Loans (US)

Upgrade Personal Loans application

Are you looking for a loan to help you consolidate debt or make a large purchase? The Upgrade loan can help you. So, read more to know how to apply!

by Victória Lourenço

10/07/2021 | Updated on 03/24/2023

Upgrade Personal Loans: Get the money you need for whatever purpose you have!

Learn how to apply for an Upgrade Personal Loan. Source: The Mister Finance.
Learn how to apply for an Upgrade Personal Loan. Source: The Mister Finance.

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.




personal loan low APR

No early pay off penalty, make joint and secured loans.

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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.

Apply online

Learn how to apply online. Source: Adobe Stock.
Learn how to apply online. Source: Adobe Stock.

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.

Apply using the app

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.

Upgrade vs. LendingClub Personal Loan

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.

Comparison Table

APR8.49% – 35.97%.The APR varies from 7,04% to 35,89%.
LOAN PURPOSE*Borrowers can use these loans to consolidate debt, make home improvements, or make any other major purchase.This personal loan can be used to pay off debt or for any other emergency.
LOAN AMOUNTS$1.000 to $50,000.$1,000 to $4,000.
CREDIT NEEDEDTo apply for a loan with this lender, you should have a minimum credit score of 560 points and a minimum household income of $25,000.A minimum credit score of 600 points is recommended.
TERMS24 – 84 months.The terms are three to five years long.
ORIGINATION FEEBetween 1.85% – 8.99%, which is deducted from the loan proceeds.The origination fee ranges from 1% to 6%.
LATE FEELate payments or subsequent charges and fees may increase the cost of your fixed rate loan.The late payment cost can be as much as $15 or 5% of the unpaid amount, whichever is higher.
EARLY PAYOFF PENALTYThere is no fee or penalty for repaying a loan early.No penalties for paying off your loan early.

How to apply for LendingClub personal loan?

Do you need a loan to help you pay down debt and pay for other emergencies? Then, read more to know how to apply for the LendingClub loan!

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

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Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 8.49% -35.97%. All personal loans have a 1.85% to 8.99% 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

**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.

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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