The Upgrade Personal Loans application is very simple, and can help you consolidate debt or make some large purchase you might need.

Upgrade offers an excellent way to affordably tackle any unexpected expenses that may arise. Moreover, they have competitive rates, a streamlined application process and flexible repayment terms to make your life easier.

They even allows you to consolidate existing loans into one payment to simplify the repayment process, calculate your savings with Upgrade’s free calculator, or find out if Upgrade is right for you with their eligibility checker.

Upgrade’s personal loans help manage cash flow while providing the funding you need to reach your goals faster. Upgrade helps get money in your pocket so that you can be ready for whatever comes next.

You can fill an Upgrade Personal Loans application throgugh the lender’s website and see if you are pre-qualified to get the loan amount you need.

Also, you will need to provide some personal information. Also, you can choose the loan offer you want after checking if you are pre-qualified.

Moreover, you can receive your loan funds as fast as one business day after getting approved. However, this deadline to receive your funds can vary between more than four days.

So, be sure to make your loan application with time to get your funds and use them.

You can use this lender’s mobile app to manage your loan and check your balance. However, you cannot use this lender’s app to apply for a loan. So, you have to go to their website to make your online application.

When applying for a loan, it is best to do a lot of research about the company, the offers, the fees. That is because you will have to deal with these fees later and be able to pay for the loan amount.

Therefore, to help you with this research, we prepared a comparison with another lender that can help you pay off your debt or any other emergency spending you might have.

So, here is our comparison between Upgrade and LendingClub.

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 8.49%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade’s bank partners. Information on Upgrade’s bank partners can be found at https://www.upgrade.com/bank-partners/.

**Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds sent directly to you should be available within one (1) business day. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.