Upgrade Personal Loans Review

Rating: 9.5 / 10 (Excellent)
2 Customer Reviews - see all comments
Disclosure: We receive advertising revenue from this partner. Learn more.
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 6% is charged which is deducted from loan proceeds.


Online Application Time

A few minutes

Online Response Time

A few minutes


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. 

*Loans made through Upgrade feature APRs of 5.66%-35.97%. All loans have a 1% to 6% origination fee, which is deducted from the loan proceeds. For example, a $10,000 loan with a 36 month term and a 18.61% APR (which includes a 6% origination fee) has a required monthly payment of $342.70. The APR on your loan may be higher or lower. 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. All loans made by WebBank, member FDIC.

**Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.

Our Partner
9.5 / 10
  • Personal loans of Up to $50,000
  • No prepayment fees
  • Fixed monthly payments
  • Loan terms from 36 to 60 months
  • 5.66% to 35.97% APR*
  • Quick funding in as little as 1 to 4 business days**
  • Free credit monitoring tools

Latest Upgrade Reviews

Richmond, Texas

The advertised four day process has turned into 30 day process. The loan was approved and sent back to review status twice. Loan specialist Katy is now M.I.A.

james g
Buffalo, New York

I spilled out the application through Credit Karma and received an email from upgrade saying that I was approved for my $2,500 loan. They gave me the interest rates and the monthly payment etc etc. They asked me for my bank routing number and account number so that they could deposit my loan. Been 3 weeks now no emails no phone calls they won't return my calls and no deposit I think I got scammed beware