Upgrade Review

4.3

Upgrade serves a wide credit range with flexible options, including secured and joint loan options for lower-credit borrowers.

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APR Range

9.99% – 35.99%

Loan Amount

$1,000 – $50,000

Min. Credit

580

Funding Speed

1 – 5 business days

Upgrade Personal Loan Review

Upgrade fills an important gap in the market by serving borrowers across the credit spectrum, from fair to excellent. They offer both secured and unsecured personal loans, with the secured option (backed by your vehicle) unlocking lower rates for those who qualify. Joint applications are available, and they offer direct payment to creditors for debt consolidation. The trade-off is origination fees of 1.85–9.99%.

Best For

Fair-credit borrowers who want flexibility and joint applications

Pros

  • Accepts credit scores as low as 580
  • Joint loan applications available
  • Secured loan option for lower rates
  • Direct creditor payment for debt consolidation
  • Free credit monitoring and education tools

Cons

  • Origination fee of 1.85% – 9.99%
  • Higher rates for lower credit scores
  • Minimum income requirements
  • Funding can take 3–5 business days

Loan Details

APR Range9.99% – 35.99%
Loan Amounts$1,000 – $50,000
Repayment Terms24 – 84 months
Minimum Credit Score580
Funding Speed1 – 5 business days
FeesOrigination fee: 1.85% – 9.99%. No prepayment penalty.

Key Features

Secured loan option
Joint applications
Credit monitoring
Hardship programs

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Borrowers with good credit who want zero fees

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LightStream

Excellent credit borrowers wanting the absolute lowest rates

7.49% – 25.49%$5,000 – $100,000700Same day (with bank account verification)
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Best Egg

Good-credit borrowers who need fast funding

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Avant

Borrowers with average credit (580–700) who need fast funding

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Good-credit borrowers who want zero fees and payment flexibility

8.99% – 25.99%$3,500 – $40,0006601 – 4 business days
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Upgrade at a Glance

Rating
APR
9.99% – 35.99%
Amount
$1,000 – $50,000
Min. Score
580
Funding
1 – 5 business days
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