BEST LOAN FOR FAST FUNDING
Bankrate Rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
The annual percentage (APR) includes your interest rate, plus any loan fees. It reflects the total cost of borrowing.
Check rate with Bankrate
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.
- Allows joint applications.
- Sends debt consolidation loan funds directly to creditors.
- Flexible loan amounts of $1,000 to $50,000.
- Possible origination fee of up to 9.99%.
- $10 late fee and $10 returned check fee.
- High APRs compared to some competitors.
WHO IT'S FOR
Debt consolidation loan seekers.
WHY WE LIKE IT
Loan funds can be available within just one business day of going through the provider’s verification process.Lender perks:
- Co-borrower and secured loan options.
- Rate discounts available.
- Direct creditor payment.
Time to receive funds:
- 1.85%-9.99% origination fee.
- $10 late fee.
- $10 returned check fee.
Up to 4 business days.Up to 2 weeks if sent directly to creditors.Requirements:
- U.S. citizen or permanent resident.
- At least 18 years old.
- Valid email address.
- Verifiable bank account.