal Loans ModeratorDid we answer your question?
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