Grace Enfield, Content Writer
@grace_enfield
You can borrow $1,000 to $50,000 from Upgrade with a personal loan, depending on your credit score, income, employment status and other factors. Upgrade personal loans also have APRs of 7.74% - 35.99%, based on your overall creditworthiness, and repayment periods of 24-84 months. You will need to have a credit score of 580+ to qualify.
Key Things to Know About Upgrade Personal Loans
- Loan amounts: $1,000 - $50,000
- APRs: 7.74% - 35.99%
- Repayment periods: 24-84 months
- Credit score requirement: 580+
- Funding timeline: 2 - 6 business days after approval
- Origination fee: 1.85% - 9.99%
- Late fee: $10 (after 15-day grace period)
For more information, check out the full Upgrade personal loan review on WalletHub. You can also 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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