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Upgrade: Personal Loan Review

The basics

Estimated APR

8.49% - 35.99%

Min. Credit Score


Max. DTI Debt to Income Ratio


Origination Fees

1.85% - 9.99%

Late Penalties

up to $10

Prepayment Fees


Good for: Low loan amount

Our verdict

If you're only looking to borrow a small amount, Upgrade is a solid choice. Upgrade also offers loans to those with bad credit, and even if you don't qualify on your own, you can use a joint applicant. On the flip side, Upgrade charges lots of fees and offers limited repayment term options.

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Beyond the basics

Fixed rates

Low credit scores eligible

No prepayment penalty

Payment flexibility

Loan Amounts

$1,000 to $50,000

Loan Terms

24-84 months

Time to Funding

1-4 business days

Full review

Lender description Upgrade is an online and mobile banking service that offers affordable loans and credit cards to help consumers make wise financial decisions.

Best used for

  • Credit card refinancing
  • Debt consolidation
  • Home improvement
  • Large purchases

Pros & cons

  • Low minimum loan amount compared with other lenders
  • Allows joint applicants
  • Low credit score eligibility requirements
  • Charges numerous fees, including origination fee, late fees, and returned payment fees
  • Doesn't offer direct payment to creditors with debt consolidation loans

Most suitable for

  • Consumers looking to borrow a small amount
  • Consumers with bad credit
  • Consumers who need a joint applicant

How to qualify You'll need to be at least 18 years old (in most states) and a resident of the United States. You'll also need to provide a verifiable bank account and valid email address.

How to apply Apply online in three steps by checking your rate, choosing your offer, and getting your funds.

Footprint Upgrade is available in 49 states and Washington, D.C. Loans aren't available in West Virginia.

Loan 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.

Get Offer for Upgrade Personal Loan

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