How to apply for Upgrade Personal Loans?

Learn all you need for the application

Upgrade is a financial technology company founded in 2017 that provides a range of financial solutions, including personal loans, credit cards, and savings.

Collaborating with various banks, such as Cross River Bank, Sutton Bank, Blue Ridge Bank, and WebBank, it aims to offer reliable services. The company has issued over 1.7 million personal loans, receiving recognition for its quality services.

Upgrade offers personal loans from $1,000 to $50,000 with repayment terms ranging from 36 to 60 months. The application process is entirely online, providing clarity and transparency with fixed interest rates. Customers may receive funds within 24 hours of approval.

Upgrade also presents additional financial services, and while efficient and secure, some may find rates less favorable or the maximum loan amount insufficient for certain needs.

If you need more information about how to apply, keep reading this article.

Who can Apply?

Upgrade offers a range of financial solutions for various audiences, including personal loans. For sports loans, the company has specific requirements for potential customers:

• Be a U.S. citizen or permanently reside in the U.S. with a valid and active visa
• Be 18 years of age or older (19 years in the state of Alabama)
• Have a valid bank account
• Have a verifiable source of income.

Income verification is crucial as the loan doesn’t require collateral. Additionally, a good credit history is essential for obtaining favorable loan terms. Besides these criteria, Upgrade doesn’t impose significant additional requirements for personal loan plans.

It is important to emphasize that, even if the customer meets Upgrade’s requirements, all applications are subject to platform availability, as well as general verifications and cancellations.

How is the application process at Upgrade?

On the Upgrade Personal Loans’ personal loans section’s homepage, customers can find the form to initiate their application under the “Check my Rate” option.

The initial information includes the desired loan amount, ranging from $1,000 to $50,000, and the purpose of the loan, such as paying off credit cards, debt consolidation, business expenses, home improvements, major purchases, and more.

While filling out the form, customers provide essential details, including their full name, complete residential address, date of birth, and individual annual income.

The option for an individual or joint application is available, and customers can create a login and password during the process. The application may involve submitting documents such as a copy of identification, proof of residence, payment receipts from the last 3 months, and bank statements from the last 3 months.

Upgrade’s system conducts an intelligent credit check, considering various factors beyond the traditional credit score.

In case of applying for a joint loan, it will also be necessary to provide the other individual’s information, complying with the same requirements for the services.

If customers have questions or need assistance during the application, they can contact support via email at [email protected] or by phone at (844) 319-3909 during Pacific business hours.

Want to look at another option?

The personal loan market in the USA has several options, and Upstart is another company that offers similar plans of up to $50,000 with a repayment period of up to 5 years.

The application is also done entirely online through the form available on Upstart’s platform, and you can learn more about the company in the article dedicated to the brand.

Written by

Gabriel Gonçalves