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Upgrade personal loan: find out how to apply!
It is possible to find good loans even without an excellent credit score/history. Upgrade personal loans are proof of this. Read this article and learn how to apply:
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by José Gonçalo
Disclaimer: Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.96%-35.97%. All personal loans have a 1.85% to 8.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For 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. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. 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. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade’s bank partners. Information on Upgrade’s bank partners can be found at https://www.upgrade.com/bank-partners/.
Upgrade personal loan: $50,000 in your account with no surprise fees
Indeed, apply for Upgrade personal loan can be interesting for people with fair or bad credit.
Thus, this is an opportunity to consolidate debts or do whatever you want with your money. Below, check out the application criteria. Basically, you need:
- Be over 18 years old;
- Be US residents.
Here’s how to proceed to apply on the website:
You will be redirected to another website
Online application
In fact, the entire process of applying for the Upgrade personal loan takes place on the official Upgrade website. So, you must access it and, in the top menu, click on “Personal Loans”.
Then, inform the desired amount, the reason for the loan, and click on “Check Your Rate”.
Next, you will have access to a form to inform your address, income, and your Social Security Number (SSN).
After entering this data, you will know if you can have these loans and what your APR will be instant. If approved, other documents will be requested to prove the information provided.
What are the requirements?
Basically, you need to have your annual income and SSN on hand. If you are going to apply for a joint account, you must provide the same data as your co-applicant.
Apply on the app
Upgrade offers a mobile application service. Through it, you can apply for a loan on your smartphone.
In addition, the app provides an easy way to access other Upgrade services and manage your payments. So, to have access to this feature, download the Upgrade app from your mobile app store.
In fact, the loan application process is pretty much the same as described above.
Compare the Upgrade personal loan to other options: Personify personal loan
Personify personal loan is known as a credit agency that serves everyone regardless of credit score. Indeed, maybe it’s that kind of service you’re just looking for.
If so, first, take a look at the table below. Here’s a comparison between Upgrade and Personify’s loan services:
Upgrade personal loan | Personify personal loan | |
APR | From 7.96% to 35.97% (based on creditworthiness) *The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available | From 19.00% to 199.99% (variable according to the state you live in) |
Loan Purpose | Pay off credit cards, debt consolidation, business, home improvement, large purchases, and others | Debt consolidation, home remodeling, emergency expenses, wedding expenses, and more |
Loan Amounts | From $1,000 to $50,000 | From $500.00 to $15,000.00 (variable according to the state you live in) |
Credit Needed | At least 560 points (fair, good, or excellent) | Not the set minimum score (people with bad credit may be approved) |
Origination Fee | From 1.85% to 8.99% (the fees are deducted from the loan proceeds) | 5% (not charged to Georgia applicants or Carolina applicants after the first loan) |
Late Fee | Late payments can have fees | Not specified on the official website |
Early Payoff Penalty | No early payoff penalties | N/A. |
Does the Personify personal loan sound interesting? So, check out our post below and learn more about this service:
Personify personal loan: find out how to apply!
Apply for Personify personal loan and get access to a great loan without having to worry about credit score or fee for upfront payments.
Disclaimer: Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.96%-35.97%. All personal loans have a 1.85% to 8.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For 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. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. 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. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade’s bank partners. Information on Upgrade’s bank partners can be found at https://www.upgrade.com/bank-partners/.
José Gonçalo
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