Personal Loans

In this comprehensive review, we explore Upgrade® Personal Loan designed to meet diverse financial needs. Discover how Upgrade® stands out with its competitive interest rates, flexible borrowing limits, and rewarding perks.
1000 - 50000 $
Loan Amount
24 - 84 Months
Repayment Term
8.49 - 35.99


General Info
 Loan Amount Loan Amount
1000 - 50000 $
Repayment Term Repayment Term
24 - 84 Months
Required documents Required documents
Do I fit in?
Age Age
Credit Score Credit Score
Income required Income required
8.49 - 35.99

How to Apply for an Upgrade?

  1. Visit website. Start by going to the Upgrade website. Choose the financial product you're interested in. Upgrade offers various products including Personal Loans, Upgrade Cards, and OneCard. Each product has its own section on the website.

  2. Check your rate. For personal loans, you can check your rate by clicking on "Check Your Rate" on the personal loans page. This step requires you to provide some personal and financial information but doesn't impact your credit score.

  3. Complete application. Fill out the application form with all required details. This may include personal information, employment details, and financial information. Ensure all information is accurate to avoid any delays.

  4. Submit documents. Depending on the product you're applying for, you may need to submit additional documentation for verification. This could include proof of income, identification, and other relevant documents.

  5. Review and accept offer. Once your application is processed, review your loan or card offer carefully. Pay attention to the APR, fees, and repayment terms. If you're satisfied with the offer, accept it to proceed.

  6. Verification and funding. After accepting the offer, Upgrade may perform additional verifications. For personal loans, once everything is cleared, the funds are usually sent to your bank account within a day of clearing necessary verifications. The exact timing can depend on your bank.

  7. Manage your account. After receiving your loan or card, you can manage your account online or through the Upgrade mobile app. This includes making payments, checking balances, and monitoring your account.

Conditions and Requirements


  1. Eligibility. You need to be either a U.S. citizen, a permanent resident, or residing in the U.S. with a valid visa. Additionally, you must be at least 18 years old, or 19 in Alabama and certain other states.

  2. Credit score. The APR and approval may vary based on your credit score, credit usage history, loan term, and other factors.

  3. Interest rates and fees. Personal loans feature APRs of 8.49%-35.99%, with origination fees ranging from 1.85% to 9.99% of the loan amount.

  4. Repayment terms. Loans offer repayment terms of 24 to 84 months, allowing flexibility in loan duration.

  5. Early repayment. There is no fee or penalty for repaying a loan early, offering the freedom to manage your debt without extra charges.


  1. Personal information. Provide accurate personal information, including identification and employment details.

  2. Financial information. Submit relevant financial information for credit assessment, including income verification.

  3. Bank account. A valid bank account is required for the disbursement of loan funds or for connecting with your Upgrade Card or OneCard.

  4. Direct deposit. For certain rewards, such as the 2% cash back with Rewards Checking Plus, a monthly direct deposit of $1,000 or more is necessary.

  5. Documentation. Additional documentation may be required for verification, such as proof of income or residence.

Ways to Receive the Money

At Upgrade, receiving the funds from your approved financial product is streamlined and efficient. For personal loans, once your application is approved and all necessary verifications are cleared, the money is sent directly to your bank account typically within one business day. This quick funding process ensures that the funds you need are available to you as soon as possible, allowing you to manage your finances or make purchases without delay. Additionally, if the loan is intended to pay off creditors, Upgrade directly sends the funds to pay off your debts, which may take up to two weeks to clear, depending on the creditor. This system not only simplifies the process of obtaining a loan but also ensures that the funds are used for their intended purpose, whether it's consolidating debt, making a major purchase, or improving your home.

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Update 27.03.2024