After Upgrade loan approval, the money could be in your account the next business day. When you receive your money depends on your loan application and your bank. All funds are generally in your account within four business days.
Upgrade offers personal loans and personal lines of credit. They also provide an auto secured loan. For this type of loan, you can use your vehicle as collateral. You give Upgrade the year, make, model, and mileage of the vehicle you want to use as collateral. Upgrade uses that information to see what type of loan you would qualify for.
Upgrade does not offer loans in all 50 states. If you live in one of the following states, you cannot apply for a loan with Upgrade:
Upgrade has a variety of fees. The origination fees vary from 1.5 to 6 percent, depending on your loan. There is a $10 fee if your payment is more than 15 calendar days late. This fee is also assessed if the electronic transfer fails. If you have an auto secured loan, there may be a title transfer fee.
Qualifications to Apply for Upgrade Loans
Useful Information About Upgrade Loans
Upgrade started in 2016. Their headquarters are in San Francisco, California. They have locations in Chicago, Montreal, and Phoenix.
In 2018, Upgrade introduced a personal credit line. Customers can apply for up to $50,000 in a credit line. The amount you receive depends on your qualifications.
Today, Upgrade has over 250 employees. Upgrade has received awards for:
You can apply for an Upgrade loan online if you live in one of the states they serve.
Yes. You can apply for an Upgrade loan online or by calling customer service. You cannot apply through the mail.
Upgrade does not have a set credit score minimum. It depends on the applicant and their information. For the best chance of approval, your score should be above 620.
The minimum Upgrade loan is $1,000.
The maximum Upgrade loan is $50,000. Receiving this amount depends on your qualifications.
The Upgrade loan terms are 30 or 60-months.
The interest rates for Upgrade loans range from 7.99 to 35.89 percent. The actual rate you receive depends on your credit and qualifications.
Yes. Upgrade loans offer fixed rates for the life of the loan term.
Upgrade offers personal loans, lines of credit, and auto secured loans. You can use personal loans for debt consolidation and home improvements. Other uses include making large purchases or building and improving your business.
Upgrade requires personal information, including name, address, and social security number. You must have a valid bank account and a valid email address. You may need to verify employment and other credit history information.
The Upgrade application only takes a few minutes. Approval may take up to a week.
After Upgrade approves your loan, your money should be in your account in one business day. It may take longer due to your application and your bank.
You must wait longer than 30 days before you apply for another Upgrade loan.
Payments are due monthly. You can make your Upgrade loan payments with automatic payments or checks.
Yes. There is not a fee for paying your loan off early.
Upgrade offers security measures that comply with federal laws. Their buildings and files are secure. Their computers have safeguards in place.
Yes. The Upgrade app is available for iOS and Android.
Contact Upgrade customer service through phone, mail, or email. Their hours are Monday through Friday from 6 a.m. to 6 p.m. and weekends from 7 a.m. to 4 p.m. PT. You can follow Upgrade on Facebook, Instagram, and Twitter.