Updated April 2026Expert Reviewed
U
Upgrade Personal Loan Review
4.7
APR Range
9.99% - 35.99%
Loan Amounts
$1,000 - $50,000
Repayment Terms
2-7 years
Min. Credit Score
580
Origination Fee
1.85%-9.99%
Funding Speed
Same day
4.7
Our Verdict
Upgrade is best for fair credit borrowers, offering competitive rates with same day funding.
Pros
- Multiple rate discounts
- Secured & co-signed options
- Fair credit accepted
- Same day funding available
Cons
- Origination fee: 1.85%-9.99%
- APR can go up to 35.99%
- Min credit score: 580
How Upgrade compares
| Lender | Rating | APR | Fees | Speed |
|---|---|---|---|---|
| Upgrade | 4.7 | 9.99%-35.99% | 1.85%-9.99% | Same day |
| SoFi | 4.9 | 8.99%-29.99% | Optional (0-7%) | Same day |
| LightStream | 4.9 | 6.49%-25.99% | None | Same day |
| LendingClub | 4.5 | 9.57%-35.99% | 3%-8% | Same-next day |
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Upgrade FAQ
Upgrade requires a minimum credit score of 580. However, the best rates are typically available to borrowers with excellent credit (720+).
Upgrade typically provides funding in same day. Actual funding times may vary depending on your bank and application completeness.
Upgrade's origination fee is 1.85%-9.99%. This fee is typically deducted from the loan disbursement.
Most personal loan lenders, including Upgrade, offer a soft credit check for prequalification that does not impact your credit score. A hard inquiry only occurs when you formally submit a full application.
Upgrade offers personal loans ranging from $1,000 to $50,000 with terms of 2-7 years. The exact amount you qualify for depends on your creditworthiness, income, and debt-to-income ratio.
Upgrade earns a 4.7/5 rating in our analysis. It's best for fair credit borrowers. Key strengths include multiple rate discounts and secured & co-signed options. APR ranges from 9.99% to 35.99%, which is competitive.
Lauren Vasquez
Senior Financial Analyst · CFP®, Former Loan Officer
Lauren Vasquez is a Certified Financial Planner with over 12 years of experience in personal lending and consumer finance. She spent eight years as a senior loan officer at Wells Fargo before joining Fast Loan Express to help everyday borrowers cut through the noise and make smarter decisions.
Read Lauren's articles on Medium →