Lender Overview

Upgrade: What You Should Know Before Applying

Fundslender is not affiliated with Upgrade, Inc. This page is an independent overview based on publicly available information to help you research your options.

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We are not a lender. Fundslender connects users with third-party lenders. We may receive compensation for referrals. No approval is guaranteed. Rates and terms vary based on your creditworthiness and lender criteria. This is not financial advice.

About Upgrade

Upgrade, Inc. is a San Francisco-based fintech company founded in 2017. It offers personal loans, a credit card, and banking products through a mobile-first platform. The company is known for its accessibility to borrowers in the fair-credit range and its inclusion of credit health monitoring tools.

Upgrade personal loans are available for debt consolidation, home improvement, and general personal use. The platform emphasizes transparency with a clear cost breakdown at the pre-qualification stage.

Typical Loan Characteristics

Upgrade personal loan overview
FeatureTypical Range
Loan amounts$1,000 to $50,000
APR rangeApproximately 9.99% to 35.99%
Loan terms24 to 84 months
Minimum creditAround 560 to 580 FICO
Origination fee1.85% to 9.99%
Prepayment penaltyNone reported

Figures are based on publicly available information as of early 2026 and may have changed. Verify current terms directly with Upgrade before applying.

Key Considerations

  • Upgrade offers joint loan applications, which can allow a co-borrower with stronger credit to improve approval odds or the rate offered.
  • The Upgrade Card (credit card product) operates differently from a personal loan and has its own terms. Do not confuse the two products.
  • Origination fees can be substantial at the high end. A 9.99% origination fee on a $20,000 loan means you receive $18,002 but owe $20,000.
  • Pre-qualification uses a soft credit pull and does not affect your credit score.

Frequently Asked Questions

No. Fundslender is an independent loan matching service and is not affiliated with, endorsed by, or a partner of Upgrade, Inc. This page is an independent research resource.
Upgrade generally accepts borrowers with a minimum FICO score of around 560 to 580, making it one of the more accessible platforms for fair and limited credit borrowers. However, lower scores typically result in higher APRs.
Yes. In addition to personal loans, Upgrade offers a credit card, checking accounts, and credit health monitoring tools. The credit card functions like a hybrid between a personal loan and a revolving credit product.
Yes. Upgrade charges origination fees typically ranging from 1.85% to 9.99% of the loan amount, deducted from your loan proceeds. This should be factored into your total cost of borrowing.
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