Grace Enfield, Content Writer
@grace_enfield
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 Security number
- Bank Account: Verifiable bank account
- Residency: All states except Iowa and U.S. territories
Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.
People also ask
Does Upgrade verify income for personal loan applications?
Yes, Upgrade will verify your income when you apply for a personal loan. If you're applying for an Upgrade personal loan jointly with another person, both of your incomes will be verified and will hold the same weight in the approval process.
Upgrade may verify income by requesting financial information like pay stubs, bank statements, or W-2 forms. In other cases, they'll just use credit report information. Either way, you will also have to...
read full answer by Grace Enfield, Content WriterWhat credit score do you need for an Upgrade personal loan?
Upgrade's minimum credit score for a personal loan is of 580, according to multiple third-party sources. That means you can get a personal loan from Upgrade with bad credit, but a higher credit score will give you better approval odds and should get you better loan terms.
Upgrade Credit Score Requirement & Loan Terms
| Category | Requirements and Terms |
| Minimum Credit Score ... | 580 |
How long does it take to get money from an Upgrade personal loan?
It takes 2 business days to get money from a Upgrade personal loan, in most cases. The Upgrade loan timeline includes around 1 day to get approved for a Upgrade loan and another 1 business day after approval to receive the funds after approval. Keep in mind that this is a typical applicant’s experience, and in some cases it could take longer.
How to Get Money From Upgrade as Fast as Possible
- Fill out the application...
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