Upgrade Personal Loans Review

Rating: 8 / 10 (Very good)
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Upgrade is a lending company based in San Francisco, California. It is an online lending platform that offers consumers free credit monitoring and access to personal loans of up to $50,000. The company’s co-founder and CEO Renaud Laplanche is the former head of LendingClub, an online lending company that has lent more than $28 billion to over 2 million borrowers since 2007.


Direct Lender

Loan Details

Unsecured Loans


Minimum Loan Amount


Maximum Loan Amount


Minimum Loan Period

36 months

Maximum Loan Period

60 months

Loan Rates

5.66% to 35.97% APR

Upgrade offers fixed rates for its personal loans. An origination fee of 1% to 5% is charged which is deducted from loan proceeds.


Online Application Time


Online Response Time



Credit Score


Debt to income ratio

40% maximum debt-to-income ratio excluding mortgage

Active Bank Account


At least 18 years old


US Citizen or Permanent Resident


Upgrade enables users to check their rates without this affecting their credit score. To view their rate, borrowers must first submit simple personal information including financial, and employment details. Upgrade then provides multiple loan options from which borrowers can select the loan term that best works for them. Once approved, Upgrade sends funds directly to a borrower’s bank account within a day of clearing all verifications.

Upgrade Summary

Unlike most personal lending companies, Upgrade focuses on a borrower’s cash flow rather than income. This is the amount of available monthly funds minus all taxes and expenses. It means people with a lower salary may qualify for a bigger loan based on cash flow. A good choice for borrowers searching for quick access to personal loans with competitive rates and flexible loan options. 

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Top Rated
Our Partner
9.8 / 10

  • Unsecured Personal Loans from $1,000 to $100,000
  • Loans for Debt Consolidation, Large Purchase, Home Improvement, Medical Expenses, and more.
  • Even Compares Top Loan Providers and Matches You Instantly
  • Rates Starting at 4.99% APR 
  • Loan Terms From 24-84 Months
  • Funds Available as Soon as Next Business Day
  • Loan Search Is Free and Will NOT Affect Credit Score