Our Rating: 92%


Upgrade Personal Loan Review

Loan Amount:
$1,000 - $50,000
Minimum Credit Score:
APRs From:
6.98% - 35.89%
Funding Speed:
As soon as one day

Personal loan lender, Upgrade offers personal loans up to $50,000 and is available to borrowers with fair credit or better. Upgrade offers fast approval and funding with competitive APRs.

Upgrade Personal Loan Overview

Upgrades' main underwriting criteria is free cash flow. While they also look at borrowers' debt-to-income ratio and credit score, a spokesperson says, they don’t account for rent payments and other monthly expenses that can factor into your ability to repay a loan.

The idea is to keep people from borrowing more than they can afford by “having a pretty high bar in terms of how much free cash you really have at the end of the month,” says Renaud Laplanche, Upgrade co-founder and CEO.


  • Offers secured, co-signed, and joint loans.
  • Rate discount when you get a debt consolidation loan and allow Upgrade to directly pay creditors
  • Rate discount with autopay


  • High origination fee
  • A late fee charged if applicable
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