About Upgrade
Upgrade offers both personal loans and personal lines of credit from $1,000 to $50,000, giving borrowers flexibility in how they access and repay funds. The company serves a wide credit range and provides additional financial tools including a checking account, credit monitoring, and credit health insights.
What's Great
- ✓Both personal loans and lines of credit available for maximum flexibility
- ✓Wide credit range accepted including fair and average credit scores
- ✓Additional financial tools including checking account and credit monitoring
- ✓Pre-qualification with soft credit pull lets you check rates risk-free
Watch Out For
- !Origination fees of 1.85-9.99% reduce the net loan proceeds
- !Interest rates extend higher than bank-based competitors for lower scores
- !Minimum income and other requirements may exclude some applicants
- !Funding timeline is 1-4 business days, not same-day
Common Use Cases
Borrower wanting a personal line of credit for ongoing flexible access to funds
Individual with fair credit seeking a lender that also provides credit monitoring tools
Person consolidating debt while building financial health with Upgrade's bundled tools
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Debt Consolidation
Combine multiple debts into a single loan with a lower interest rate.
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