At a Glance
Rates & Fees
Key Features
Direct creditor pay for debt consolidation
Free credit monitoring
Autopay discount available
Pros & Cons
Pros
- Accepts lower credit scores (580+)
- Direct debt consolidation payments
- Small loans from $1,000
Tradeoffs
- Origination fee can be high
- Higher APRs vs competitors
- Fee reduces effective loan amount
How to Apply
Check whether Upgrade offers prequalification and whether it uses a soft or hard credit inquiry before submitting personal information. A full loan application may affect your credit score.
Compare the estimated APR, term, and monthly payment against at least one other lender before committing.
Gather proof of income, identification, and bank account details for the formal application.
Submit the full application directly on Upgrade's site; approval typically requires a hard credit inquiry.
If approved, review the final loan agreement for the origination fee and funding time (1–4 business days) before signing.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Origination Fee |
|---|---|---|---|
| Upgrade Personal Loan | 7.74%–35.99% | $1,000–$50,000 | 1.85–9.99% |
| Citi Personal Loan | 9.99%–17.49% | $2,000–$30,000 | None |
| LightStream Personal Loan | 7.24%–24.89% | $5,000–$100,000 | None |
| SoFi Personal Loan | 6.99%–35.49% | $5,000–$100,000 | None (optional fee for lower rate) |
Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, income, and loan amount — always confirm current terms directly with the lender.